Los Angeles City Cultivation Medium Grow, Manufacturing Level 1, and Distribution

CannaMLS ID: 4524
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Pricing Details

Full Buy Out Price:
$800,000
Buy In Price:
$50,000
Ownership Percentage:
49 %

Property Details

License Is Movable:
Yes
Real Estate Is Included:
No
Has Buy-in Option:
Yes

BMC GENETICS, Los Angeles City Phase 2, Cultivation Medium Grow, Manufacturing Level 1, Distribution. Tier 1 Qualified Social Equity Candidate.  Willing to partner up or sell.  Let's discuss terms.

Ability to CEO, Merge all staff, and/or pick an area to help the team, where ever I am needed.  (Years of Cannabis experience)

Los Angeles City Phase 2 Adult-Use and Medical Local Authorization for Cultivation Medium Grow (10,000 Sq./Ft. - 22,000 Sq./Ft.)

Los Angeles City Phase 2 Adult-Use and Medical Local Authorization for Non-Volatile Manufacturing Level 1

Los Angeles City Phase 2 Adult-Use and Medical Local Authorization for Distribution

Licenses can be moved to a new location in Los Angeles Central North Planning Area, zoned M1, M2, M3, MR1, MR2

Investors and the Social Equity Candidate, myself, need to go through the pre-application modification process with the City of Los Angeles. Then the Temporary Process with the City of Los Angeles and the State of California to be deemed operational.

 

Price: $1

Listing Status: For Sale

Details

Date Listed For Sale: 12/11/2020
License Type: Cultivation Medium, Manufact Level 1, Distribution

Location: Los Angeles, California 90001

Recreational: Yes
Medicinal: Yes

Listing Type

  • Cultivation
  • Manufacturing
  • Distribution



 

 

Cannabis Business Loans & Finance

 

 

 

 

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Terms And Options

LADCR has emailed me and stated that BMC GENETICS has to submit the Modification, no later than February 5, 2021 at 12:00pm.  This deadline is contingent on finding a building in Los Angeles City Central North, in which very few properties may be available.  I do have some commercial Real Estate Agents looking now.

Do not like, but open to buyout negotiations, if and only if, LADCR will approve your contracts, the investor and the deal.

At 49% investor, Jadili Johnson would need $50,000 released at documentation signing, and Investor would need to have the money for the Lease or purchase of the facility ($2M to $4 Million) and pay the $12,000 for each license, totaling about $36,000. Jadili Johnson would be CEO, willing to merge staff. (Must be diligently making progress deadlines, for BMC GENETICS to be profitable as soon as possible)

At 67% investor, Jadili Johnson would need $50,000 released at documentation signing. Another $100,000 would need to be released within 3 business calendar days after, LADCR approves Pre-Application Modification. Investor would need to have the money for the Lease or purchase of the facility, money to buildout facility ($2M to $4 Million) and pay the $12,000 for each license, totaling about $36,000. Investor would have option to be CEO, and pick  and/or merge staff. (Must be diligently making progress deadlines, for BMC GENETICS to be profitable as soon as possible)