Very unique opportunity to acquire a fully licensed and operational Manufacturing Type 7 (Annual) business in Arcata, CA (Pop +19k). The facility that the licenses are held at is 1,600 SqFt, and the current owner has until December 2023 left on the lease, with a 3YR option. The current owner has Annual and both local and state approvals in hand from the Department of Cannabis Control, representing a higher value!
The new owner will take over both the license and the leasehold with a monthly rent of $4,280/month. The building is also zoned for other uses which the new owner could apply for. The license in hand is for Manufacturing Type 7, known as Volatile extraction. Because so many cities restrict its use, these licenses are difficult to obtain; however, volatile extraction is the most efficient and quick method of extracting cannabis. This is an excellent opportunity for someone looking to expand their footprint or business in the Arcata Cannabis Market while also taking advantage of the nearby major markets, or for someone new to the industry !
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.
Equipment Included in the Asking Price:
Asking Price: $299,000.00 (Seller Open to Offers)
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
Tom Milks, DRE LIC CA #02064305
If you have any questions call Tom (619) 972-5952
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.