Enter the Oklahoma market with this Fully Vertical Cannabis operation. Direct to consumer locations increase the return price per gram compared to wholesale, significantly increasing net margins!
The business includes 3 Retail Storefront licenses, 1 Cultivation license and 1 Processing license. One of the Retail storefronts is fully operational with the second ready to launch soon and the third license will just need to be moved to a new location. The Cultivation operation sits on a 5 acre lot in a stand-alone 15,000 Sq Ft state-of-the-art facility. This property has a valuation of $700k. The lot space allows for Greenhouse and Outdoor supplemental production. The cultivation facility is outfitted with an onsite drying room, full security, and licensed processing. The sale includes the real estate for the Cultivation/Processing facility.
In May 2022, Oklahoma Gov. Kevin Stitt signed into law a pause on medical cannabis licensing in the state. The new law implements a two-year moratorium on medical cannabis licensing, prohibiting regulators from issuing new cultivation, processing and retail licenses from August 2022 to August 2024.
- Licenses: (3) Retail Storefront, (1) Cultivation, (1) Processing
- Real Estate included for Cultivation/Processing facility
- Real Estate alone is valued at $700k
- 5 Acres
- Standalone 15,000 Sq Ft Building
- Recent power upgrade to 1600 Amps ($140k value)
- Automated Irrigation system
- 120 lights
- Operation can be run with 3 person staff
- Can add another 200-250 lights
- All equipment & TI’s Included
- Brand and Book of Business included
- $3M Gross revenues from 2020-2022
- Overhead costs: $20-30k to run the company yearly
- Leases: All are 1 year with a 5-year option
- $1,000/mo each location
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: $2,000,000.00 (Seller Open to Offers)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.
Green Life Business Group, Inc DRE CA LIC# 02061374
Yesenia Jimenez, DRE CA LIC#02073168
If you have any questions call Yesenia (619) 433-5773
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business.
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All listings included in this section are represented by locally licensed real estate brokers where necessary. This listing is represented by a Local Broker via the Green Life Business Group National Affiliate Program.