The project and terms are simple. We have secured permitting for medical and recreational cannabis permissions by the City of Adelanto, CA in 2 buildings totaling 37,000 SF (90 miles northeast of Los Angeles). We have ample power and water service onsite at the building.
We are offering qualified parties 100% ownership of a volatile/non-volatile extraction and infusions (manufacturing) permit, cultivation permit, and distribution permit, in 37,000 SF of these buildings in exchange for $250,000 total (all filing/transfer fees included. The lease rate is $2.15 on the 38,000 SF per month.
We are on a tight deadline to transfer operating approvals issued by the state before year end. After this year we will no longer be able to get immediate state approvals which are necessary to commence operations. As a result, we will need to file the necessary paperwork with the city by December 31st with new ownership so we can file with the state by December 31st as well. Thus we have a drop dead date of December 29th for this opportunity.
About the Business
Number of Employees:
Building Sq. Ft.:
Cannabis Adult-Use and Medical Manufacturing and Distribution license along with a 5-year lease with two 5-year option periods thereafter on 38,000 SF
Superior City tax treatment for this business along with a multi-billion dollar industry make this business a winner for experienced operators and novices alike.
About the Sale
We will manage for absentee owners at 20% of net income from operations