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Medical Cannabis Cultivation Operation in Mississippi For Sale

Mississippi, USA
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Cannabis Businesses For Sale | Cannabis Cultivation/ Grow Businesses For Sale

Listing ID : 811873

Listed On June 23, 2024 View Count 355

Listing Updated July 4, 2024

Price :
Inquire for Price
Business Overview :
Gross Revenue:
$876,089
Cash Flow:
$201,594
Growth and Expansion Opportunities:
Product Line Expansion: Poised to extend its offerings to include edibles, the company is strategically positioned to capture a broader customer base. Anticipated changes in legislation could further expand the market to recreational cannabis, significantly enhancing revenue potential. Increased Production Capacity: Investment opportunities exist to scale up production facilities to meet growing demand. The company is equipped with advanced cultivation technologies, and expanding these facilities could drive higher output and efficiency. Acquisition of Processing License: Securing a processing license would enable the company to manage more of its production process in-house, increasing control over operations and profit margins. This strategic move is expected to streamline operations and enhance product offerings. Marketing and Brand Development: There is substantial potential to expand the company’s market presence through enhanced marketing strategies and digital outreach. Increasing brand visibility and consumer engagement is key to driving sales and solidifying market position. Infrastructure Improvements: Plans include the construction of a new processing facility to support increased production volume and improve operational efficiency. This development will facilitate higher product quality and more efficient supply chain management. Expansion of Sales and Distribution Networks: Expanding the sales team and distribution network will enable the company to access new markets and improve penetration in existing markets, maximizing coverage and revenue growth.
License Details :
License Status:
Active – Current
License Type:
Medical
Business Location Details :
Business Location:
Owned - Included in Purchase Price
Facility & Tenant Improvements:
An exceptional opportunity exists to acquire a state-of-the-art medical cannabis cultivation operation, strategically located in Summit, Mississippi. This facility, one of the first to receive a cultivation license in the state, is designed to optimize both growth and operational efficiency, making it a standout in the newly legalized market. The cultivation facility spans approximately 2.44 acres, meticulously described and surveyed to ensure precise boundaries and compliance. The property includes a modern, metal building that houses the cultivation operations, complete with advanced environmental controls that manage critical growth factors such as temperature, humidity, and CO2 levels. This setup ensures the production of premium quality cannabis under consistently ideal conditions. Key facility features include a sophisticated Growlink Fertigation System, which integrates fertilization and irrigation, delivering nutrients directly to the plants' root zones. This system is complemented by a top-tier Environmental Control System that maintains optimal growing conditions, crucial for maximizing plant health and cannabinoid production. The property is equipped with high-capacity dehumidifiers (Quest 225 and Anden 710 models) to stabilize the environment further and a state-of-the-art reverse osmosis water filtration system that ensures the purity of water used in nutrient solutions. Additionally, the facility boasts a Mobius M108S Trimmer for precise trimming of cannabis flowers, ensuring high-quality product preparation. Security and compliance are paramount, with an integrated UniFi by Ubiquiti system providing comprehensive camera monitoring and door access control, ensuring a secure and regulated operation. This facility represents a turnkey solution for those looking to enter or expand in the cannabis industry, with cutting-edge technology and infrastructure already in place. The current owners have laid a strong foundation for success, making this an ideal investment for a forward-thinking entrepreneur or company looking to capitalize on Mississippi’s growing medical cannabis market.
Size:
10,000 Sq. Ft.
Lot Size:
2.5 Acres
Utilities:
Electricity, City Water
Terms :
Financing:
Cash, Owner Financing
NDA Required:
Yes
Support & Training Offered:
The current ownership is committed to providing comprehensive support and training to the new owner(s). This includes a detailed handover period where the current management will share their in-depth knowledge and insights into the operations, market dynamics, and regulatory environment specific to the cannabis industry in Mississippi. Details of the Support & Training Offered: Transition Support: The seller team is prepared to provide the new owner with 3-6 months of orderly turnover support at industry-standard pay rates. This period is designed to facilitate a smooth transition of knowledge and operational control, ensuring that the new owner is fully equipped to take over the business operations effectively. Extended Consulting Availability: Additional training or consulting services are available beyond the initial transition period if required by the new owner. This extended support can be tailored to the specific needs of the new owner, providing flexibility and continued assistance as they acclimate to their new role. Operational Training: Comprehensive training will cover all aspects of the business operations, including cultivation techniques, product development, compliance with state regulations, and financial management. The current management's expertise in these areas will be fully transferred to ensure the new owner is well-prepared to maintain and grow the business. Staff Retention: The existing team, known for their dedication and industry knowledge, is expected to stay with the business, providing continuity and stability. The new owner will benefit from the retained experience of the team, which supports a smooth transition and ongoing operational success.
Reason for Selling:
The current owners are seeking to transition the business due to undercapitalization. While the company has successfully navigated the early stages of market entry and established a strong presence, it requires a more robust capital structure to continue scaling operations and fully capitalize on upcoming market opportunities, including potential expansion into recreational cannabis and edibles.
Company Overview :
Description :

Duran Advisors presents this Medical Cannabis Cultivation Operation For Sale in Mississippi. The company is renowned for its premium cannabis products, which makes it a preferred supplier for many dispensaries. It holds a significant market share in a rapidly growing medical cannabis market, with products distributed to a large number of dispensaries across the state. The cultivation facility is equipped with advanced technology and efficient operational processes, ensuring high-quality output and scalability. With increasing patient counts and potential legislative changes, the market is projected to grow significantly, providing substantial upside for the new owner.

The current owners seek to sell due to capital constraints, but the existing owners are committed to ensuring a smooth transition. Key management is willing to continue growing the business with a new owner. The non-essential owners are also willing to provide support during the handover period to maintain operational continuity and client relationships. The business is managed by a team of seasoned professionals with extensive experience in cannabis cultivation, sales, and operations. 

While the business boasts consistent revenue from a diversified customer base of dispensaries throughout Mississippi, it requires additional working capital to fully realize its growth potential to expand production and marketing efforts. There is significant potential for expansion into the edible market and future recreational sales, providing a substantial growth trajectory for the new owner. 

This opportunity is ideal for an investor or company looking to enter or expand in the burgeoning cannabis industry. The buyer should have the necessary capital to invest in growth initiatives and the capability to scale the business to its full potential. Between working capital and expansion plans within the first year, a buyer should have at least one million liquid beyond the sale price.

The business resides in a ~10,000+ square foot facility on 2.5 acres of land with ample room to expand. The property, recently valued at $1,000,000, is being sold with the business.

A Matterport 3-D Virtual Reality scan of the entire premises is available for fully disclosed buyers, as is a 50+ page Confidential Information Memo (CIM).

Once properly capitalized, current monthly sales should immediately increase to $100,000 per month because of unmet demand from dispensaries. Future revenue for the facility will reach capacity between $5-7 million per year, depending on product mix and efficiency.

This is a structured sale with the following schedule:
7/19 Question Submission Deadline
7/26 LOI Submission Deadline
8/30 Due Diligence End & Close (time may be extended for financing)

Meet the owners, visit the site, and see this turnkey opportunity!

For serious inquiries, please call the listing broker, Joel F. Duran, CM&AA®, CM&AP®, CEPA®, CMSBB®, at (504) 313-1038. The Real Estate broker for this listing is John Sanderford, and he can be reached at (504) 321-0196.

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