5 DISPENSARY VERTICAL (TULSA & OKC)

CannaMLS ID: 5332
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Price: $16,000,000


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution
Dispensary

License Status
Municipal / local license granted
State / annual license granted

Medical
YES


Price: $16,000,000

Listing Status: For Sale

We are one of the premier retail operators in the state with brand recognition, curb appeal, and class A real estate locations. Stores all have custom designed interiors, 35k+ traffic counts, loads of parking to support patient growth and freestanding buildings which range from 1,600 sf. to 3,200 sf. The two Tulsa locations, which opened late Q4 2019, had 2020 revenue of $3.2M and $2.0M. The OKC metro stores opened Q2 and Q3 2020 with annualized revenues of $1M & $850k. The store in the Tulsa suburbs opened 2/1/21 and is currently doing $180k/month. Stores are supported by 8,000 sf. processing center, which includes a certified extraction lab and state of the art edibles kitchen with automated high volume gummy, hard candy, and chocolate equipment. The kitchen and lab came online in May 2021. Over 15 active brands with more under development. In-house products include: flower, pre-rolls, infused pre-rolls, cartridges, dabs, tinctures, gummies, savories, chocolates, and hard candies. We currently produce 63% of the products sold in our stores. Cultivation operations include 12k sf. of indoor, 10k sf. of hoop-houses with supplemental light, and 10 acres fenced outdoor with 2 acres irrigated and currently in production. YTD 2021 production of  2,100 lbs. and FY forecast of 7,700. Additional upside exists through ramping up, wholesale operations, and opening/acquiring additional stores. The current supply chain has been built to support 10+ retail locations. Price includes all equipment, fixtures, 5 vehicles, and inventories. Open to strategic partnerships, out-right sale, or stock/cash purchase. CEO will remain active with company for a period of 12 months.


Listing Details

Listing Status
For Sale

Location
Oklahoma City, Oklahoma 73115

Date Listed For Sale:
7/8/2021

Date Last Updated:
7/12/2021

Generating Revenue:
YES

Operational:
YES

Property Details

Buiding Size (sq ft)
2500 sq ft

Built out / Turnkey
YES

Equipment Included
YES

Room for Expansion
YES

Pricing Details

Listing Price
$16,000,000

Seller Financing Available?
YES

Lease Terms:

All leases are 5 year term with two additional 5 year options.


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