Well, as recently, I've never seen an exact canopy sq footage for NJ, and as recently as well, I wouldn't be surprised if management even knows themselves.
(Please no one answer saying x acres. That is not an exact total of square feet of canopy. It's a building footprint. Big difference). (5 acres would be 217k, actual canopy after all is said and done might only be 150k, and have seen various figures and stats.)
Using 200k (as above, not accurate probably) at $200 per sq. ft you'd be at 40MM, but between canopy sq. ft., individual specifics (different strains produce different), could safely add a little, and throw on retail mark up is easily anywhere from double to x 4+ depending on the product.
I think LivWell was breaking $100MM mark at 130k sq. ft. cultivation and 10 retail for comparison. (In a market 4-5 times smaller).
California will double or triple valuation as well. (300k sq. ft+. cultivation under control it seems entering Jan 1st) and seems more and more CA launch going to be short. (On competition, multiple applicants opening, etc)
I know everyone looking forward to Q3 NV, but it's nothing.....Not going to touch NV with cultivation, and not going to come close to CA recreational with cultivation...
I personally, money aside, am looking forward to seeing how market reacts to immediate dramatic increases.....
We'll see. Should be interesting.....(and that's not even including NJ)....
Despite anyone claiming otherwise, NJ as good as done.(New lease and local approval/blessings...) I do those things every day.I've always found opposition to cultivation interesting(amusing)....as the only way they know is because they're being told lol...and more jobs, more disposable income to community and a hundred other benefits is usually a pretty easy sell ;)...
It's too personal to be business.
