FIRE SALE Cultivation, Manufacturing, and Distribution Business For Sale (North Hollywood, California) #882

This is a great opportunity for a public or private company that is looking for a cannabis business that includes Cultivation, Manufacturing and Distribution in the North Hollywood area! With these licenses you could grow, manufacture, process, package and distribute cannabis products. 

The current owner has Provisional licenses in hand from the Department of Cannabis Control, representing a greater value! The facility that the licenses are held at is 20,000 SqFt, currently only utilizing 13,800 SqFt. Along with 4,000 SqFt in Canopy Cultivation (Limit is 10,000 SqFt), 800 SqFt in Manufacturing, 900 SqFt in Distribution and 2,000 SqFt of Veg and Nursery are all included in the facility. $2 Million has already been invested by the current owner in the buildout and equipment that is included in the sale. The owner was able to obtain a great lease with a rental payment of $58,000/Month, AND the landlord is willing to negotiate the rent with the new owner. This is an excellent opportunity for someone looking to expand their footprint or business in the North Hollywood 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.

Details:

• Space: 20k SqFt (13,800 SqFt currently being utilized) 
  • 5000 SqFt- Storage Space (Can be added to the license at any time)
  • 4000 SqFt- Canopy Cultivation 
  • 800 SqFt- Manufacturing Type 6 
  • 900 SqFt- Distribution  
  • 2000 SqFt-Veg & Nursery 
• Rent: $58,000.00 (Landlord open to Negotiating)
• Parking Spaces: 19
• Equipment & Buildout Investment: $2M
• Lights: 148 (Could be expanded to 220)
• State License Type: Provisional
• 6 Flower rooms with Dosatran feeding system
• 3 Veg rooms and Nursery room
• License Types: Cultivation, Manufacturing, Distribution

Equipment List: 

• Power: Just upgraded to 800 Amps (3 Phase 4 wires)
• Fully surrounded with 12’ fence with an electric gate
• 48 Camera security system (Fob system for entry)
• 24h Climate controlled dry room
• 3 Plate 20 ton press, Freeze dryer washing machines
• 2 Large safes and cages up to code
• Packing equipment for retail products

Licenses:

• Cultivation: 10k SqFt Canopy 
• Manufacturing Type 6 Non- Volatile: Extraction using a mechanical method or non-volatile solvent such as CO2, ethanol, water, or food-grade dry ice, cooking oils, or butter.
• Distribution: Distributor licensees are responsible for transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all the packaging and labeling requirements. Distributor transport licenses allow for the transport of cannabis goods between licensed cultivators, manufacturers, and distributors.

Asking Price: $999k

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

Drew Mathews, DRE CA LIC# 02091143

If you have any questions call Drew (619) 653-0483 or Eric (858) 245-6324

Email: ceo@glbgroupinc.com or eespinoza@glbgroupinc.com

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