CannaMLS ID: 260447
Created | Updated
Price
$ 25,000,000
This turnkey state-of-the-art facility makes full use of 2 Tier 3 producer licenses with 60,000 sq ft of canopy within a 110,300 square foot production facility
Stock image generated by CannaMLS. Request listing photos from seller.
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture, Industrial
Monthly lease rate: $ 12,500
Lot size (acres): 7
Building size (sq ft): 120,000
This turnkey state-of-the-art facility makes full use of 2 Tier 3 producer licenses with 60,000 sq ft of canopy within a 110,300 square foot production facility to produce a wide range of high-quality cannabis products including a few celebrity brands. Production facilities are modern and extremely efficient allowing the company to produce some of the lowest cost-cannabis in the state. This efficiency advantage is expected to widen as the cost of inputs increases. Financials and production numbers show a strong trend of consistent growth year over year. The buildout for the second license is a blueprint that can be repeated with the acquisition of additional licenses and management expects that each such facility could yield a return on investment of approximately 100% per annum.
A recognizable and highly regarded brand along with a strong sales team with relationships with 100+ dispensaries across the state allows should inspire confidence for further expansion of production capacity for any acquirer.
The two plots housing the facility are owned by the business owners and can be acquired with the business, or the buyer can negotiate a new lease.
Stock image generated by CannaMLS. Request listing photos from seller.
Property is: For lease
The property may be available both for purchase or for lease. Contact listing author for details.
Property type: Agriculture, Industrial
Monthly lease rate: $ 12,500
Lot size (acres): 7
Building size (sq ft): 120,000