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.

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