Vertically Integrated Cannabis Company for Sale in Michigan
If your cannabis company is looking to grow through acquisition, we have an opportunity for you to purchase a vertically integrated operation in Michigan!
Interested? Contact us today!
HIGHLIGHTS
- Turnkey dispensary, processing, greenhouse grow (6400 SF)
- 8750 SF dispensary and processing kitchen
- Brand new illuminated extraction equipment
- Over $20m in projected revenue
- $4M with some seller financing available for qualified purchasers
2023 Financial Breakdown:
- Processing: $6.5m in 2023 Revenue… -$93k gross profit
- Dispensary: $7.7m in 2023 Revenue … $2.7m in gross profit
- Grow: Unrealized in 2023
- Total Combined: $14.2m 2023 revenue, $2.6m gross profit, ~$900k after tax take home
New Extraction Projection: $7.2m gross revenue (based on $2500/liter for distillate)
2024 Projection: $21m in total revenue, $1.7m post tax take home
Come take a look at this incredibly rare opportunity to purchase this high grossing, high end, cannabis vertical operation in West Michigan. This vertically integrated cannabis company is located only ~30 miles from the Indiana border . The 7.51 acre site hosts a fully operational dispensary, processing center with a newly purchased $1m processing machine, and (2) ~3200 SF all-seasons greenhouses for cultivation. The dispensary and processing center are a combined 8750 SF. The Dispensary occupies 2100 SF, and the processing occupies the other 6650 SF. They are also the exclusive white label producer for the JuJu Royal Brand.
Their new extraction booth which is an illuminated extraction from advanced extraction completely eliminates dry ice and cuts their bitumen costs by over 90%. This new unit also allows them to extract a almost 2000lb a week and produce 12 liters of distillate a day with very minimal overhead costs. The plan is to focus on distillate as the key in Michigan is to control the oil production. This new extraction equipment would be able to make the new owner one of the biggest players in the market.
With the right purchaser, we believe this operation can be even more efficient and profitable. The current owner has an opportunity outside of the continental U.S. which will not allow him to run these businesses anymore. The seller is open to some seller financing for the right purchaser, but this will be a first come first served deal, and either proof of funds, or significant company profile will be necessary for purchase/tours/financials.
