Licensed micro cultivator producing premium craft flower in BC selling into 3 Provinces
Outright Divestiture
British Columbia
CRA Cannabis License, Micro Cultivation
3,275.0 ft²
Micro craft cultivator in British Columbia with in-house brand doing direct delivery to stores in BC, and selling into 2 other Provinces. Well-located 23 mins from Vancouver in BC
A leased, fully operational, purpose-designed ~3,275 ft.² indoor micro cultivation facility located 23 mins from Vancouver in BC
Facility is comprised of 5 grow rooms, a processing area, 1 secure storage room, 1 drying room, record storage room, office and a shipping receiving area
Each room contains a two-stage heat pump, 2 Anden dehumidifiers, Sanuvox UV light, CO2 burner, 16 Fluence spydr lights, PIP racking for multiple levels
Currently undertaking cultivation, drying, sales, bulk packaging, storage, and contracted pre-roll manufacturing
Full production capability of ~500 kg/year of dried flower
Seller has ~494 seeds and 40 strains under their possession
A number of these unique strains are testing at 22 – 30% THC, with three solid cultivars in production with strong terpene profiles
Currently have a brand listed in multiple retail dispensaries in BC using multiple processor partners with approximately 10 SKUs and 40 NNCPs in play. Approved for direct delivery in BC.
Currently growing revenues and projecting $1.2 million gross revenue for 2023
Lean operational cost
Community-based commercial location, strategically located within 5 km from cannabis friendly bank with local branch and Sterigenics is also nearby creating future business opportunities
The facility is ripe for future expansion by taking over one adjacent leased unit
Seeking outright divestiture of the business, licence and lease for $1.1 million o.b.o