Posted on July 25, 2022 / 127Listing ID: 431821APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $80,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 770-2699

Unique opportunity to acquire a turn key Cannabis Type N business in Eureka, CA. The business is currently licensed by the city and state. The current owner also has a pending application for Manufacturing Type 6 adding a greater value. The business also comes with equipment making this opportunity fully Turn Key. Type N businesses have recently had a spike in demand due to the new market of consumers that infusion of products has been able to open.

This is a great opportunity for someone who is looking to expand their footprint in the Eureka Cannabis Market, while also taking advantage of the very nearby major markets like the Emerald Triangle, a multi-state operator 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.

Details: 

  • Space: 2,040 Sq. Ft.
  • Rent: $3,000
  • Lease Terms: LL ready to execute new lease with current or new owner
  • Licensed both by City and State
  • Pending application in place for Manufacturing Type 6
  • Approximately $110K in Equipment

Licenses:

  • Manufacturing Type N (Infusion of products): Type N manufacturers can: Make cannabis products through infusion, Package and label cannabis. Infusion mixes cannabis extract or plant material with other ingredients to make a cannabis product.
  • Manufacturing Type 6: For manufacturing sites that produce cannabis products using nonvolatile solvents or mechanical methods (ex: CO2, ethanol, water, or food-grade dry ice, cooking oils or butter). Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this. 

Asking Price: $80,000.00 ( 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

Elliot Cardenas, DRE CA LIC# 02138336

If you have any questions call Elliot (619) 770-2699

Email: elliot@glbgroupinc.com

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Cannabis & Hemp Banking
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