Operating Type 7 Cannabis Manufacturer in the Adelanto Green Zone, that produces high grade shatter, crumble, sauce and diamonds. The facility produces its own brand and white labels for customers. Sales are principally to dispensaries. Projected gross revenue for 2023 is expected to exceed $1.8 million. Monthly rent of $21,975 NNN will drop to $9,600 NNN in January 2024. Lease at $21,975 NNN per month, expires 10-2027. Rent is decreasing to $9,600 NNN per month in January 2024. One 5 year option to extend the lease. 200 Amp 3 Phase power and City water and sewer. 15 parking spots plus street parking. Equipment includes a C1D1 Booth, Bhogart extraction system – 24″ horizontal with an 8 tube rack/PX1 Closed Loop, Corken pump, label printer, chiller, vacuum ovens, refrigerator, freezer and work tables. This market segment is highly fragmented. Many small operators have left the business with more fall out likely through the end of 2023. Many medium sized manufacturers are still seeking to establish the reliable customer base and operational efficiencies that Seller has already achieved. A second shift and/or additional extraction equipment could double capacity. Seller is adding equipment and processes to increase post-extraction efficiencies. A distribution license could be added and easily accommodated. Seller is amenable to seller financing for a portion of the purchase price. NDA and POF required.
