PRIME investment opportunity to enter or expand operations in one of Southern California’s hottest cannabis markets. This is a passive investment opportunity to purchase a 10% equity stake in a fully licensed, full scale cannabis operation in a tier 1 market.
LOCATION: 10,000 sq. ft. property located centrally in the heart of Palm Springs with direct thoroughfare access. Less than a 10 minute drive from the international airport, downtown Palm Springs and Agua Caliente Casino & Resort. 5,000 sq. ft. free standing building, currently undergoing final renovations with an expected completion date of November 2020. Property includes an adjacent 5,000 sq, ft. parking lot with 40 or so parking spaces allowing seamless access to the property. Some high level property details:
TRIPLE licensed investment opportunity in Palm Springs, CA. Licenses include:
Operational licenses allow for direct distribution, circumventing micro level business taxes typically incurred by other dispensary/distribution operations. All licenses are held by ONE individual and will remain in original title through the term of the partnership.
Licensee is an industry veteran with over 20 years experience in the cannabis industry via diversified operations all over southern California. The final agreement will allow for various “buy out” periods or tranches, which will be agreed upon by both parties. This is a passive investment opportunity with no licensing or management rights. PROOF OF FUNDS will be required before disclosing various material facts including location, licensee information and financials. The property is currently in final stages of the licensing process with the city of Palm Springs, all agreements are subject to the final and complete acquisition of the three (3) operational licenses (consumption lounge, dispensary, distribution). In the unlikely event that the City of Palm Springs does not issue all three (3) licenses to the subject property and licensee, all investment funds will be returned and the agreement shall be null and void. Items that may be requested during the term of negotiations are as follows:
CONTACT INFORMATION: Please leave a voicemail if your preferred method of communication is phone. Please email any compiled list of questions you have to email@example.com. You are always free to TEXT 949-572-4629 to schedule a time to discuss the opportunity. Please keep in mind a proof of funds will be required of at least $350,000 before delving too deep into things.