Element 7 California Cannabis Retail Portfolio For Sale By Way of Receivership Zoom Auction Date JUNE 30TH (California) #1763

This is being sold by way of Court Ordered Receivership and is subject to Court confirmation.

All assets sold from the Receivership Estate are done so free and clear of all liens. 

This includes all City and State Taxes. 

Zoom Auction @11am Date June 30th!!!

Open Bid for Auction $25,000.00

The preferred sale of this Portfolio is a Global Auction offer for all of the assets, however the Receivership will entertain offers for the individual assets as well. This is your chance to submit offers on individual assets.

Certain Element 7’s California cannabis assets are now available for acquisition via court-ordered receivership, presenting a rare opportunity to secure a multi-location, lease-secured portfolio in key statewide markets. This court-supervised sale includes five sites located in Marina, Rio Dell, South San Francisco, Oakland, and Firebaugh, offering diverse functionality from retail and distribution to warehousing.

In Marina, a 5,000 sq. ft. commercial facility is leased through July 2030 at $10,102/month, with potential for additional leased space under separate terms. Rio Dell offers a compact 940 sq. ft. footprint at just $2,313.92/month through March 2031, ideal for boutique operations in Humboldt County. South San Francisco includes a 1,949 sq. ft. warehouse and adjacent 36,000 sq. ft. lot, positioned for hybrid retail/distribution use with a five-year renewal option pending documentation. Oakland’s 2,250 sq. ft. site offers high visibility and dense foot traffic, leased at $6,936/month through June 2027. Firebaugh includes a .33-acre agricultural lot leased through April 2026 at $5,908.92/month, offering flexible development potential.

With a combined operational footprint exceeding 43,000+ sq. ft. (excluding land), this offering is ideal for MSOs or independent operators seeking expansion, consolidation, or vertical integration. Call for Offers is due June 30th. Don’t miss this unique acquisition opportunity limited in today’s California cannabis landscape.

The Rio Dell asset is closing its doors this week and removing all inventory and South San Francisco opportunity will be a license sale only. Oakland and Marina are not 100% owned by the receivership and will be working with the owners to determine a path forward for those sales whether they want to buy the receiver out or if they are interested in putting in their ownership to sell their shares.

Auction Participation Terms:

Interested parties must submit a $25,000 deposit to participate in the auction for each individual store. To be eligible, participants must complete the following:

• Wire the $25,000 participation deposit
  
• Sign and return the Auction Rules & Participation Agreement
  
• Provide verifiable Proof of Funds
  
• Demonstrate credibility to qualify for a Management Services Agreement (MSA), should you wish to manage the store during the state license transfer
  
• The auction will be over ZOOM @11am on Monday not on site at the locations.

Winning Bidders:
If you win the auction, you will have 24 hours to submit the remaining purchase funds. Failure to do so will result in the forfeiture of your $25,000 deposit.

MSA Requirement:
In the event of a management agreement during license transfer, the MSA will include a $100,000.00 deposit to cover any potential tax liabilities or damages.

Details: 

Marina, CA (SOLD $225k)

• Total Space: 5,000 Sq Ft  
• Local Authorization: Conditional Use Permit
• Current Use/State License Type: Cannabis Storefront Retail
• 2025 Gross Revenue’s Per Month: $101K
• Rent: $10,102 / Month  
• Lease Expiration: July 14, 2030  
• Security Deposit: $5,000  
• Subletting: Not permitted without written landlord approval 
• Notes: Full unit lease

Rio Dell, CA (SOLD $65k)

• Total Space: 940 Sq Ft
• Local Authorization: Conditional Use Permit
• Current Use/State License Type: Cannabis Storefront Retail
• Other Potential Use Type: Boutique Retail or Small Office
• Rent: $2,313.92 / Month   
• Lease Expiration: March 31, 2031   
• Security Deposit: $5,000   
• Fully Built Out & Turnkey
• Subletting: Not permitted without written landlord approval
• Notes: Long-term lease; ideal for rural retail or satellite operation;Landlord mat consider selling the building

Oakland, CA (SOLD $265k)

• Total Space: 2,250 Sq Ft
• Local Authorization: Special Activity Permit
• Current Use/License Type: Equity Cannabis Storefront Retail
• 2025 Gross Revenue Per Month: $93K
• Rent: $7,469.00 /Month
• Lease Expiration: June 30, 2027
• Security Deposit: $7,000
• Subletting: Not permitted without written landlord approval
• Notes: Strong retail market; high-traffic East Bay location

Opening Bid: $25,000.00 PER LICENSE (Required $25k Deposit in Advance to Participate)

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

Green Life Business Group®, Inc DRE CA LIC# 02061374

Drew Mathews, DRE LIC CA# 02091143

If you have any questions Call Drew at (619) 653-0483

Or Email : ceo@glbgroupinc.com

Green Life Business Group® Inc. we are here to both help you sell or buy a cannabis business opportunity.

Disclaimer: The content of this listing is based solely on information provided by the seller to Green Life Business Group®, Inc. Green Life Business Group®, Inc has not independently verified or confirmed the accuracy, completeness, or reliability of any such information and makes no representation or warranty, express or implied, regarding it. Any party relying on the description or other listing information should conduct its own independent due diligence and verification.