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San Diego, January 20, 2023 /PRNewswire/ — In 2023, interest is growing from various groups and multistate operators (MSOs) looking to acquire cannabis businesses statewide. California When usaIndustry-leading green life businesses are seeing a rapid increase in business acquisitions and escrow entries, a positive move in the industry.
In 2022, many operators in the cannabis industry and many other industries were forced to close as business valuations continued to fluctuate in a market that saw stable valuations. It continued to shift on a monthly basis instead of a quarterly basis, something previously unseen in the cannabis industry.Other operators in the licensing and building process were also forced to abandon their business plans as many groups ran out of money. I was. The closings and closures of these distressed businesses have resulted in the business falling into the hands of court-ordered trustees.
Green Life Business Group is a widely recognized cannabis business intermediary and is now subject to cannabis business receivership. An example of this is a storefront business project for a cannabis retailer in a highly demanded and desirable city. west hollywood. This project is already $1.5 million We have invested in building PRIME locations that are about 90% built. The advantage of having a business represented by a trustee is that the business or license has the seal of approval of a judge freeing it from any previous lien or liability. This is the cleanest license you can get compared to the acquisition of a traditional cannabis business from a private or public company where previous tax risks, creditor or vendor liabilities may be inherited.
Trustee acquisitions are rapidly becoming a trend, with multinationals and large corporations quick to tap distressed businesses and licenses that offer a clean canvas opportunity with no prior debt or liens. , which makes it highly desirable. 2023 is shaping up to be a more positive and profitable year as large-scale corporate acquisitions have already begun and companies are rapidly entering escrow.
View Original Content: https://www.prnewswire.com/news-releases/court-ordered-receivership-takes-new-cannabis-retail-storefront-to-the-market-301727311.html
Source: Green Life Business Group Inc.
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