CalCann was an early entrant into the legal cannabis real estate industry. Initially, the company focused on acquiring and entitling land for production facilities. The company's earliest projects in Adelanto and Desert Hot Springs set the foundation for the company in terms of developing market understanding and establishing positive relationships with local government. They also generated strong returns for CalCann investors.
Land for Cultivation: Adelanto, CA
CalCann purchased, entitled, sub-divided and sold cultivation permissible property in Adelanto, California. The CalCann team assisted city council with developing the licensure structure for cultivation facilities. Based on this knowledge, the acre parcel was purchased for $450,000 in early 2015 and sold for $1,850,000 sixty days later.
Cultivation & Extraction: Desert Hot Springs, CA
CalCann developed a 2.5 acre parcel, which was entitled as a greenhouse and processing facility. The value of the land has increased 10x since its acquisition and is now available for sale.
Dispensary: Bud & Bloom
CalCann received four dispensary licenses in the recent Santa Ana lottery. Three of the four have now been developed into operating dispensaries and have been recapitalized resulting in an above market return for investors. Bud & Bloom was recently recognized by Leafly as a Top 10 dispensary in Southern California.