Turn-key Vertical with Excellent Locations
Asking Price: | $8,500,000 |
In Montana’s young cannabis industry, there are very few companies that go back as far as this one. Started in 2011, this company counts itself amongst the market’s oldest and most established businesses. Founded well before the real estate rush for viable cannabis spaces, their mix of owned and leased real estate holdings are in places that current companies could only dream of and are strategically located within some of the state’s top cannabis markets.
The offering includes a tier 5 cultivation license that allows the owner to grow up to 5000 square feet of plants. Montana law, however, allows cultivation tiers to be increased annually, so there is both the ability and space available to grow. The brand new cultivation facility is just shy of 10k square feet on over 4 acres of owned real estate conveniently and strategically located in close proximity to Montana’s busiest highway. The location is ideal logistically for wholesale distribution with ample runway to move up an additional tier within the current building as well as the space to add additional structures on the property in the future if desired.
The company’s four turnkey recreational dispensaries are spread across a mix of owned and leased real estate and are in markets and locations other cannabis companies drool over. With locations in close proximity to multiple universities as well as major tourist attractions, you’d be hard-pressed to find a company in a better position for retail operations. Sales numbers are established and strong. Montana laws currently also allow for the opening of additional retail locations as well, so expansion into additional markets is also a possibility.
The company also includes a MIPP currently being utilized to manufacture one of the state’s most recognizable edible brands. The manufacturing branch of the company is an established business in its own right with current strong wholesale numbers and no shortage of growth potential. A turnkey operational lab along with all of the equipment is included in the sale. The lab is currently on a leased property, but could easily be relocated to the grow compound if desired as it’s housed within a portable building.
There isn’t a facet of this business that is not established and on a firm footing for the next owner to go to work tomorrow. The current owners have spent more than a decade laying the foundation of a solid and profitable company with a stellar reputation. There’s not a box left to check. This is one of the state’s premier cannabis businesses, and it’s ready for you to carry the torch forward.