39k ft.² pre-licenced facility in Portugal with unique cultivation technology seeks full divestiture

A Portuguese medical cannabis grower focused in B2B sales in Portugal, Europe and Israel

Site is within an industrial and agricultural area located in the south-east of Portugal, about 2.5-hour drive to Lisbon

Site is currently in development and comprised of 3 x 13,000 ft.² fully built, leased warehouses on ~25 acres of land

~€200,000 spent on licensing and the build-out to date and ~€400,000 retrofitting/renovation are required for the warehouses

Extension of the pre-license is granted until October 2023

Once licence is granted, the operation will be certified under GACP, CUMCS and EU-GMP to commence cannabis activities in the areas of cultivation, import, and export of medical cannabis flower

Site has future production capability of 1,800 kg of dried flower in Phase 1 and 5,300 kg of dried flower when fully developed

Company uses patented hydroponic vertical cultivation systems that increases quality yield and productivity by 30-35%

MOU/Supply agreements in place to sell 1,200kg Kgs per year of high THC strains to Germany and Israel respectively

Site also includes a 3-bedroom house with annexes in the property

Available land for the installation of a solar farm – able to generate a minimum of 5 MW of total capacity, producing 30% of the energy which could be sold back to the grid

Seeking outright sale of the lease and going concern business

There is an option to purchase the site and warehouses (land and warehouses are valued at €1,050,000)