~20,000 ft.² licensed cultivator and processor in Quebec

Outright Divestiture
Quebec
Sales for Medical Purposes, Standard Cultivation, Standard Processing
20,000.0 ft²
~20,000 ft.² cultivation and processing facility with ~$3.9 million spent on leasehold improvements is looking to divest of the licence, leased property and business in Quebec
- Leased, purpose-designed, ~20k ft.² cultivation and processing building sitting on 181k ft.² of land in Quebec
- Facility has 2 mezzanines and is comprised of 8 grow rooms, 2 drying rooms, packaging and labeling room, trimming room, secure storage + quarantine, materials/equipment storage, quality assurance office, electrical room, shipping and receiving, destruction, cafeteria, locker room (men and women), meeting room, server room, security office, administration offices, archives and medical sales office
- Facility is fully built and partially finished, and is designed for a hydroponic or aeroponic cultivation system with the possibility of growing vertically and horizontally
- The licensed site is currently non-operational and is on a long-term lease (25 years)
- Full production capability of over 1,300KG annually
- ~$3.9 million spent in capital expenditures (leasehold improvements) for the customized cannabis facility build-out
- Facility comes with a range of equipment (non cultivation equipment)
- The site has room for further expansion where there is possibility of extending the existing building by 70k ft.²
- Seeking full divestiture of the licence, lease and going concern business for $1.9 million o.b.o
- There is a potential option to purchase the fully built-out cannabis facility and land