Posted on July 21, 2022 / 180Listing ID: 430365APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $600,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 8586333013

Opportunity to acquire the largest approved cultivation and vertically-integrated Cannabis operation in SLO County! 

The business utilizes 3 acres of mixed-light hoop houses and a 4,000 sq. ft. building licensed for Manufacturing, Processing, and Non-Storefront Retail. The business holds 6 cultivation licenses, a delivery retail license, a manufacturing license, and a processing license. Both a Nursery and Full Distribution License have been approved and are awaiting activation. An additional 5 Cultivation Licenses have been approved and are in the application process, totaling 110,000 sq. ft. of cultivation approved. There are existing plans for building a one-acre cultivation greenhouse that has already been permitted by local jurisdiction. In 2021, the company used 60,000 sq. ft. of cultivation to produce 3,500 lbs. of flower! The nursery operation currently produces around 3,000 clones per week with room to improve. 

The climate in Paso Robles is perfect for Cannabis cultivation. The same elements that make the area great for cultivating grapes are required for cultivating great cannabis. Hot, dry summers, cool coastal influences, significant diurnal temperature shifts, and breezy hills are a recipe for growing the state’s greatest cannabis flowers. This central coast location also makes the company well-positioned to supply across California. 

Details

  • Licenses: Cultivation, Non-storefront Retail Delivery, Manufacturing, Processor and Distributor Type 13.
  • 2021 Revenue: $2M
  • 2022 Revenue (Jan-June): $500k
  • Lease: 10 years (9 years left)
  • $30k/ Month (LL open to renegotiating lease with new operator)

Active Licenses

  • Cultivation: Growing Cannabis. 60,000 sq. ft. (6 licenses)
    • An additional 5 Cultivation Licenses have been approved and are in the application process, totaling 110,000 sq. ft. of cultivation approved.
  • Non-Storefront Retail Delivery: Off-Premises Sales, Direct-To-Consumer. (very few in the area)
  • Manufacturing Type 6 (Non-volatile): Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
  • Processor: For cultivators that only trim, cure, dry, grade, package or label cannabis
  • Distribution Type 13: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors. (Full Distribution License applied for)

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this.

Asking Price: $600,000.00 (Seller Open to Offers) 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Yesenia Jimenez, DRE LIC CA# 02073168 

If you have any questions Call Yesenia at (858) 633-3013

Or Email : asm@glbgroupinc.com

Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.

Turnkey Cannabis Cultivation Facility | Chandler, OK
Turnkey, active grow OMMA/OBNDD licensed and METRC compliant operation. VIEW LISTING
Contact Listing Owner
Cannabis & Hemp Banking
You May Also Like