Price reduction. At under a million dollars in California’s largest cannabis market, this is a steal!
Unique opportunity to acquire a cannabis Cultivation, Distribution and Manufacturing Type 7 License in LA County. The landlord is open to negotiations with the new owner on creating a long term lease. Currently the business is not operational, however this is a great opportunity for someone to take advantage of as Manufacturing Type 7 licenses are scarce and high in demand. These Volatile extraction licenses are difficult to obtain due to so many cities restricting its use. Volatile extraction is the most efficient and speedy way of extracting cannabis. The extraction market is in its infancy with huge upside to gain market share.
This is a great opportunity for someone who is looking to expand their footprint in the Los Angeles County Cannabis Market, while also taking advantage of the very nearby major markets, a multi-state operator looking to target a clean canvas or someone who is looking to enter the industry.
Cannabis Businesses were labeled as essential businesses back in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.
- Space: 16,800 Sq. Ft.
- Rent: $2.25 per Sq. Ft. (can be negotiated with the right buyer)
- Landlord is open to negotiations with a new business owner on a long term lease
- Lease terms – 10 year (2 five year options)
- Ceiling Height 18′
- Parking Spots : 21
- Seller financing available
- Manufacturing Type 7 Volatile: Volatile Solvent Extraction i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, and Type P Manufacturing Licenses. With a Type 7 you can register your location for shared-use.
- Distribution: 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.
- Cultivation: Growing cannabis
Asking Price: $990,000.00
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 CA LIC# 02064305
If you have any questions call Tom (619) 972-5952
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.