7 Licensed Cannabis Dispensary Portfolio for Sale in California | Receivership Auction

The opening bid will be $1,000,000, with bidding increments of $100,000 thereafter until a winner is determined.

On Wednesday, April 1, 2026, at 2:00 p.m. all assets of Element 7 Chula Vista One, LLC, Element 7 Mendota, LLC, Element 7 Willits, LLC, Element 7 SF1, LLC, Element 7 Redwood City, LLC, PH Investments Group, LLC, and Element 7 Cathedral City, LLC (including inventory, licenses, furniture, fixtures, equipment, IP, and other intangibles) will be sold via an out-of-Court auction led by Court-appointed Receiver Kevin Singer. This sale is free and clear of liens.

The opening bid will be $1,000,000, with bidding increments of $100,000 thereafter until a winner is determined.

To prequalify to bid, bidders must present the Receiver the following by 5:00 p.m. on March 31, 2026: (a) a signed copy of these Rules for Out-of-Court Auction; (b) a deposit of $100,000, either via wire transfer/ACH or a cashier’s check in the amount of $100,000 made out to Receivership Specialists; (c) proof of funds in an amount equal to or greater than the highest amount the bidder is willing to bid; and (d) evidence demonstrating that the bidder would be a qualified operator of the Business pending transfer of the relevant license.

Copies of the auction rules, purchase agreement, and other sale documents are available at:https://bit.ly/E7Sales

Business Description:

An exceptional opportunity to acquire the Element 7 California 7 Store Dispensary Portfolio, a collection of operational and non operational, licensed cannabis retail locations strategically positioned across California’s most promising markets, including San Francisco (Laurel Village), Willits, Cathedral City, Mendota, Port Hueneme, Redwood City, and Chula Vista. Together, these established dispensaries represent a powerful footprint in California’s regulated cannabis landscape, offering a rare chance to step into a multi-location retail network with immediate operational potential.

Each location is equipped with experienced staff, existing customer bases, and prime retail spaces that are ranging from 892 sq. ft. to 6,600 sq. ft., with annual revenues exceeding $4 million across the portfolio. Rental rates remain competitive, with favorable lease terms and renewal options in place. Total capital infrastructure across sites represents millions in investment value, allowing an incoming operator or investor to leverage a well-built foundation without starting from scratch.

California remains one of the largest and fastest-evolving cannabis markets in the world, driven by consistent consumer demand, ongoing regulatory support, and expanding retail acceptance. As the market continues to consolidate, scalable multi-unit portfolios like Element 7’s represent a unique opportunity for investors seeking strong brand positioning, operational continuity, and long-term growth potential in one of the industry’s most influential states.

Details:

Store #1 – Element 7 SF 1 – Address: 3415 California St, San Francisco, CA 94118

Fully Operational and Turnkey Today!

Stores Open and running right now!

Total Space: 2,016 Sq Ft

Rent: $3,500/Month

Lease: TBD

Store #2 – Element 7 Willits – Address: Browns Corner, 1795 S Main St, Willits, CA 95490

Revenue’s:

2024: $418,634

YTD August 2025: $207,099

Total Space: 2,016 Sq Ft

Rent: $3,500/Month

Lease: TBD

Store #3 – Element 7 Cathedral City Inc – Address: 68945 Vista Chino ste c, Cathedral City, CA 92234

Fully Operational and Turnkey Today!

Stores Open and running right now!

Total Space: 1,050 Sq Ft

Rent: $3,500/Month

Lease: TBD

Store #4 – Element 7 Mendota LLC – Address: 796 Oller St, Mendota, CA 93640

Fully Operational and Turnkey Today!

Stores Open and running right now!

Total Space: 2,464 Sq Ft

Rent: $4,674/Month

Lease: TBD

Store #5 – PH Investments Group, LLC – Address: 455 W Channel Islands Blvd, Port Hueneme, CA 93041

Fully Operational and Turnkey Today!

Stores Open and running right now!

Total Space: 1,036 Sq Ft

Rent: $2,906.15/Month

Lease: TBD

Store #6 – Element 7 Redwood City LLC- Address: 615 Woodside Rd, Redwood City, CA 94061

No local license and DCC license was surrendered. Selling the FF&E as part of the Receivership estate.

Store #7 – Element 7 Chula Vista One, LLC – Address: 1208 Broadway Unit 101, Chula Vista, CA 91911

Element 7 Chula Vista One, LLC does not have a local permit to operate in the city of Chula Vista. Element 7 Chula Vista One, LLC’s state license will expire on or about May 18, 2026.

On or about May 8, 2025, Element 7 Chula Vista One LLC (“Element 7”) submitted an application to renew City License prior to its expiration on June 13, 2025. On June 12, 2025, the City notified Element 7 that the renewal of the City License was “Conditionally Approved” and it could continue operations. On June 18, 2025, the City issued a Denial of Application for Renewal with the following statement: “This denial is effective June 19, 2025, and all related Commercial Cannabis Activities must cease immediately. You have the right to seek judicial review of the City Manager’s decision.” On or about September 17, 2025, Element 7 filed a Petition for Writ of Mandate in San Diego County Superior Court Case No. 25CU049457C. On or about January 8, 2026, the city of Chula Vista filed an Answer in response to the Writ of Mandate. No hearing has been scheduled for the Writ of Mandate.

Licenses:

Retail Storefront- Facility where cannabis, cannabis products, or devices for the use of cannabis or medical cannabis products are offered, either individually or in any combination, for retail sale, including an establishment that delivers, pursuant to express authorization by local ordinance, medical cannabis and medical cannabis products as part of a retail sale.

AUCTION SALE on APRIL 1, 2026 AT 2PM

Must sign an NDA/Waiver and provide Proof of Financials before any other detailed information is released, along with the company’s location. This listing is Fully Exclusive only by Green Life Business Group®, Inc.

Green Life Business Group®, Inc DRE CA LIC# 02061374

Drew Mathews, DRE CA LIC# 02091143

If you have any questions Call Drew (619) 653-0483

Email: ceo@glbgroupinc.com

Green Life Business Group® Inc. we are here to both help you sell or buy a cannabis business opportunity.