Listing ID : 435219
Listed On December 30, 2023 236
Listing Updated August 5, 2024
Great opportunity to acquire one of the approximately 32 remaining “Legacy Licenses” in New Mexico, which allow (a) Full production of maximum allowable plant count, (b) Unlimited retail sites, (c)State wide delivery license and (d) In house extraction and manufacturing. This fully integrated cannabis company has three well located retail sites and is working to open additional sites near the Texas border. Demand for its wholesale flower from other operators is high. Seller has an indoor cultivation facility and a processes concentrates and other products.Facilities include (a) a 15,000 sq. ft. Indoor Cultivation and Processing Facility with 11,000 sq. ft. of grow, curing, processing facilities and (b) 3 well located dispensaries, each with at least 1500 sq. ft. of retail space. The retail dispensary locations are leased but real estate for the cultivation and processing facility is available for lease or purchase from the third party owner at market. This privately owned company, with no debt, has reinvested all of its profit to date on expansion and remodeling of its cultivation, manufacturing and retail facilities and brand development in. Coupled with the expansion of the retail stores, a buyer could grow its presence the New Mexico cannabis market. The New Mexico recreational market opened to the general adult population on April 1, 2022 and has been a great success. In addition to customers who reside in New Mexico, customers from Texas purchase heavily from New Mexico dispensaries located near the border of New Mexico. New Mexico has over 34 million tourists annually. Seller is amenable to seller financing for a portion of the purchase price. NDA and POF required.
26.9 Acres Divisible into 12 Acres and 14.9 Acres – Available Together or Separately Explore the potential of this expansive 26.9-acre property,
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Cannabis & Hemp Banking
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