The company has a Greek State license and a field, with no facilities built as of now. The business is being sold as-is at 0.9MEUR, or as a turnkey investment including nursery, plantation, oil extraction and packaging, as well professional support at a cost near 19 MEUR, the exact cost depending on equipment and market requirements.
Greece, with its wide-ranging climate and fertile land, is able to produce agricultural products of the highest quality.
The company was founded in 2019 by the current owner, as a means for securing a medical cannabis cultivation permit from the Greek government. Due to being heavily invested in industrial cannabis (the business owner also owns one of the largest plantations and processing plants in industrial cannabis in Greece, and is very well versed in the legal requirements as well as cultivation and processing of cannabis plants), he is looking forward to liquidate his medical cannabis investment which comprises of this shell company that owns a 9 acre field, of which 5 will be used for the plantation, selected especially for medical cannabis cultivation as well as a Greek State license for producing, processing and trading in medical cannabis.
This a capital-intensive, low-risk high-returns investment.
- Asking Price:
- €900,000
- Sales Revenue:
- €20,000,000
- Cash Flow:
- Over €2.5M
Property Information
- Real Estate:
-
Real Property Included
- Living Accommodation:
-
Our company, ErgoQ, can support you in securing bank financing as well as up to 50% state or EU subsidy on further expansion plans.
- Location:
-
The business is located in the outskirts of Thessaloniki, 150m from the National road network
- Premises Details:
-
The location is in an agricultural area most suitable for cannabis cultivation.
- Size in square feet:
- 871,200
Business Operation
- Expansion Potential:
-
The business can be expanded by acquiring nearby agricultural fields. The projected processing capacity can accommodate over 25 acres of plantation
- Competition / Market:
-
There are about 120 licensed medical cannabis plantation businesses in Greece, of which less than 5 are currently in business
- Reasons for selling:
-
The owner of the business is invested in industrial cannabis as well, and is selling the business to expand the industrial cannabis plantation
- Trading hours:
-
Currently the business is inactive.
- Employees:
- 0
- Years established:
- 3
Other Information
- Support & training:
-
For a turnkey investment, the business can be delivered fully staffed and ready for production. However, there is technical and business support available separately, for setting up.
- Financing available:
-
Our company, ErgoQ can support you in securing bank financing as well as up to 70% Greek state subsidy on further expansion plans
- Business closed / Asset sale:
- Yes
