Listing ID : 425914
Posted on December 18, 2023 15
These two cannabis and hemp testing laboratories serve customers throughout California using state-of-the-art equipment to provide the highest level of customer satisfaction while maintaining compliance with state regulations. They are ISO 17025:2017 accredited with current State and Local licenses.
The owners have created an excellent culture and have a seasoned staff with key employees expected to stay on after the transition. Owners are willing to stay on for however long is needed to ensure a smooth transition for clients, staff, and new ownership.
Testing services provided by the laboratory include but are not limited to –
• Residual Solvents
• Heavy Metals
• Water Activity
In 2021 and 2022, the company experienced more than 50% growth in revenue. The low overhead in comparison to peers and below-market rent offer an attractive investment opportunity for a buyer looking to enter the cannabis testing industry. The labs are profitable and trending for additional growth in 2023.
There is a significant growth opportunity when CBD becomes regulated for testing similarly to cannabis, and this lab is poised to capitalize on this opportunity. They are ready for Psychedelic testing once legislation for testing methods/standards is passed in California. This is your opportunity to step into a business that has laid the foundation to be successful in a booming industry.
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