7 ACRE OUTDOOR GROW
The “Company”) is a legal Tier 3 producer/processor of recreational cannabis in Washington state. Tier 3 License is the most valuable license for commercial marijuana producing/processor in the state of Washington. The Company has been incorporated since September 2014 and its license has been approved and active since August 2016. THE COMPANY'S Properties, LLC have agreed to do a joint venture on the existing 17 acres of commercial/industrial real estate in Stevens County, Washington that Wildfire has actively utilized for its operations since inception.
The Company has expansion plans for both the facility and business. The property has an enterprise value of $6.2m and the joint venture with COMPANY will effectively reduce by half the current facility costs for the Company. We are looking to maximize a bridge loan against the value of real estate and licenses which includes the purchase of the equipment, property development funds, and business development money – all secured by the property and the licenses (owners are willing to subordinate under this arrangement).
Conversely, the combined entities estimated value for the business, property, licenses and all assets is $10,000,000 + in value.
The property includes:
* ~14 acre parcel (Lot line adjustment required prior to close)
* 3 acres of open space, plus buildable areas on approved SEPA.
* Property can support over 100,000 sq ft of grow canopy operations
* Retail operation ready to move in when Tenant Improvements complete * 90,000 sq ft of new buildings approved
* Plans for 8,000 sq ft commercial kitchen ready for submission
Additionally, the Company’s Processor license (which includes a permit and license for CO2 extraction of oil) allows for processing, packaging, and labeling usable marijuana and marijuana-infused products for sale at wholesale to marijuana retailers. The Company is allowed to blend tested useable marijuana from multiple lots into a single package for sale to a marijuana retail licensee providing the label requirements for
each lot used in the blend are met and the percentage by weight of each lot is also included on the label.