Cannabis Cultivation Facility for sale in NY 10007

This is an excellent opportunity for someone looking to secure a state of the art Processing, Cultivation, and Distribution business in Ontario County, New York. The licenses are held on a 30 Acre lot, in a 19,000 SqFt geothermal powered state of the art facility with the potential to expand if desired. Established in February of 2019, the company has cultivated an impeccable reputation in the New York cannabis space. In 2023 the business generated $1.4M in gross revenue, and is on track to realize in excess of $3M in revenue by the end of May 2024. 

The location has received the town approval for 40,000 Sq Ft of indoor cultivation space, allowing the new owner to convert it into an indoor grow. Currently there are 11 employees running the operation, all of whom are willing to work under ownership. The sale would include everything that the company has, which includes all brands, licenses, real property, equipment, cannabis inventory, 200 kg of Distillate + CBD crude oil, etc. This business has several publicly recognized brands and has well cultivated relationships with retailers across the state of New York, two things that will allow a buyer to generate real income from day one. 

In addition, the third crop which is expected to yield approximately 5,000 lbs of Cannabis flower has been propagated and will be in the ground before a possible deal could close. Don’t miss this opportunity to acquire a key player in the industry!

Details:

Space: 30 Acres Lot Size (19,000 Sq Ft Geothermal Building, All Concrete)

Real Estate Value: $4.5M 

Equipment Cost: $2M

Zoned for 40,000 Sq Ft Indoor Cultivation

Capital Invested: $6M + Interest Owed 

3 Adult Use Cannabis Brands & Hemp Wellness Brand (CBD) Included, Currently In 85 Stores

Growing outdoors on 30 Acres

Have 350 Kilos of Distillate 

Have Bred 30 Unique Strains  

Parking Spaces: 20

2023 Gross Revenues: $1.4M

2024 Gross YTD: $3M

Asking Price: $25M (Seller Open to Offers with at least $15M Cash Deposit) 

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

Gordon Sattro, DRE CA LIC #02136011

If you have any questions call Gordon (858) 220-2185 

Email: gordon@glbgroupinc.com

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

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This listing is represented by (Local Broker) via the Green Life Business Group National Affiliate Program.