We were recently awarded a micro-license in Placerville, CA. Great time to get in, build-out hasn't started yet. What's really, really cool about this is that it will be a fully integrated company named Reserve House. Seed to sale on ONE parcel baby! It’ll have retail, delivery, cultivation, manufacturing, distribution, nursery, and an edibles kitchen. This opportunity is perfect for an existing company that wants to expand and cut-out any middlemen or it'd be great for a celebrity to sell cannabis products in their own brand.
The asking price for this opportunity is $5M for 50% equity. You'd be the largest shareholder. The original license applicant, Jeremy is required by the city to maintain a minimum of 20% ownership. He’s a master gardner/botinist and produces an exceptional product. Everyone brags that they're the best but he will gladly prove it to you!
The $5M includes the property. We have an LOI from the current owner to sell it to us for $1M. The property is 1.4 acres. The location is Placerville, CA 95667. Travelers heading to Lake Tahoe, CA will TOTALLY stop in Placerville for their cannabis products. It's right off the freeway. Placerville is at the foot of the Sierra Nevada mountains and it's beautiful and quite an adorable town. Good vibes. This is recreational. Annual is revenue: $20M/year I will send you detailed proformas & architectural plans.
Want a team? We've got a trusted and vetted team ready to work including growers, dispensary workers, chocolatiers, sales, marketing/biz dev (yours truly), manufacturing, delivery manager & key executives.
We've put in a lot of blood, sweat, and tears to get to this point. We'd really LOVE to see this go to an awesome investor that wants a seamless seed to sale cannabis company that actually cares about creating something magnificent that we're all proud of.
Principals are so important these days.
- Let's all operate with honesty, great communication, balance, and understanding.
- Let's produce high quality, beautiful products that we're all proud of.
- Let's ensure our investors are happy and team members are well-taken care of.
- Let's make dope sh*t happen.
HERE is a deck with more deets.