On an 'as is' basis, the farm’s total size is 72 hectares, authorized by the Uruguayan Ministry of Agriculture (MGAP) to cultivate and process up to a total of 60 hectares for cannabis plus 1,900 square meters for indoor cultivation in existing greenhouses. Currently, a partial exploitation of non-psychoactive cannabis has been carried out on an area of 12 hectares successfully under an operational lease. The farm was one of the first licensed cannabis growing operations in Uruguay.
The land is divided into thirteen lots that are individually authorized by MGAP. Licenses can be issued either for the farming for non-psychoactive or for recreational cannabis. The whole property features natural resources and building infrastructure to yield full capacity for cannabis production of high-quality non-psychoactive flowers and recreational cannabis.
Water/Infrastructure: The property is autonomous on ground water for production, fenced in and protected by aged tree lines against erosion by wind, with full production and logistics infrastructure in place within the premises. Access to government provided power supply with no cap. Good labor market.
Yield: The average yield (dried flowers for exportation) is 600 kg/ha. As of September 2021, the maximum average yield in one production cannabis cycle was approx. USD 8,000,000. Prior to cannabis farming, the farm produced citrus since the late 1800s.
Licenses: The owner is willing to assist the new owner in expediting new licenses for non-psychoactive and recreational production upon MGAP authorities, which is required upon transfer of ownership.
Infrastructure for housing: A farm construction from 1880, fully operational and composed of an owner's house and several other smaller houses. The main house features 8 bedrooms and 6 bathrooms, patios, galleries, and is fully furnished in an exquisite rural style, with a swimming pool. The house can be used as a temporary or permanent home.
Currency: USD
Target Price / Revenue: TBD
Target Price / EBITDA: TBD
