Posted on March 8, 2022 / 447Listing ID: 363126APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $18,950,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 433-5773

Massive opportunity to acquire a large-scale fully turnkey cannabis retail chain across Oregon. This is an Oregon-licensed, full-service cannabis retail chain that is currently generating revenue. 

The chain has strategic locations throughout the state of Oregon. This opportunity is operated by one of the largest privately owned cannabis retailers on the West Coast and is considered to be one of Oregon’s most reputable cannabis retailers and brands adding considerable value. 

Having a recognizable and well reputed brand and a massive customer base, a new operator could have state-wide reach through a single acquisition. The opportunity includes Twenty-one (21) retail storefronts located throughout Oregon. Eighteen (18) of the shops are fully operational, two shops are licensed but currently not operational, and one storefront is currently pending approval with the OLCC. This opportunity includes the brand and book of business as well as an option to purchase the underlying real estate in Nine (9) of the Twenty-one (21) locations. 

In 2021, the retail chain accrued approximately $16,000,000.00 in gross revenue via the Eighteen (18) operational stores. This portfolio would be an ideal acquisition for any Multi-State Operator or publicly traded company looking to expand their retail footprint in nearly all of the major markets in Oregon. 

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: 

  • Established brand in Oregon

  • Total of 21 Retail Storefronts throughout the State of Oregon

  • 2 of the Retail Storefronts are licensed but non operational & 1 Retail Storefront is pending OLCC. 

  • Total Gross 2021 for the 18 operational shops was ~$16.2 M 

  • Storefront locations include but are not limited to:

  • Portland

  • Salem

  • Lebanon

  • Astoria

  • Corvallis

  • Springfield…and many other cities.

 

 

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).

 

Asking Price: $18,950,000.00 (Seller Open To Offers)

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 (619) 433-5773

Or Email : nationwide@glbgroupinc.com

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Cannabis & Hemp Banking
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