Overview:
This is an exceptional opportunity to invest in a profitable and rapidly growing cannabis retail business in New York City. The company is raising $3M through a convertible loan offering to acquire an additional adult-use dispensary license and open a second prime-location retail store. With a strong track record of sales growth and a scalable business model, this investment offers an attractive opportunity in the expanding NYC cannabis market.
Highlights:
License and Operations:
- Established cannabis retail brand with a profitable existing location.
- Seeking investment to secure an additional adult-use dispensary license.
- Strong sales growth with an average of $260,000 in monthly revenue.
- Located in a high-demand market with a proven customer base.
Facility Expansion Plan:
Retail Facility:
- Planned second location in a prime NYC retail corridor.
- Strategic location with high foot traffic and strong consumer demand.
- Build-out and compliance costs included in the investment strategy.
- Lease and real estate secured as part of the expansion.
Performance:
- Current Store Profitability: Achieved in September 2024.
- Growth Rate: 7.89% average monthly growth.
- Projected Expansion: Increased market share with second location.
- Investor Advantage: Attractive loan-to-equity conversion terms.
Financial Terms:
- Investment Type: Convertible Loan Offering
- Loan Amount: $3M
- Term: 36-60 months
- Interest Rate: 12.5% APR
- Conversion Discount: 25% on next equity round
- Valuation Cap: $20
Unique Value Proposition:
- Proven Track Record: Profitable dispensary with strong sales growth.
- High-Demand Market: NYC cannabis industry experiencing rapid expansion.
- Scalable Business Model: Increased market presence with an additional location.
- Early Investor Incentives: Favorable loan-to-equity conversion structure.
Contact:
If you are interested in this exceptional investment opportunity, please contact CannDelta at sales@canndelta.com or call +1 (877) 274-6777 using this listing ID.
