Posted on July 12, 2022 / 151Listing ID: 426127APPLY FOR A BUSINESS LOAN
Cannabis & Hemp Insurance
Price : $2,000,000
Status : ACTIVE
Lot Size (Acres) : 3
Cannabis or Hemp Use Allowed? : Cannabis
Company Name : Surific Farms, Inc.
Phone : 8316012439

Unique opportunity to acquire the largest approved cultivation and vertically-integrated Cannabis operation in SLO County. The business utilizes 3 acres of mixed-light hoop houses and a 4,000 sq. ft. building licensed for Manufacturing, Processing, and Non-Storefront Retail.

The business is the current license holder for 6 cultivation licenses, a delivery retail license, a manufacturing license, and a processing license. Both a Nursery and Full Distribution License have been approved and are awaiting activation. An additional 5 Cultivation Licenses have been approved and are in the application process, totaling 110,000 sq. ft. of cultivation approved. There are existing plans for building a one-acre cultivation greenhouse that has already been permitted by local jurisdiction.

In 2021, the company used 60,000 sq. ft. of cultivation to produce 3,500 lbs. of flower. The nursery operation currently produces around 3,000 clones per week with room to improve. 

The climate in Paso Robles is perfect for Cannabis cultivation. The same elements that make the area great for cultivating grapes are required for cultivating great cannabis. Hot, dry summers, cool coastal influences, significant diurnal temperature shifts, and breezy hills are a recipe for growing the state’s greatest cannabis flowers. This central coast location also makes the company well-positioned to supply across California. 

Active Licenses:

Cultivation: 60,000 sq. ft. (6 licenses)

Retail: Non-Storefront Retail License (very few in the area)

Manufacturing: Type 6 (Non-volatile Manufacturing)

Processing: Dry, cure, trim, package, label

Distribution: Type 13 Transport-only Distro License (Full Distribution License applied for)

Lease: 10 years (9 years left)

2021 Revenue: $2M

2022 Revenue (Jan-June): $500k

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Cannabis & Hemp Banking
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