Posted on February 23, 2022 / 370Listing ID: 352972APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $5,000,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : (619) 433-5773

Great opportunity to acquire a turnkey operational cannabis storefront and cultivation business in the highly desired city of Prudenville, Michigan. This is an Michigan-licensed, full-service recreational cannabis retail and medical cultivation that is currently generating revenue. The current owner is in the process of renewing the PC License as well as obtaining an additional 1k plant Recreational Grower License. The dispensary has already established a loyal clientele of customers and patients. Prudenville Michigan is known to be the number one vacation destination in Michigan. This opportunity includes all licenses, equipment and Real Estate. 

 

This is a great opportunity for someone who is looking to target a major cannabis market in Michigan, a Multi-State Operator looking to expand their footprint in the industry, or someone who is looking to enter the industry and acquire a turnkey business. 

 

Cannabis Businesses were labeled as essential businesses in March of 2020, meaning that the Department of Public Health clarified that Cannabis has medical uses, allowing all cannabis businesses to remain open.

 

Details: 

  • Total Space: 8,000 sq. ft.

  • Retail Space: 3,200 sq. ft.

  • Grow Space: 4,780 sq. ft.

  • 2021 Gross Sales: $3.9M 

  • 2022 Q1 Gross: $870k (3.5x greater than 2021 Q1 sales!!)

  • The grow facility recently completed two harvests and is getting a great response on the market.

  • Employees: 9

  • Recreational and Medicinal 

  • In process of obtaining additional Recreational 1k plant grower license

  • Licensed both at Local and State Level 

  • Real Estate is included!

 

 

Licensing: 

 

Provisioning Center (PC): New Michigan legislation set up a framework for the licensing and operating of medical marijuana dispensaries, which Michigan refers to as “provisioning centers,” along with adult-use retail stores. It was announced that for the first 24 months, applications would only be accepted from currently licensed medical marijuana operators.

Class A Grower: While there is already a Class A grower category in the medical market, this recreational license is slightly different. It will allow the small grower — one growing up to 100 plants — to get into the market for a $4,000 license fee, allowing the caregivers who have been supplying medical marijuana to patients to enter the market more easily. This marijuana — seeds, small and large mature plants — can be sold to retail pot shops and processors, but owners can apply for only one grow license.

 

Asking Price: $5,000,000.00 (Seller Open To Offers)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released. This listing is Fully Exclusive only by Green Life Business Group, Inc.

Elijah Simkins, MI LIC #P83975

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

 

Or Email : nationwide@glbgroupinc.com

Unique Joint Venture- Licensed CA Premium Cannabis Brand Seeking Partners
A rare opportunity to partner with an experienced industry executive on a new venture poised to launch.  Licensed, meticulously constructed, and focused on operating a financially prudent organic cannabis brand.  VIEW LISTING
Contact Listing Owner
Cannabis & Hemp Banking
You May Also Like