Posted on May 24, 2022 / 128Listing ID: 403286APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $6,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 433-5773

Unique opportunity to acquire a Fully Turnkey Vertical Cannabis business in Oregon. This is an Oregon-licensed, full-service Cannabis Retail chain with Producer & Processing Licenses that are currently operational and generating revenue. The owner has both local and state licenses in hand, making this a truly turn-key business opportunity. The 7 OLCC Licenses include 4 retail storefronts, 1Tier two indoor Producer License, a Processing License and 1 Industrial HEMP License.  All are in good standings with no violations. All licenses are being sold as a bundle. The Processing License has all endorsements offered to include hydrocarbons, edibles, topicals and Industrial HEMP. The Producer License sits in a 20,000 Sq Ft industrial warehouse with 4,000 Amps of 3 phase power, over 170 tons of air conditioning and produces consistently 200 lbs a month. The retails stores conduct an average of 700 daily transactions, the business is expected to reach close to $10M in 2022! The seller has no debt. The owner has over $3.2 million in TI improvements.  All the finances have been under the supervision of a CPA and have been deposited through a banking institute.

This is a great opportunity for someone who is looking to target a major cannabis market in Oregon, a Multi-State Operator looking to expand their footprint in the industry, or someone who is looking to enter the industry. 

Cannabis Businesses were labeled as essential businesses 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: 

  • State of Oregon OLCC: (4) Retail, (1) Tier 2 Indoor Producer, (1) Processing, (1) Industrial HEMP
  • Prime Locations, All Stand alone buildings with great exposure 
  • Employees: 47 Total
  • Operational over 8 years!
  • $750k of inventory included
  • 2021 Gross Revenues: $8.4M 
  • Sales are expected to reach close to $10M in 2022!

Details (Producer/Processor): 

  • (1) State of Oregon OLCC Tier 2 Indoor Producer License
  • (1) State of Oregon OLCC Processing License – with all Endorsement
  • (1) State of Oregon OLCC Industrial HEMP License
  • Oregon Department of Agriculture approved kitchen. 
  • Rent: $26k Per Month
  • Space: 20,000 sq. ft.
  • Employees: 15 Employees
  • 250 flowering lights
  • 2021 Gross Revenues: ~$2.8M

Details (Retail Storefronts): 

  • (4) State of Oregon OLCC Retail Licenses, one includes ODA certified kitchen
  • All locations have a medical endorsement 
  • All 4 retail stores have walk in vaults for inventory
  • 2 locations have home delivery
  • Rent: ~$28,430k Per Month
  • 32 Employees

Licensing: 

  • OLCC- Retail Storefront License: Can sell or deliver marijuana or hemp items directly to consumers.
  • OLCC- Producer License: A producer is also known as the grower by the OLCC. 

Licensing: 

  • Retail Storefront: A retail license is required to service recreational patients. A dispensary or caregiver license is needed to serve medical patients. It is possible to hold both licenses by paying a “medical bump up” fee to the OLCC. However, the medical and recreational dispensaries must be separate buildings (or suites).
  • OLCC- Producer License: A producer is also known as the grower by the OLCC. 

Asking Price: $6,900,000.00 

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Scott Hite, DRE LIC OR# 201218627

If you have any questions Call Yesenia at (858) 633-3013

Or Email : nationwide@glbgroupinc.com

National Affiliate Listings

All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by (Local Broker) via the Green Life Business Group National Affiliate Program.

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

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