Posted on April 19, 2022 / 816Listing ID: 386622APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $99,000,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (858) 245-6324

8 Retail storefront locations, distribution and manufacturing in California. 6 locations in highly desirable Southern California (2 in San Diego County) and two in Northern California

Rare opportunity to acquire a very unique, superior market access, reputable brand and high grossing retail chain in California’s largest cannabis markets.

Enterprise is considered to be one of the most desired chains in California due to the large revenues generated along with high EBITDA. This strategic retail footprint includes market share throughout the state. The chain has accrued a large following due to its PRIME locations and brand recognition. Also includes distribution licenses.

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

Licenses:

    • 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).
    • Cultivation: Opportunity to Grow cannabis up to 10,000 SQ FT Canopy Size.
    • Distribution: Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all other cannabis businesses; Manufacturers, Cultivators, Nurseries, Retailers, & Distributors.
    • Delivery: All retail locations include delivery and allow deliveries to be made anywhere in California.

Asking Price: $99,000,000.00

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

Drew Matthews, DRE CA LIC# 02091143

If you have any questions call Drew. (619) 653-0483  

Email: ceo@glbgroupinc.com

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Cannabis & Hemp Banking
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