Rev was the highest-ranked company in Massachusetts company and in the cannabis industry
Inc. magazine has revealed that Revolutionary Clinics is No. 4 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Rev, one of Massachusetts’ leading providers of medical marijuana, has three dispensary locations, two in Cambridge and one in Somerville, and operates a wholesale arm for adult-use cannabis. Revolutionary Farms, the moniker of their cultivation facility, is one of the largest and most advanced cultivation operations in the state.
“We are extremely proud to be named to Inc.’s prestigious annual list in recognition of Rev’s growth, but also opportunities created for our employees, our host communities, and the industry overall,” said Keith Cooper, CEO of Revolutionary Clinics. “This growth has enabled us to reinvest revenue into programs that fund equity license holders to help them open their doors as well as critical needs in the community, like COVID-19 relief funds and support for non-profits. We thank our patients and wholesale customers for helping us reach this milestone, and we will continue to reward that faith with outstanding service and products in the years to come.”
Rev’s growth as a company has transpired alongside industry partnerships and community investments. In the last year, more than $100,000 has been awarded to organizations and initiatives in Rev’s host communities, in addition to regular volunteer work. In Fitchburg, Rev generated hundreds of thousands of dollars in tax revenue and created almost 250 new jobs for the post-industrial municipality within three years. On the retail side, the majority of the more than 100 employees in Revs’ three retail locations identify as a minority and/or as women, far exceeding municipal goals.
Rev also created an accelerator program called “ASPIRE” (Achieving Success through Partnerships for Inclusive Retail Entrepreneurs) as a way to help those who were disproportionally harmed by the war on drugs get into the business. True to the “cannabis with a conscious” ethos, Rev has invested a substantial portion of its revenue into making the industry more equitable with financial and technical support, helping equity license holders to overcome the greatest barrier to entry, access to capital.
ASPIRE has helped three equity license holders successfully open their doors. Most recently, the company awarded a pair of $100,000 grants to cannabis entrepreneurs Leah Samura, CEO and co-owner of Yamba Boutique, and Ivelise Rivera, owner and partner of Nuestra, LLC, both of whom are preparing to open in Cambridge. The ASPIRE program also helped launch Green Industry Funded Training (GIFT), a mentorship program founded by Leah Daniels of Alchemy League and Alchemy League’s senior management is currently training at Rev in preparation of the store’s impending opening.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.