Very unique opportunity to acquire a fully licensed and operational Manufacturing Type 7 (Annual) business in Arcata, CA (Pop +19k). The facility that the licenses are held at is 1,600 SqFt, and the current owner has until December 2023 left on the lease, with a 3YR option. The current owner has Annual and both local and state approvals in hand from the Department of Cannabis Control, representing a higher value!
The new owner will take over both the license and the leasehold with a monthly rent of $4,280/month. The building is also zoned for other uses which the new owner could apply for. The license in hand is for Manufacturing Type 7, known as Volatile extraction. Because so many cities restrict its use, these licenses are difficult to obtain; however, volatile extraction is the most efficient and quick method of extracting cannabis. This is an excellent opportunity for someone looking to expand their footprint or business in the Arcata Cannabis Market while also taking advantage of the nearby major markets, or for someone new to the industry !
Cannabis Businesses have been labeled as essential businesses back in March, 2020 meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.
Details:
- Space: 1,600 SqFt
- Rent: $4,280/Month
- Lease Terms: Expires on Dec 2023 w/ option for 3YR
- License Type: Manufacturing Type 7
- State License Type: Annual (Most in Demand)
- Local & state approvals in hand !
- Zoned for other uses
- Product inventory is not include but is negotiable
Equipment Included in the Asking Price:
- PolySci Chiller (MX07R-20-A11B)
- A1 Heated Recirculator (H100-15)
- Artic Air Refrigerator (AR23E)
- Artic Air Freezer (AF23)
- True Freeze SS Work Table
- SO-LOW Cryo Freezer (C85-17)
- On Demand Water Heater (AT-M50-N) Takagi
- Radiant Floor Heat 4 zone
- Commercial Dishwasher (CMA Dishmachines)
- (8) Edwards RV-8 Vac Pumps
- (4) A1 Vac Ovens Accu Temp 32
- (4) A1 Vac Ovens Accu Temp 75BHOgart Machine
- (2) MVP 150 Diaphragm Pumps
- (2) Edwards Vac Pumps E28 230v
- T40 Across International Cold Trap
- Uline Solvent Cabinet
- (3) Uline 4’x2’ Lockable
Licenses:
- Manufacturing Type 7 Volatile- With a Type 7 you can register your location for shared-use. Non-Volatile: Extraction using a mechanical method or non-volatile solvents such as CO2, ethanol, water, or food-grade dry ice, cooking oils, or butter. Type 7 Manufacturing License allows for all aspects of Cannabis Manufacturing, including Extraction w/ Volatile Solvents, i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, and Type P Manufacturing Licenses.
Asking Price: $299,000.00 (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
Tom Milks, DRE LIC CA #02064305
If you have any questions call Tom (619) 972-5952
Email: tom@glbgroupinc.com
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
