Top-Shelf Cannabis Producer Seeking Partner / Buyout | Santa Cruz, CA
INVESTMENT DETAILS
- The Seller may be willing to finance some of the purchase price.
- Option for Buyer to purchase 53.5% equity and one owner would retain 46.5% equity interest as silent partner.
- 3 yrs of taxes & financials available.
- Recent harvest tested at 34.7% THC & 42.6% cannabinoids.
- Currently yielding 3.2 pounds per light.
- 9,295sf building with 5,000 sf (5 rooms) available for cultivation. Currently cultivating in 3,700 sf (4 rooms)
EXECUTIVE SUMMARY
Jade Coast Organic Farms, Inc (Jade) is a profitable turnkey business providing immediate cash flow and a license to expand into a 2nd facility. The facility has been operating in Watsonville, CA since 2016. Sales in 2021 are on track to exceed $2,000,000 in revenue with 30%(+) profit margins. Jade is currently flowering 3,700 sf. of the available 5,000 sf. of canopy and intends to get the remaining 1,300 sf. into production by Q4 2021. Their license has recently been approved for expansion up to a total of 22,000 sf of flower canopy, 11,000 sf of nursery and also a distribution business.
HIGHLIGHTS
HIGH QUALITY FLOWER
On April 6, 2021 their most recent flower harvest tested at 34.7% THC and 42.6% cannabinoids.
PROPERTY LEASE
Jade has negotiated below market lease rates along with other favorable terms for their current facility. This lease is extendable for 5 additional years.
BUILDING UPGRADES
Since executing the lease in 2016 they have put approximately $2 million into building upgrades.
PERMITS
Rare opportunity to step into a pre-existing entity with enthusiastic partners seeking to transfer business license. This license transfer allows prospective buyers a means to bypass lengthy application process and capitalize on the current cannabis boom immediately.
LICENSE EXPANSION
Jade has been approved for a total of 22,000 sf of canopy for flower, 11,000 sf of nursery and also distribution. They are currently only using 3,700 sf of canopy in their 9,200 sf building therefore their license can stay attached to the current building, (which will expand to 5,000 sf of canopy). The license also allows them to add an additional 17,000 sf of canopy at another location, as well as a nursery and distribution business.
