Ten qualified investors at $150,000 each to purchase 30% interest of a 25-year-old profitable agricultural science company in New Jersey with sales of $900,000 per annum, transitioning into adult cannabis cultivation with state-of-the-art hydroponics facilities. Projected 12-month revenue after conversion to be $7.5 million to $10 million. At least, one-third of the investor proceeds ($500,000) will be to establish a hands-on training and education unit within the complex to gain professional experience in all aspects of cannabis cultivation, processing, and related administrative functions. We estimate our need for 1,000 to 1,500 individuals to be employed by us within 24 months. This precaution is necessary since “trained personnel” is not available and the learning curve is too costly, and to ensure our growth projection. Within 3 years we plan to produce ten tons per year of wholesale recreational grade cannabis in New Jersey.
- Category : Agriculture / Cannbis