The business for sale has already secured substantial funding but not started operations yet and is an opportunity for investment to capitalize on the medical cannabis popularity in EU.
Europe is a key region for international cannabis companies trying to scale globally and a place that provides numerous opportunities to local entrepreneurs. Germany continues to be the largest European medical cannabis market, with estimated annual sales in 2019 of at least 170 million euros (185.4 million). Several countries and dozens of companies want to supply Germany and other major European markets. One of the things that didn’t change is the number of growers.
The business is seeking funds to start operations. It will be a vertically integrated unit cultivating and processing cannabis to produce its valuable oil for medicinal purposes. The site of the investment is a 1 acre land parcel, owned by the company. The total budget is 1.500.000,00 including construction of the industrial building for both cultivation and process, photovoltaic panels, as well as the cannabis oil production line. Licensing is under way and initial letters of interest from potential product buyers have already been received. The company projects 20% profits and sales over 1,5MEUR annually. There are land lots available for further expansion of cultivation.
The business has all ready 630.000EUR in funding, but due to family issues the owner is selling the business for a negotiable price of 500.000 EUR. The first batch of products can be shipped to customers in 9 months after the purchase.