NY Vertically-Integrated Cannabis Business

Summary of Assets

• NY Cannabis “Microbusiness” license permitting indoor cultivation, processing and retail operations
  • The only vertically integrated license in NY and the most rare, with far less having approved retail locations
  • Production and Retail can be run independently thus Dispensary can be launched to generate cash flow while Production Facility is in construction
• Retail facility was the final dispensary approved in Amsterdam before municipality imposed a moratorium blocking any future dispensaries from entering the city, thereby eliminating the threat of future competition 
• Lease: 10k sq ft facility for cultivation, processing and administrative work
  • Address: 337 E Main St Canajoharie, NY 13317
  • Low-cost area with added tax benefits due to location in Opportunity Zone
  • Situated just off of main highway exit providing great visibility and logistics
  • Next to a planned $30mm cannabis facility/tourist attraction
  • Pipeline of prospective employees and interns through popular cannabis program at local SUNY Fulton-Montgomery Community College
• Lease: 4k sq ft facility for retail
  • Address: 161 Church St Amsterdam, NY 12010
  • High visibility location with high traffic volume, neighbored by Dunkin Donuts and 2 convenience stores / gas stations
  • Exquisite architecture featuring vaulted ceilings, abundant natural light, suitable for consumption lounge combined with dispensary
  • Includes large finished, operational basement for additional uses
  • Includes 40 spot parking lot and drive thru (extremely rare for the area)
• Existing Personnel
• Head Grower available with extensive track record of high performance in cultivation, including leadership role at an MSO. Brings genetics and SOPs for operating a pharmaceutical grade cannabis facility, and is willing to work for stock-based compensation
• Offer:
  • $900k for license, including control of properties
  •  Buyer responsible for buildout, launch and management of operation

Property Details

1) Cultivation, Processing and Admin Property

• Rent $3,900
  • Rent to Own option available
• 10k sq ft of indoor office and warehouse space, in possession of required local permits
• 12 off-street private parking spots
• Adjacent to flagship cannabis operation in-development
• Located on major corridor near several amenities
  • < 0.25 mi from downtown Canajoharie with plenty of nearby food and shopping options for staff
  • < 1 mi from Tractor Supply
  • 10 min from garden supply store dedicated to cannabis cultivation
• Immediately off of NY State Thruway which connects Albany to Syracuse, benefiting from quick access to two major NY metro areas
  • Utica – 35 min, Rome – 45 min, Syracuse – 70 min
  • Amsterdam – 20 min, Schenectady – 30 min, Albany – 40 min
  • Saratoga Springs – 50 min
• Logistical gem, centrally located within 3 hours of all major NY cities
  • Cortland – 1.75 hours, Ithica – 2.25 hours
  • Lake Placid – 2.5 hours, Plattsburg – 2.75 hours
  • Binghamton – 2.75 hours, Corning – 2.75 hours
  • Rochester – 2.5 hours, Buffalo – 3 hours
  • NYC – 3 hours, Westchester – 2.5 hours
  • Other Destinations: Boston MA – 3 hours, Hartford CT – 2.5 hours, Burlington VT – 3.25 hours, Montreal QC – < 4 hours, Toronto ON – 5.25 hours
• Some of the lowest electricity costs in the country
• Strong, employer-friendly local labor market with industrial heritage

2) Retail Property

• Rent $3,500
• Formerly used as a prominent bank in the area, uniquely equipped with functional Drive-Thru lane and window
• Stunning curb appeal and magnificent lobby with vaulted ceilings and great natural lighting
• 4,704 square feet, split between downstairs and upstairs, in possession of required local permits
  • Upstairs area perfectly suited consumption lounge or creative space
  • Large finished basement space with rooms, not included in above square footage
• Standalone structure with large parking lot
  • Offers discrete and comfortable customer experience for walk-in and drive-thru customers since not joined to shopping or strip center
  • 40 private parking spaces
• Great high-traffic location shared with vibrant Dunkin Donuts and Gas Station / Convenience Store
  • Directly on major artery in city (9,309 AADT)
  • Adjacent to primary commuter route to/from Capital Region (Albany/Schenectady/Troy)
    • State Highway 30 < 0.5 mi west of store (21,977 AADT)
    • State Highway 5: < 0.5 mi south of store (9,993 AADT)
    • I-90 Throughway: <1.5 mi south of store (20,000+ AADT)
  • Local traffic and commuter traffic between Capital Region and Mohawk Valley / Adirondack foothills territory
• Municipality resistant to future dispensaries thus likely to resist future permitting thereby providing competitive protection
• More Information about the Property
  • https://www.crexi.com/lease/properties/629606/new-york-161-church-street
  • https://www.facebook.com/AubreyGuriTeam/videos/161-church-street-amsterdam/690910764920530/