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08/24/2020 BOARD OF SELECTMEN Agenda Packet
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08/24/2020 BOARD OF SELECTMEN Agenda Packet
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9/11/2020 11:51:48 AM
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Mashpee_Meeting Documents
Board
BOARD OF SELECTMEN
Meeting Document Type
Agenda Packet
Meeting Date
08/24/2020
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Sum MAI PY <br /> ASPEN BLUE, <br /> Is a vertica I ly-i nteg rated cannabis company founded a n d managed by experienced,successfu'l cannabis operators. <br /> Is represented by best-in-class legal and accounting professionals with dedicated, regionally and nationally-recognized cannabis <br /> practices,each intimately familiar with the Massachusetts cannabis landscape. <br /> Is developing two cultivation facilities: <br /> 0 A 20,000 sf facility in Attleboro,MA,anticipated to open in mid-2021,which should deliver 6,000± lbs of flower annually from <br /> 12tOOO±sf of canopy(CCC provisional license expected in Summer 2020);and <br /> An 8,000 SF facility in Mashpee, MA,anticipated to open in mid-2021,which should deliver 4,500± lbs of flower annually from <br /> 9tOOO±sf of canopy(CCC provisional license expected in summer 2021) <br /> Is opening two adult-use retail stores (Attleboro and Wellfleet) in late 2020,and a third store (Beverly) in early 2021. <br /> • Expects to generate$95±million in stabilized annual cross revenues,yielding an annual E B ITDA of$24± million --sufficient to return all <br /> invested capital within 151-18 months. <br /> A&W Aspen Blue <br /> v,,,wv,/.asoenb1ue.com <br />
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