Ref # : 5380
For Sale By Owner $ 3,675,000
This offering is for a new 6500 sq ft facility at lock up with interior common area near completion, and sits on an 11 acre estate lakeview property with two houses and 3 acre vineyard. The site and building has pre approval from Health Canada for a Micro Cultivation license and requires evidence package upon completion. The Agricultural Land Commission and local RDOS have issued the building permit for cannabis grow and production. The design should provide production of Health Canada's limit of 600,000 grams dry flower annually. There is a possible local contract available $6 - $8 per gram.
Present owner is out of financing options to complete and will assist new owner with completion management and final licensing requirements. In addition to the grow rooms, the building is designed and built to accomodate a GMP class medical facility for international sales, and a lab for extraction has been designed in. This is a prime no nonesense opportunity that is so close to operations and it breaks the owners heart to have to sell. If the owner does secure additional working capital the sales listing will be cancelled.
The building sits secluded and tucked away on this prime piece of property that is included in sale. This is a private Okanagan estate with panoramic lake view in the middle of wine country. It also has two houses on property along with 3 acres in grapes. This site provides for excellent security when compared to a facility on industrial land, and provides room for expansion either outdoor or indoor. If the BC Government approves Farmgate which would allow for cannabis product sales from on site, the existing rental house on road frontage could easily be converted to retail sales and see significantly increased revenues.
The business plan and building design is for cultivation revenues year 1, and international export of extracts with a GMP compliance label year 2. Revenue forecasts for year 2 would be based on an allowable 150,000 grams of extract provided by the Micro-processing license approval. With overseas GMP product sales in the $50 - $100 per gram range, more countries legalizing medical and only a handfull of GMP compliant facilities in Canada, this opportunity is close to ready to go.
Offers may be subject to final Health Canada Approval. Perspective buyers or investors must pass stringent Health Canada criminal check.
Offers may be considered and preferred for a 34% share in business only with facility lease and partnership that would not include land, buildings and grow equipment. This would only be considered with a buyer who has a business plan and considerable knowledge of this industry.
Recent appraisal for land and buildings available upon request.
- Business Information
- Contact Phone : 250-317-4410