Posted on November 9, 2022 / 69Listing ID: 489747APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $5,000,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 6197702699

Just Reduced from $8.5M to $5M!

Huge opportunity to acquire a fully operational turnkey cannabis cultivation, manufacturing and distribution business in Monterey County. The business stands on a 67K square foot facility that is fully compliant with all city and state regulations. The cultivation business has 1,700 lights allowing a new owner to walk into a larger scale indoor cultivation business while also taking advantage of the manufacturing and distribution aspects of the business. Monterey County is located between two of California’s largest cannabis markets such as Los Angeles and San Francisco. With strategic positioning such as Monterey County an operator may target and service large markets throughout the entire state of California.

This is a great opportunity for someone who is looking to expand their footprint in the Monterey County Cannabis Market, while also taking advantage of the very nearby major markets, a multi-state operator or someone who is looking to enter the industry into a fully turnkey business.

Details: 

  • Total Space: 67K Sq. Ft.
  • Rent: $1.97 per square foot
  • Lease Terms: 10 YRS (Currently 9 years left in lease)
  • Power: 3,000 AMPS (Working on permits to upgrade to 6,000 AMPS)
  • 1,700 Lights
  • Total of 5 licenses on BCC
  • Manufacturing Equipment
  • 2020 Gross: $8.6M
  • 2021 Gross $10M

Licenses:

  • Cultivation: Growing cannabis
  • Manufacturing Type 6: Manufacturing of Edibles, Vape Pens, Pre-rolled joints, Packaging flower, Tinctures, Drinks (all manufactured cannabis products).
  • Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.

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: $5,000,000.00

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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