Element 7 California Cannabis Retail Portfolio For Sale By Way of Receivership Auction Date JUNE 30TH (California) #1763

This is being sold by way of Court Ordered Receivership and is subject to Court confirmation.

All assets sold from the Receivership Estate are done so free and clear of all liens. 

This includes all City and State Taxes. 

The preferred sale of this Portfolio is a Global Auction offer for all of the assets, however the Receivership will entertain offers for the individual assets as well. This is your chance to submit offers on individual assets.
 

Certain Element 7’s California cannabis assets are now available for acquisition via court-ordered receivership, presenting a rare opportunity to secure a multi-location, lease-secured portfolio in key statewide markets. This court-supervised sale includes five sites located in Marina, Rio Dell, South San Francisco, Oakland, and Firebaugh, offering diverse functionality from retail and distribution to warehousing.

In Marina, a 5,000 sq. ft. commercial facility is leased through July 2030 at $10,102/month, with potential for additional leased space under separate terms. Rio Dell offers a compact 940 sq. ft. footprint at just $2,313.92/month through March 2031, ideal for boutique operations in Humboldt County. South San Francisco includes a 1,949 sq. ft. warehouse and adjacent 36,000 sq. ft. lot, positioned for hybrid retail/distribution use with a five-year renewal option pending documentation. Oakland’s 2,250 sq. ft. site offers high visibility and dense foot traffic, leased at $6,936/month through June 2027. Firebaugh includes a .33-acre agricultural lot leased through April 2026 at $5,908.92/month, offering flexible development potential.

With a combined operational footprint exceeding 43,000+ sq. ft. (excluding land), this offering is ideal for MSOs or independent operators seeking expansion, consolidation, or vertical integration. Call for Offers is due June 30th. Don’t miss this unique acquisition opportunity limited in today’s California cannabis landscape.

The Rio Dell asset is closing its doors this week and removing all inventory and South San Francisco opportunity will be a license sale only. Oakland and Marina are not 100% owned by the receivership and will be working with the owners to determine a path forward for those sales whether they want to buy the receiver out or if they are interested in putting in their ownership to sell their shares.

Auction Participation Terms:

Interested parties must submit a $25,000 deposit to participate in the auction for each individual store. To be eligible, participants must complete the following:

Wire the $25,000 participation deposit

Sign and return the Auction Rules & Participation Agreement

Provide verifiable Proof of Funds

Demonstrate credibility to qualify for a Management Services Agreement (MSA), should you wish to manage the store during the state license transfer

Bidders will be required to post on-site at the business location during the auction process.
Winning Bidders:
If you win the auction, you will have 24 hours to submit the remaining purchase funds. Failure to do so will result in the forfeiture of your $25,000 deposit.

MSA Requirement:
In the event of a management agreement during license transfer, the MSA will include a $25,000–$50,000 deposit to cover any potential tax liabilities or damages.

Details: 

Marina, CA 

Total Space: 5,000 Sq Ft  
License Type: Commercial Cannabis Use Potential (Retail, Distribution, etc.)  
2025 Gross Revenue’s Per Month: $101K
Rent: $10,102 / Month  
Lease Expiration: July 14, 2030  
Security Deposit: $5,000  
Subletting: Not permitted without written landlord approval 
Notes: Full unit lease
Rio Dell, CA

Total Space: 940 Sq Ft   
Use Type: Boutique Retail or Small Office   
Rent: $2,313.92 / Month   
Lease Expiration: March 31, 2031   
Security Deposit: $5,000   
Subletting: Not permitted without written landlord approval
Notes: Long-term lease; ideal for rural retail or satellite operation;Landlord mat consider selling the building
South San Francisco, CA

Total Space: 1,949 Sq Ft Office/Warehouse + 36,000 Sq Ft Lot
Use Type: Ideal for Distribution or Logistics Hub
Rent: $7,796 / Month
Lease Expiration: June 30, 2024 (5-year renewal clause in contract, documents pending)
Security Deposit: $54,720
Subletting: Not permitted without written landlord approval (Lawrence Avenue Properties)
Notes: Rare large-lot industrial space in Bay Area; renewal flexibility exists
Oakland, CA

Total Space: 2,250 Sq Ft
License Type: Urban Retail / Administrative Use
2025 Gross Revenue Per Month: $93K
Rent: $7,469.00 /Month
Lease Expiration: June 30, 2027
Security Deposit: $7,000
Subletting: Not permitted without written landlord approval
Notes: Strong retail market; high-traffic East Bay location
Firebaugh, CA

Lot Size: 0.33 Acres (Interior square footage unspecified)
License Type: Dispensary Retail, Distribution and Manufacturing
2025 Gross Revenue Per Month: $85K
Rent: $5,908.92 / Month
Lease Expiration: April 2, 2026
Security Deposit: $0.00
Subletting: Not permitted without written landlord approval (Firebaugh GHG Fund)
Notes: Lot-based lease with potential for Dispensary Retail, Distribution and Manufacturing
License:

Retail Storefront License – Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.
 

Call For Offers June 30th 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Drew at (619) 653-0483

Or Email : ceo@glbgroupinc.com

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