Listing ID : 863213
Listed On November 18, 2024 45
Listing Updated November 22, 2024
Listing Highlights :
This vertical cannabis company counts itself as one of the oldest and most established in Montana. With Tier 5 cultivation, 4 dispensary locations in some of the hottest markets in the state, and one of the state’s most well-known edibles brands, this offering is a perfect launching pad for a buyer looking to avoid starting on the ground floor.
All of the dispensary locations are turnkey, revenue-generating and have been open for several years, so they have established customer bases. Three of the four retail locations are in long term leases with beautifully finished interiors and come will all FF&E onsite. The 4th is in owned-real estate, but the owners are willing to draft a long term lease if desired, or the dispensary license could be relocated.
The cultivation facility as well as a lab for manufacturing concentrates are included and come fully-equipped. They both share a site with one of the leased retail locations, however, the lab is in a portable container that could easily be relocated if desired.
This is the definition of a turnkey business, but there’s also multiple opportunities to expand. Currently, cannabis companies in Montana can add as many retail locations as desired, so a buyer need not be content with just the 4 existing retail locations. The edibles brand also offers major opportunity for growth with increased marketing and sales efforts, and the cultivation license can be tiered up one tier per year annually at the time of license renewal. The next tier increase would take the licensed cultivation allowed from 10k square feet to 13k square feet.
This is a great opportunity to step into an established business with opportunity for growth. Currently Montana is in the midst of a moratorium on new licenses through at least July of 2025. No owned real estate is included in this offering. NDA and POF required.
Co-listed by Myles Hutto & Erica Siate
Brokered by eXp Commercial
1205 S Main St #335
Kalispell, MT 59901
1-855-451-1594
Location: Located 31 miles from Medellin, this 143-acre (58 ha)cannabis farm sits 5,900 feet above sea level in Fredonia. Just 1.2 miles from the nea
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