Posted on May 27, 2022 / 119Listing ID: 404623APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $2,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 6197702699

Very unique opportunity to acquire a Top 10 Name Cannabis Vape Brand, Manufacturing Type 7 & Type 11 Distribution Business in Monterey California. This business was awarded the California Green Business Award and has continued to periodically double in sales from 2020. The business is fully operational and licensed both at the local and state level. The owner has licenses for Manufacturing Type 7 & Type 11 Distribution on the building.

Cannabis Businesses have been 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.

Details:

  • Monterey, California
  • Total Space: 5,500 SqFt
  • Manufacturing Space: 4,500 SqFt, Distribution Space: 500 SqFt, Office Space: 500 SqFt
  • Rent: $13K per month
  • Power: 1,200 amps (Upgraded 6 months ago)
  • 1 Roll Up Distribution Door
  • Building Height: 18′ on the sides, 20′ on center.
  • Employees: 14
  • Top 10 name brand
  • Has a 70% Re Order Rate

Licenses:

  • Manufacturing Type 7 Volatile- With a Type 7 you can register your location for shared-use. Non-Volatile: Extraction using a mechanical method or non-volatile solvents such as CO2, ethanol, water, or food-grade dry ice, cooking oils, or butter. Type 7 Manufacturing License allows for all aspects of Cannabis Manufacturing, including Extraction w/ Volatile Solvents, i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, and Type P Manufacturing Licenses.
  • Distribution Type 11- Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.

Looking for Funding? 

Whether it’s for a fast growth situation, a turnaround in a rising industry we can connect you with lenders. If you are looking for acquisitions, purchases and expansion these lenders could fund against a company’s revenues, accounts receivable, licenses, inventory, and real estate. By focusing on assets, instead of balance sheets and projections, the lenders could fund opportunities that banks can not. Please notify the listing agent mentioned below if you want to hear more information about this. 

 

Asking Price: $2,900,000.00 (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. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Green Life Business Group, Inc DRE CA LIC# 02061374

Elliot Cardenas, DRE CA LIC# 02138336

Email: elliot@glbgroupinc.com

If you have any questions call Elliot 619-770-2699

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

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Cannabis & Hemp Banking
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