08/24/2020 BOARD OF SELECTMEN Agenda Packet

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A,DULT-US`_ P'--TAHC-_,—OP c� ATTLEBORO-_Bristol Cowityl The Attleboro store is a 3,600 sf building under construction,located on the same land as a planned cultivation and manufacturing facility.The town issued a Special Use Permit in late 2019,and Aspen's application to the Cannabis Control Commission for a provisional license was filed in February 2020.The store should be open for business in late 2020 or early 2021,and is expected to generate$20±million in annual sales. WELLFLEET JCa Cod) Aspen Blue's Wellfleet store is located on heavily-travelled Route 6,in 3,300 sf of space adjacent to a Dunkin Donuts on a corner lot.The traffic on this portion of Route 6 and the population in the immediate area increases exponentially in the summer,The Premises lease has been executed and the building permit was pulled in raid-May.The lease is advantageous;the lease term (w/options)is 20 years,with rent topping out at$130,000/year N N N.Aspen's application to the CCC for a provisional license has been filed and is expected to be approved in the Summer of 2020.The store should be open for business in late 2020,a n d is expected to generate$14±million in annual sales. BEVERLY(North Sbare Aspen B I ue's Beverly store will be located in a free-standing S,000 sf building next to t h e famed North Shore Musical Theater on a well-travelled and highly accessible commercial road.This I ocation is central to key demographics in North Shore cities and towns including Gloucester,Marblehead,Salem Danvers a n d Ipswich--where the barriers of entry into the recreational marijuana market are considerable. Aspen's first submission to the City is complete and a Special Permit is expected within 90 days.The store should be open for business in mid-2021 and is expected to generate 520±million in annual sales. *A11i'acilities and storeswill be operated by a mana L gement companyowned byAspen"s three founding members. AspenBlue www.aspenblue.com