Listing ID : 425183
Posted on December 8, 2023 1
Great opportunity to acquire a Fully Turnkey Cultivation and Distribution opportunity in the now tax friendly city of Cathedral City. As the industry continues to fluctuate and taxes around the state may be high in specific counties and jurisdictions, the city of Cathedral City has opted to lower taxes and aid cannabis operators and stabilize the market. (Article LINK). This facility stands on an 8,500 Sq. Ft. space that is fully built out and has all licenses in hand. The current operators have invested $1.5M into the buildout alone and have a current canopy size of 5,000 Sq. Ft. Not only is this facility suited for Cultivation, it also has a Distribution license included in the asking price adding a greater value. Since the beginning of 2023, operators and MSO’s are now looking to target low tax zones and indoor cultivation as controlled climate is now high in demand as well as the ability to Distribute.
Space: 8,500 Sq. Ft.
Canopy Size: 5,000 Sq. Ft.
Power: 800 AMPS
Lease: $15K Per Month
Lease Terms: Lease Expires 12/31/27 (3 YR Option to Extend)
Total Lights: 112 flowering HPS Gavita DE (23 veg lights)
Has a dedicated Dry Room, Mom Room and Clone Room
$1.5M Invested into the buildout.
Cultivation: 5k Sq. Ft. Canopy
Distribution Type 11: Move cannabis and cannabis products between cultivation, manufacturing or distribution premises. Move finished cannabis goods to retail premises. Provide storage services to other licensees. Arrange for testing of cannabis goods. This license also allows the distribution facility to have a micro license capable of packaging space for all products (Type P) as well as a Delivery ability direct to consumer as well as a nursery/cultivation facility.
Asking Price: $800,000.00 (Seller Open to Offers)
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
Tom Milks, DRE LIC CA #02064305
If you have any questions Call Tom (619) 972-5952
Green Life Business Group Inc. we are here to both help you sell or buy a cannabis business opportunity.
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