This is a secure cultivation operation that has a substantial production capacity and still has room to expand. This cultivation is located in Monterey County in the City of Salinas and has a canopy size of 140,000 sqft (3 Acres). The grow supports its operation with large-scale cannabis production, high quality flower, that can serve both recreational and medical customers.
The Real Estate is valued at $7.7mil and there has been $7mil allocated to the build out of the grow.
Current Operation: This business is Currently Producing 800 – 1000 lbs per month, utilizing 140,000 sqft to cultivate.
Projections: The grow also has the ability to increase an additional 40,000 sqft, making it a total 180,000 sqft (4 Acres) of Canopy space ! With all 180,000 sq ft of Canopy space utilized, the grow estimates a monthly production capability of 1500 lbs per Month, 18,000 lbs per Year, at a wholesale price of $1,000 per lb – $18,000,000 M per Year.
$7.7M (Appraised Value of the Real Estate)
$6.5M (Into the Build Out)
$5.7M Asking for the Business
$19.9M – Total Price
Full Absentee Operation
Asking Price: $19.9mil (Open to Seller Carry with a Minimum of 75% Down!)
Must sign an NDA/Waiver and have proof of financials before any other detailed information is released.