Cannabis Businesses in Receivership for Sale

Posted January 14, 2025 in Cannabis Business Opportunities

Cannabis Businesses in Receivership For Sale

  • Location: California, statewide
  • Asking Price: Call for offers
  • Monthly Rent: N/A
Description:

Statehouse Holdings, a vertically integrated cannabis company operating across the entire value chain, is available for acquisition through court-ordered receivership. This opportunity includes established operations in cannabis retail, distribution, manufacturing, and cultivation throughout California.

Statehouse Holdings is recognized as one of California’s leading cannabis companies by market share. Its portfolio features well-known brands such as Kingpin, Dime Bag, Loudpack, Fuzzies, Sublime, Urbn Leaf, and Kingroll. These brands are widely distributed, with products available in over 900 retail locations statewide.

Included Cannabis Businesses in Receivership For Sale:
  • Small Mixed-Light Tier 2: 15
    • Harborside Farms Nursery, Processing, Distribution licenses &(15) Small Mixed-Light Tier 2 Licenses
      • Space: 47.23 acres
      • Estimated property value: $11M
  • Distribution: 5
  • Nursery: 2
  • Processor: 2
  • Event Organizer: 1
  • Microbusiness: 1 (with retailer)
  • Manufacturing Type 7: 1
    • Manufacturing Type 7, Distribution, Nursery, & Processor licenses
      • Space: 11,500 square feet, per greenhouse (8)
      • Estimated property value: $23M
Storefront Retail Locations
  • 11
    • Urbn Leaf, San Diego, CA 92173
      • 7,400 Square feet
      • Seller indicates 2024 actual sales on pace to do $6,496,315 for 2024
    • Urbn Leaf, San Diego, CA 92110
      • Dispensary and Distribution Licenses
      • Total rent: $50,102/month
      • Total space: 12,150 square feet
      • Seller indicates 2024 actual sales on pace to do $12,844,416
    • Urbn Leaf, La Mesa, CA 91942
      • $25,990/month for the dispensary & 4 additional suite offices
      • Total space: 1,924 square feet
      • Seller indicates 2024 actual sales on pace to do $2,926,218
    • Urbn Leaf, Vista, CA 92083
      • Seller owns the property, estimated value of $10.5M
      • Total space: 3,200 square feet
      • Seller indicates 2024 actual sales on pace to do $11,398,725
    • Harborside, San Jose, CA
      • Retail & distribution licenses
      • Rent: $49,785.29/month
      • Retail space: 9,400 square feet
      • Seller indicates 2024 actual sales on pace to do $8,627,934
    • Urbn Leaf, San Jose, CA 95111
      • Microbusiness license
      • Rent: $54,050/month
      • Space: 23,500 square feet
      • Seller indicates 2024 actual sales on pace to do $3,575,146
    • Urbn Leaf, West Hollywood, CA 90069
      • Seller indicates 2024 actual sales on pace to do $2,410,375
      • Space: 9,853 square feet
      • Retail space: 1,095 square feet
    • Urbn Leaf, Grover Beach, CA 93433
      • Seller indicates 2024 actual sales on pace to do $8,068,173
      • Retail space: 5,000 square feet
      • Rent: $25,000/month
    • Harborside, San Leandro, CA
      • Seller indicates 2024 actual sales on pace to do $4,879,665
      • Space: 15,100 square feet
      • Retail space: 5,500 square feet
      • Rent: $41,525
    • Harborside, San Francisco
      • Seller indicates 2024 actual sales on pace to do $4,024,960
      • Retail space: 1,690 square feet
      • Rent: $7,725/month
    • Harborside, Oakland, CA
      • Retail, Distribution, and Event Organizer license
      • Seller indicates 2024 actual sales on pace to do $12,242,008
      • Retail Space: 9,500 square feet
      • Rent: $47,026
    • Harborside, Desert Hot Springs, CA
      • Seller owns the property, estimated value of $6M
      • Not in operation
      • Retail space: 4,800 square feet
Total Retail Financials
  • Seller indicates that the retail dispensaries combined revenue is $51,662,625 from Jan 1-Aug 31, & on pace to do $77,493,937 for 2024

How Wicker Law Group Can Assist You: As your trusted legal partner, Wicker Law Group offers comprehensive services, including:

  • Drafting and negotiating purchase agreements
  • Providing guidance to achieve compliance with California cannabis regulations
  • Facilitating entity formation and corporate bylaws or operating agreements
  • Navigating cannabis licensing requirements
  • Conducting due diligence
  • Managing escrow requirements

Please note that listings can be sold or withdrawn at any time. To get more details, a non-disclosure agreement (NDA) and proof of financials are required. Contact Wicker Law Group to explore this cannabis business opportunity and receive expert legal guidance throughout the acquisition process.

Are you looking to invest in the cannabis industry? Wicker Law Group offers expert legal representation for purchasing licensed cannabis businesses in California. Our extensive network and industry knowledge connect buyers with premium cannabis business opportunities.