Established Multi-Location Cannabis Dispensary Group – Scarce License Portfolio and Proven Track Record
This multi-store cannabis retail group is one of the longest-standing and most recognized operators in Washington State, holding some of the earliest-issued retail cannabis licenses in the state. With four operating locations, three leading dispensaries and one CBD & hemp experiential retail store with a coffee bar and event space. The Company serves over 30,000 customers per month and continues to expand, with a fifth dispensary location in their acquisition pipeline.
The business controls approximately 40% of all retail cannabis licenses in its jurisdiction (licenses are capped at just 550 statewide), creating a highly defensible market position and significant intrinsic value in the licenses themselves. A dedicated team of 57 employees (including 4 executives) runs day-to-day operations, and ownership remains fully absentee.
With a decade of brand recognition, multiple high-traffic storefronts, and strong customer loyalty, this platform is well positioned for continued growth, strategic expansion, or potential roll-up.
Financial Highlights: ~$9.8M average annual revenue and ~$1.59M average adjusted EBITDA across the company’s primary operating dispensaries, with additional upside from a newly opened location projected to contribute over $1.3M in annual revenue on a run-rate basis. These figures do not include the impact of a fifth location currently under the acquisition pipeline, which is expected to further expand revenue and market share once completed.
To learn more, please request an NDA to access the Confidential Information Memorandum (CIM).
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