Rare opportunity to acquire a Cannabis Processing Business in South Beach, Oregon. The location is conveniently close to downtown Newport, Oregon with a population of (+10k). Newport is known as a cannabis friendly town. The business is situated in a 2,400 SqFt facility with a 500 SqFt loft with a OLCC approved Processing Volatile license and can be run with a 3 person staff. Being licensed for volatile solvents, operators have the extract endorsement which allows for all gas methods such as propane, butane, blends, CO2.The facility passed inspections by the City and the Fire Marshall. The build-out includes a ventilation system, 2 bay doors, a foyer, office, backroom, product security room and a server room adding considerable value. The facility is licensed but currently not operational, the license renewal is not due until June of 2023. This opportunity would be an ideal acquisition for any Multi-State Operator or publicly traded company looking to expand their Processing footprint in Oregon or have a boutique Cannabis Processing business in Newport.
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.
Asking Price: $199,000.00
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.
Scott Hite, DRE LIC OR# 201218627
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