Chicago, Illinois – Adult-Use Cannabis Retail Licenses

LICENSE HIGHLIGHTS

• Two (2) Illinois Adult-Use Retail Dispensary licenses for sale in BLS #5 (Chicago-Naperville-Elgin).
• Owned by the same entity, so Seller wants them to be sold together.
• Paper licenses only with no real estate attached to the sale, but Seller is actively negotiating on several properties that could be attached to the sale.

TRANSACTION DETAILS

• Experienced Illinois cannabis buyer is attractive to the Seller.
• Buyer with real estate under control, pre-built out of built-out, is attractive to the Seller.
• Seller will require tying specific real estate addresses to the Definitive Agreements, securing the purchase of the licenses can only be used for these physical stores, along with corporate guaranty.
• All-cash transaction is preferred, but Seller Financing is to be considered.
• Payment schedule before the transfer of the licenses to be discussed in negotiations.
• Must share Proof of Funds upon execution of an NDA.