Posted on April 19, 2022 / 240Listing ID: 386711APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $42,000,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 653-0483

Unique opportunity to acquire a Fully Vertically Integrated Cannabis Business in the heart of the highly sought after Las Vegas market. It is licensed both at the Local and State level for Retail Storefront, Cultivation, Production and Distribution. This is a great opportunity for someone who is looking to expand their footprint in the Nevada Cannabis Market while also taking advantage of the nearby major markets or someone who is looking to enter the industry into an established business. 

The Retail end of the business has been in operation for over six years and sits on a high traffic location near a major freeway. The business hit $35.5M dollars in gross revenues for 2021. The Cultivation & Distribution business occupies a 20k Sq Ft building and is equipped with 340 Lights. The grow currently does about 2700 lbs per Year out of the 20k Sq Ft facility, and the owner put in over $4M in Fixtures and Equipment. The Production facility occupies a 13k Sq Ft warehouse and will include ~$1M in inventory!

The 100+ employees of the company are led by an experienced and effective management team that is expected to remain with the company after acquisition.

Cannabis Businesses were labeled as essential businesses back in March, 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

Retail Shop Details:

  • Licensed both at the Local and State level 

  • Space: 3,200 Sq Ft (2,335 Sq Ft for Showroom) 

  • Rent: $5,650/Month

  • Inventory: ~$700K 

  • 2021 Gross revenue was $13.3M (Owner Full Absentee)

  • # of Employees: 41 employees

Cultivation/Distribution Details:

  • Licensed both at the Local and State level 

  • Total Space: 15,500 Sq Ft 

  • 15,000 Sq Ft for Cultivation

  • 400 Sq Ft for Distribution

  • Rent: $20,600/Month

  • Inventory: ~$2.2M 

  • # of Employees: 44 employees

Production Details:

  • Licensed both at the Local and State level 

  • Space: 13,200 Sq Ft (10,000 Sq Ft for Production Area) 

  • Rent: $16,900/Month

  • Inventory: ~$1M 

  • # of Employees: 23 employees

Included assets: 

  • ~$700k in inventory for the Storefront 

  • ~$2.2 Million at for the Grow

  • ~$1M for the Production business. 

  • Book of Business & Brand

  • All Equipment & TI’s

Licenses:

  • Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.

  • Distribution- Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all other cannabis businesses; Manufacturers, Cultivators, & Retailers

  • Cultivation – Licensed to cultivate (grow), process, and package cannabis; to have cannabis tested by a testing facility; and to sell cannabis to retail cannabis stores, to cannabis product production facilities, and to other cultivation facilities, but not to consumers.

  • Product Processing – Licensed to purchase cannabis; manufacture, process, and package cannabis and cannabis products; and sell cannabis and cannabis products to other product production facilities and to retail marijuana stores, but not to consumers. Cannabis products include items like edibles, ointments, and tinctures.

 

Asking Price: $42,000,000.00 (Seller Financing Available)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

Green Life Business Group, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Drew at (619) 433-5773

Or Email : ceo@glbgroupinc.com

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