Overview

Description

Previously Licensed Cannabis Cultivation Facility

The property was previously licensed with the County of Ventura and the State of California for cannabis cultivation, processing, and

distribution under Ventura County’s Measure O ordinance governing cannabis licensing and operations (https://vcportal.ventura.org/

CEO/docs/Measure_O_Quick_Guide_11-30-20.pdf).

Facility Breakdown

The property has a mix of structures including:

- 360,000 SF of low Venlo greenhouses

- 66,000 SF of high Venlo greenhouses

- 104,544 SF of high range greenhouses

- 65,340 SF of greenhouses for propagation

- 33,600 SF of “head house”

- a 10,000 SF packing house

- Materials for 3 acres of hoop houses on site

Unique Asset

Ventura County is one of the preeminent agricultural counties in the nation, however it is also one of the most difficult in which to

build. Due to the restrictive SOAR initiative, which prevents the development of agriculturally zoned land, the Grolink property and its

fellow large greenhouse cousins cannot be replicated today.

Has Not Reached Full Potential

The current Conditional Use Permit (“CUP”) allows for the owner to develop an additional 200,000 SF of greenhouse structures on

the property as well as two residences which could be used (in part) as office space. This enables the Owner to grow in place over time without needing to purchase another greenhouse property (which as mentioned above, may not be available due to SOAR).

Protected Water Rights

The property has legal access to three separate wells and a healthy allowance of 76 acre-feet per year. The Owner to avoid water access concerns which plague other areas of California.

Equipment Included

Full list to be determined in escrow, but the equipment includes tractors, golf carts, Priva control systems, and more.

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