Licensed cannabis processor building out EU-GMP facility in Portugal seeks full divestiture for €750K

• Licensed Portuguese cannabis processor focused on extraction, formulation, production, packaging and distribution of medical cannabis for sale to pharmacies, licensed producers, and licensed distributors in the E.U. and UK
• Received initial license from Portugal’s National Medicines Authority (Infarmed) in December, 2021
• In the process of constructing a state-of-the-art, federally licensed, 21,000 sq ft EU-GMP cannabis extraction facility on a wholly owned site in Portugal
• All local approvals and amenities are in place
• Phase 1 construction is capable of processing up to 40,000 KGs of cannabis biomass annually
• Company will also source and process certified, sustainably-sourced and traceable biomass and crude oil from the global and domestic markets
• There are existing supply agreements in place and more underway
• Looking to sell products in Germany and Spain initially
• Construction completion scheduled for the end of Q3, 2023
• Have forged an alliance with various Portuguese GACP cultivators who will provide high quality flower into their EU GMP processing space
• Have excellent local government support and have gained traction with the Portuguese national cannabis regulatory agency
• Great partner for a US MSO or Canadian LP wishing to export cannabis flower and/or launch brands into the EU
• Key advantages of being in Portugal is that it provides a tariff free gateway into the EU and logistical access to the UK market
• Unique opportunity to take your formulations and produce your brands for introduction into the EU market space and eliminate infrastructure, licensing and other overhead costs
• Take advantage of saving 1.5+ years of project time and overhead costs and benefit from local tax breaks
• Land is valued at ~€20,000
• Purchaser will receive pre-licenses and the wholly owned land

Seeking outright divestiture of the pre-license, wholly owned land and going concern business for €750,000

https://www.hydeadvisory.com/listing/9788768835