Amazing opportunity to not only acquire a fully operational Indoor Cultivation & Distribution business in North Hollywood, but also the Real Estate! Currently operational the business generated $2 million in gross revenues for 2023 from the Cultivation & Distribution. With further potential for growth by expanding cultivation into the second floor to maximize the 5,000 square foot canopy license. There are 132 LED lights already in place, the infrastructure is primed for expansion. The owner has a Delivery license but it is not in use. 

Producing approximately 60 pounds of flower per month, the business demonstrates consistent productivity. The sale encompasses not only the business assets but also licenses and a loyal customer base, representing substantial value for prospective buyers. The current owner is also offering 30 days of training post-transaction to facilitate a smooth transition for the new owner. This opportunity affords investors entry or expansion into the lucrative cannabis market, promising significant returns and long-term viability in a thriving industry landscape.

This is an excellent opportunity for someone looking to expand their footprint or business in the Los Angeles Cannabis Market while also taking advantage of the nearby major markets, or for someone new to the industry!

Details: 

Total Space: 3,933 SqFt (1st Floor 1k SqFt, 2nd Floor 1.9k SqFt)
Power: 480 Amps 3 Phase 
Real Estate Value: $2M
POS System: METRC
Cultivation: Double Stack
Lights: 132 LED (120 FLWR & 12 VEG)
Types of Light: LED
Ceiling Height: 12 Ft
Vertically Stacked 
Grow Could be Expanded
Parking: Secured Lot w/ Metal Fence
Includes Distribution Book of Business
2023 Gross Revenues: $1.4M
Employees: 6 
Training Provided by Owner: 30 Days
Licenses:

Cultivation: Specialty Indoor 501-5,000 SqFt of Canopy Space
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.
Retail Non Storefront: Sells and delivers cannabis goods to customers. A Retailer (Non-Storefront) must have licensed premises, but it is not open to the public. 

Asking Price: $2,900,000.00 (Seller Open to Offers w/ $2M Down) 

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

Yesenia Jimenez, DRE LIC CA# 02073168

If you have any questions Call Yesenia at (858) 633-3013

Or Email : asm@glbgroupinc.com

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