Cannabis Cultivation Business for sale in Cobb, CA 95426

Original Indian Meadows, LLC previously known as

Bottle Rock Herbal Medicine, LLC

NON- BINDING PURCHASE Term Sheet

February 15, 2022

OVERVIEW

All you need is to put plants in the ground! A truly Golden Opportunity during these uncertain times.

Original Indian Meadows, LLC previously known as Bottle Rock Herbal Medicine’s (BRHM) property sits on a total of 61.8 acres of private land, with 3 Acres of permitted cannabis cultivation within a fenced 230,000 sq. ft of cultivation space. 

Water Supply:  Existing Well and Kelsey Creek. Septic tank sewage with gender separated bathrooms. On-Site septic system to accommodate for Commercial use and ADA compliant toilets. The property boasts: 1 full sized barns, 14 slope roofed bungalows, restrooms with showers, with water storage tanks, and a freshwater pond with 10+ acre-feet of water when full, solar well and riparian rights.

OFFER

Independently evaluated, and inclusive of the added value that the amenities bring to the property and operation. BRHM is seeking a cannabis cultivation group to lease the business for 8  years of use of the property and  accessory buildings with an option for an addition 7 years  for $2,300,000 upfront. ( the remaining 8  years left on the existing Major Use Permit as well as, the available renewal of the Major Use Permit in 2038, if all the conditions of approval Major Use Permit are followed.   (with a negotiable monthly rate to pay for property maintenance and relevant taxes). This offer is intended to be beneficial to both parties, as the client truly believes in the Covey Principle of the "Win/Win Paradigm".

SPECIFICATIONS

Lessee must prove that they prequalify for purchase of the business.

Lessee must hold general liability and property insurance with a minimum of $2M of coverage on the property. Lessor must be included as an additional insured on the policy.

Lease terms will be triple net. All upgrades, maintenance, and upkeep of the property will be the responsibility of Lessee. 

Lessee can only sublease cultivation parcels to companies they control and/or operate and will be held responsible for the property.Lessee must maintain our l

Archaeological survey: C

ocal authorization and purchase state cannabis licenses in order to legally cultivate cannabis on the property.

Lessee will not at any time cultivate cannabis without a license.

Any updates and/or modifications to structures on the property or additions to the property must be pre-approved by Lessor prior to development. Lessor desires Lessee to be successful in their operation and will not disallow or not permit activities necessary to Lessee’s operation without substantial cause or reason (legal or otherwise).

Lessee will not host any public events or parties at the property.

No fishing will be allowed in the pond.

ADDITIONAL INFORMATION

Biological survey: Complete

Civil engineering stamp/approval on bridge allowing 75,000 lbs load

Survey Map: Complete

Site Map: Complete

Major Use Permit

Previous State Licenses: 14

Premise diagram: Complete

Property diagram: Complete and available upon request

This is a legally non-binding term sheet. Nothing in this term sheet establishes any type of relationship or guarantee.

Original Indian Meadows, LLC previously known as Bottle Rock Herbal Medicine, LLC (BRHM)

Property Owners: Charleen Ewing

Contact for Inquiries:

Phone: (707) 337-5745 Email: campindianmeadows@gmail.com

Thank you for your time and consideration. We look forward to discussing this exciting opportunity with you.

Independently evaluated, and inclusive of the added value that the amenities bring to the property and operation. BRHM is seeking a cannabis cultivation group to lease the business for 8  years of use of the property and  accessory buildings with an option for an addition 7 years  for $2,300,000 upfront. ( the remaining 8  years left on the existing Major Use Permit as well as, the available renewal of the Major Use Permit in 2038, if all the conditions of approval Major Use Permit are followed.   (with a negotiable monthly rate to pay for property maintenance and relevant taxes). This offer is intended to be beneficial to both parties, as the client truly believes in the Covey Principle of the "Win/Win Paradigm".

SPECIFICATIONS

Lessee must prove that they prequalify for purchase of the business.

Lessee must hold general liability and property insurance with a minimum of $2M of coverage on the property. Lessor must be included as an additional insured on the policy.

Lease terms will be triple net. All upgrades, maintenance, and upkeep of the property will be the responsibility of Lessee. 

Lessee can only sublease cultivation parcels to companies they control and/or operate and will be held responsible for the property. Lessee must maintain our lnsurance at all times.