1109Listing ID: 258941GET REAL ESTATE FINANCING
Cannabis & Hemp Insurance
Price : $9,900,000
Status : ACTIVE
Company Name : Green Life Business Group, Inc
Phone : 619-770-2699

Very unique opportunity to acquire a Top 10 Name Cannabis Vape Brand, Manufacturing Type 7 & Type 11 Distribution Business in Monterey California. This business was awarded the California Green Business Award and has continued to periodically double in sales from 2020. The business is fully operational and licensed both at the local and state level. The owner has licenses for Manufacturing Type 7 & Type 11 Distribution on the building.

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

Details:

  • Monterey, California
  • Total Space: 5,500 SqFt
  • Manufacturing Space: 4,500 SqFt, Distribution Space: 500 SqFt, Office Space: 500 SqFt
  • 2020 Gross Revenue: $6.2M, $1.3M YTD
  • Rent: $13K per month
  • Power: 1,200 amps (Upgraded 6 months ago)
  • 1 Roll Up Distribution Door
  • Building Height: 18′ on the sides, 20′ on center.
  • Employees: 14
  • Top 10 name brand
  • 2020: #7 Vape Brand, #3 category sales

Licenses:

  • Manufacturing Type 7 Volatile- With a Type 7 you can register your location for shared-use. Non-Volatile: Extraction using a mechanical method or non-volatile solvents such as CO2, ethanol, water, or food-grade dry ice, cooking oils, or butter. Type 7 Manufacturing License allows for all aspects of Cannabis Manufacturing, including Extraction w/ Volatile Solvents, i.e. LHE/BHO; and everything allowed w/ Type 6, Type N, and Type P Manufacturing Licenses.
  • Distribution Type 11- Distribution of cannabis products from manufacturer to dispensary. Distributors may also transport cannabis goods to and from all cannabis businesses: Manufacturers, Cultivators, Nurseries, Retailers, Distributors.

Asking Price: $9,900,000.00 (Seller Financing Available)

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

Elliot Cardenas, DRE CA LIC# 02138336

Email: elliot@glbgroupinc.com

If you have any questions call Elliot 619-770-2699

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