This is an excellent growth opportunity to own an extraction and vape pen processing company. This company has developed vape-pens which their consumers highly desire. The RSO consumed in the vape pen is their own recipe and their thorough process of extracting cannabis oil from their bio-mass produces a clean product with a very nice smell. Their packaging is simple and cost-effective yet appealing to the end consumer. The company distributes its products to some of the largest cannabis retailers in Curry County. The buyer of this extraction company has an opportunity to expand the distribution of this product to the over 660 retailers in Oregon. The buyer will have a company with the capacity to produce more product within its current set-up. All that is needed is to contract with a sales and marketing firm or hire the necessary resources. The owners have set up the future buyer for success with seamless processes and fully compliant operations under the regulation of Oregon Liquor and Cannabis Commission. This cannabis extractor is well managed and employs a small team of experienced professional extractors.
The business operates out of approximately 1800 square feet that are under a lease that expires in November of 2028. Current monthly rent is $2,000.
The cannabis industry grew 21% from 2019 to 2021 generating $21 billion of revenue per year with expected global market growth to $146 billion by end of 2025. In Oregon, cannabis sales reached $1.2 billion in sales in 2021 and the industry continues to see growth.
This company is represented for sale at IBA by Seth Rudin & Joseph Hollcraft. They can be reached directly at (503) 739-4880, seth@ibainc.com, or joseph@ibainc.com.
