Business Description
This is being sold by way of court ordered receivership and is subject to court confirmation

Amazing opportunity to acquire Cultivation and Production Licenses in Clark County, Nevada where the cannabis industry is booming! The new owner will have to relocate and move the licenses to a new location for full ownership. There are no debts or liabilities on the licenses. The licenses need to be moved to a CCB approved facility. This is a pre-revenue opportunity, license only play. Licenses are approved for Medical and Adult use, representing a greater value! This is an excellent opportunity for someone looking to expand their footprint or business in the Clark County Cannabis Market while also taking advantage of the nearby major markets, or for someone new to the industry! The sale/transfer of the licenses are subject to the approvals of the Cannabis Compliance Board and the Nevada District Court.

Overbid Hearing

On Thursday, June 6, 2024 at 9:00 a.m. at the Nevada District Court, Regional Justice Center, Courtroom 16C, located at 200 Lewis Avenue, Las Vegas, NV, 89101, the Court in Case No. A-21-832709-B will conduct an overbid sale hearing for the four Nevada cannabis licenses listed below. 

Details:

Licenses: Med/Rec Cultivation & Production CE ID Number C162 (Med Cultivation)
CE ID Number RC162 (RE Cultivation)
CE ID Number P105 (MED Production)
CE ID Number RP105 (REC Production)
License needs to be Moved to a New Location in Clark County
The Receivership Estate will sell the licenses free and clear of creditor liens.

Licenses:

Cultivation – licensed to cultivate (grow), process, and package marijuana; to have marijuana tested by a testing facility; and to sell marijuana to retail marijuana stores, to marijuana product manufacturing facilities, and to other cultivation facilities, but not to consumers.
Product Manufacturing – licensed to purchase marijuana; manufacture, process, and package marijuana and marijuana products; and sell marijuana and marijuana products to other product manufacturing facilities and to retail marijuana stores, but not to consumers. Marijuana products include things like edibles, ointments, and tinctures. 

Asking: $399,000.00 

Overbidding

The first overbid for the licenses will be $449,000, with $10,000 bid increments thereafter until a winner is determined.

At least 2 business days before the overbid hearing, bidders must prequalify by providing a deposit of $40,975 (either via cashier’s check or wire transfer/ACH) and proof of funds. Bidders who are not the winning bidder will receive their $40,975 deposit back promptly following the hearing.

Prequalified overbidders can appear in person or via Zoom using the following information:

Zoom Link:  https://clarkcountycourts-us.zoom.us/j/82617258054?pwd=NFp0QlhQMVBWQm1ML21lZDlUOGpFdz09

Meeting ID:  826 1725 8054

Passcode: 843469

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. 

Green Life Business Group, Inc DRE CA LIC# 02061374

Elliot Cardenas, DRE CA LIC# 02138336

Drew Mathews, DRE CA LIC# 02091143

If you have any questions call Elliot (619) 770-2699 or Drew (619) 653-0483

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

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