Licensed cultivator operating ∼150k ft.² hybrid greenhouse located within 1hr drive of Toronto, ON
Wholly owned, ∼150K ft.² licensed, hybrid greenhouse with support buildings sitting on 10 acres of land with production capability of 2,500-3,000 KG/yr
Listing ID:
9937947699
Licence(s) Held:
Standard Cultivation, Standard Processing, Sale for Medical, CRA licence, Operating since May 2019 and Health Canada renewed to 2027
Seeking outright divestiture of the licence, wholly-owned facility and going concern business for $11.7 million o.b.o
Listing Details:
Wholly owned, ∼150K ft.² licensed, hybrid greenhouse sitting on 10 acres of land located within 1hr drive of Toronto, ON
Site includes greenhouses, head house, physical plant, garages and residential home
Hybrid Greenhouses are split into 3 x one-acre ranges, each with two (2) x 20,000 ft.² Zones, with support building (head house) and operating according to GACP standards, selling product into an EU-GMP production stream
2 out of 3 acres are operational; 3rd acre is fully built but requires a degree of finishing and fixtures
Head house is comprised of debucking room, drying room, sanitation room, 4x storage rooms, shipping and receiving, 2x office rooms, staff room, electrical room, server room, and 2x washrooms
Planting density allows for 2,000 to 4,000 plants per Zone depending on genetics, resulting in average production capability of 216 KGs Dried Bud and 136 KGs Dried Trim per month for the 2 acres
Currently undertaking propagation, cultivation, live harvest and direct ship, dry/trim capability, bulk packaging and B2B sales
Low cost of production and currently producing consistent output of over 25%+ THC
Current revenues $2.5 million annually, with projected sales of $3.6 million for 2023
There are currently supply agreements in place
~$6.9 million current real estate market value for land plot, buildings, house, etc. (with no cannabis build-out premium)
~$1.9 million of capital spent on customized build-out and fit-out
~$1.2 million of capital spent on non-fixed assets
Facility comes with major operating systems i.e. New PRIVA Environmental System, CAT Standby Generator, 2 x COGen Units, 2 x Boilers (BoilerSmith 110 and 200 hp), Halo 1000 W HPS Lights, Payne HVAC, DVR2010 VMS with AXIS Cameras Security
The site has room for expansion to add additional greenhouses/drying /processing buildings or licensed outdoor cultivation space (could add reefer unit or building extension for fresh frozen)
Seeking outright divestiture of the licence, wholly-owned facility and going concern business for $11.7 million o.b.o
9937947699
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