This cannabis company is a leading provider known for its commitment to quality and innovation in the industry. The brand offers a diverse range of products, including premium flower, pre-rolls, vape, edibles, syrups and concentrates, all crafted with meticulous attention to detail and using sustainable practices. The company has established a strong market presence through its dedication to customer satisfaction, rigorous quality control, and a mission to provide safe, reliable, and enjoyable cannabis experiences.
- Asking Price:
- $13,500,000
- Sales Revenue:
- $12,800,000
- Cash Flow:
- $225,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$17,100 per annum
- Premises Details:
-
This 18k square foot location leases for $17,100 per month (at $0.95/per square foot), on a secure lease that ends in 2024 with one 5-year option. All of the company’s furniture, fixtures, equipment, goodwill and manufacturing and distribution license are included in this sale.
- Size in square feet:
- 18,000
Business Operation
- Expansion Potential:
-
As more states embrace cannabis, the market is poised for continued expansion, which will offer additional opportunities for revenue generation and market growth. The company's focus on innovation, quality, and sustainable practices ideally positions it to capitalize on this growth.
- Competition / Market:
-
This is a highly competition marketplace given the extraordinary growth the California marketplace has experienced. Remaining on top of the market is not only a function of possessing superior product, but perhaps more important, a solid marketing team. Regulatory challenges include access to banking and credit facilities, while continued research and development investment is necessary to remain ahead.
- Reasons for selling:
-
Personal
- Years established:
- 2019
Other Information
- Furniture / Fixtures value:
- $689,000
- Inventory / Stock value:
- $750,000
