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.
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: email@example.com or firstname.lastname@example.org
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.