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Licensed cultivator operating ∼150,000 ft.² hybrid greenhouse located within 1hr drive of Toronto, Canada

Ontario, Canada
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Cannabis Businesses For Sale | Cannabis Cultivation/ Grow Businesses For Sale

Listing ID : 867776

Listed On December 11, 2024 View Count 87

Listing Updated December 11, 2024

Price :
$8,250,000
Business Overview :
Gross Revenue:
$4,000,000
Inventory Included:
Yes
Accounts Receivable Included:
Yes
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Growth and Expansion Opportunities:
The site has room for expansion to add additional greenhouses/drying /processing buildings or licensed outdoor cultivation space (could add reefer unit or building extension for fresh frozen) 2 out of 3 acres are operational; 3rd acre is fully built but requires a degree of finishing and fixtures
License Details :
License Status:
Active – Current
License Type:
Recreational/ Adult Use, Medical
License Activities:
Cultivation, Manufacturing - Volatile , Packaging/ Processing
Business Location Details :
Business Location:
Owned - Included in Purchase Price
Facility & Tenant Improvements:
~$6.9 million current real estate market value for land plot, buildings, house, etc. (with no cannabis build-out premium) ~$1.9 million of capital spent on customized build-out and fit-out ~$1.2 million of capital spent on non-fixed assets Facility comes with major operating systems i.e. New PRIVA Environmental System, CAT Standby Generator, 2 x COGen Units, 2 x Boilers (BoilerSmith 110 and 200 hp), Halo 1000 W HPS Lights, Payne HVAC, DVR2010 VMS with AXIS Cameras Security
Utilities:
Electricity, City Water, Natural Gas
Terms :
Financing:
Cash
Broker Co-Op:
No
NDA Required:
Yes
Company Overview :
Description :

Wholly owned, ∼150,000 ft.² licensed, hybrid greenhouse with support buildings sitting on 10 acres of land with production capability of 2,500-3,000 KG/yr

Listing ID: 9937947699
Licence(s) Held: Standard Cultivation, Standard Processing, Sale for Medical, CRA licence, Operating since May 2019 and Health Canada renewed to 2027

Seeking outright divestiture of the licence, wholly-owned facility and going concern business for $8,250,000 USD ($11.7 million CAD) o.b.o

Listing Details:
Wholly owned, ∼150,000 ft.² licensed, hybrid greenhouse sitting on 10 acres of land located within 1 hr drive of Toronto, ON, Canada

Site includes greenhouses, head house, physical plant, garages and residential home

Hybrid Greenhouses are split into 3 x one-acre ranges, each with two (2) x 20,000 ft.² Zones, with support building (head house) and operating according to GACP standards, selling product into an EU-GMP production stream

Head house is comprised of debucking room, drying room, sanitation room, 4x storage rooms, shipping and receiving, 2x office rooms, staff room, electrical room, server room, and 2x washrooms

Planting density allows for 2,000 to 4,000 plants per Zone depending on genetics, resulting in average production capability of 216 KGs Dried Bud and 136 KGs Dried Trim per month for the 2 acres

Currently undertaking propagation, cultivation, live harvest and direct ship, dry/trim capability, bulk packaging and B2B sales

Low cost of production and currently producing consistent output of over 25%+ THC

Current revenues $2.5 million annually, with projected sales of $4 million for 2024

There are currently supply agreements in place

The site has room for expansion to add additional greenhouses/drying /processing buildings or licensed outdoor cultivation space (could add reefer unit or building extension for fresh frozen)

Seeking outright divestiture of the licence, wholly-owned facility and going concern business for $11.7 million o.b.o ($8,249,312 USD)

26.9 OUTDOOR Acres Divisible into 12 Acres and 14.9 Acres – Available Together or Separately

Harmony Township, NJ, USA

Land For Sale

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