Listing Number: 51951-548309
Description
A Well-Staffed Company with Over 150 Clients in Southern CA
This company is a full-service California Cannabis state testing laboratory that offers accurate and affordable testing services for Cannabis, Hemp, and CBD products for the recreational market, which the state requires before the customer can sell the products. This state-of-the-art cannabis testing laboratory serves cultivators, manufacturers, and distributors in the cannabis industry. It is dedicated to ensuring the safety, quality, and compliance of cannabis products and provides comprehensive testing services that adhere to rigorous regulatory standards established by the Department of Cannabis Control (DCC). The company is ISO/IEC 17025 certified.
The company offers:
Cannabinoid profiling is used to determine the potency of THC, CBD, and other compounds.
Terpene Analysis is used to assess the products' aroma, flavor, and potential therapeutic properties.
Contaminant Testing for pesticides, heavy metals, microbial contaminants (e.g., mold, yeast, bacteria), and residual solvents.
Customized Testing Solution.
The company is fully staffed and employs about 33 FT scientists and laboratory staff.
The company’s financials have grown by over 26% year over year. The average monthly revenue in 2024 was $362K.
Financial Highlights year ending 12/31:
Jan-Dec 2024 (P&L)
Revenue ($) 4,346,607
Adjusted EBITDA ($) 1,223,684
(assuming $150K/year GM salary)
For additional information, contact Matt Manavi at 714-927-9222 or email at mmanavi@tworld.com.
Listing Details
- Price: $6,950,000
- Down Payment: $6,950,000
- Sellers Discretionary Earnings: $3,007,278
- Total Sales: $4,346,607
- Location: Orange County, California
- Inventory: $0
- FF&E: $1,220,000
- Employees:
- Reason for Selling: Divesture
- Category: Medical Related Biz
