Take a look at this fantastic opportunity! A 9.04-acre farm nestled in the most prestigious and cannabis-friendly county of Santa Barbara, California. This unique property is conveniently located directly off the 101 highway and is positioned across from the Pacific Ocean.
The project will have a fully vertically integrated state of the art facility with approximately 200,000 sq. ft. of Cultivation, Independent Nursery License and a Class 11 Distribution License. The property was previously used to grow fresh cut flowers and was eligible to be considered grandfathered under the County ordinance of Santa Barbara to cultivate cannabis. In May of 2017, the property was placed on the County of Santa Barbara’s Registry for priority in County and State licensing.
|USE OF FUNDS:||Purchase property, partner with operator to expand greenhouse operations and purchase equipment|
|LICENSE:||5 mixed-light State Cultivation Licenses. Nursery, processing and distribution licenses have been submitted and are under review.|
|APPRAISAL VALUE:||$10,800,000 (April 2020)|
|ANNUAL GROSS SALES FROM CULTIVATION:||$60,800,000|
|ANNUAL GROSS SALES FROM NURSERY:||$10,800,000|
|ANNUAL GROSS SALES FROM 3RD PARTY DISTRIBUTION:||$10,800,000|