Founded in 2013, this resilient farm has withstood a number of downturns in the market for cannabis by producing high-quality sun-grown cannabis at a low-cost and developing a loyal following of customers. The farm has recently opened many new retail store accounts expanding their footprint and is well positioned to survive the next round of industry consolidation.
The farm is a very well-equipped sun-powered grow with multiple greenhouses, light deprivation hoop-houses, a tractor, irrigation system, pollinator, fertigation truck and ample HVAC equipment on a 35-acre parcel with a 3000 square foot farmhouse. Portions of the 35-acre parcel could likely be subdivided and sold to recoup a large portion of the invested capital or kept for expansion once licensing restrictions loosen up.
A number of small investments could take the farm to the next level. For example, improved packaging could increase margins and covering the unfinished greenhouses could enable year-round harvesting.
Inventory levels vary throughout the year, thus inventory is not included in the asking price.