California marketplaCe & Consolidated finanCials · Glorietta manaGement Group & Bay View farms tHe...
1
GLORIETTA MANAGEMENT GROUP | 9219 INDUSTRY WAY | ADELANTO, CA 92301 800.514.3860 | WWW.GLORIETTAMG.COM CONSOLIDATED PRO-FORMA FINANCIALS OF GLORIETTA MANAGEMENT GROUP & BAY VIEW FARMS THE FINANCIAL FORECASTS ARE PREPARED BASED ON THE FOLLOWING ASSUMPTIONS: - 5,300 Plants - 4 Ounces per plant - $1,000 per pound PRO FORMA PROFIT AND LOSS Year 1 Year 2 Year 3 Revenue $0 $6,674,194 $10,158,900 Cost of Revenue $56,800 $4,334,801 $5,535,989 Gross Profit ($56.800) $2,339,392 $4,622,911 Gross Profit Margin 0% 35.05% 45.51% Operating Expenses Accounting/Legal $18,000 $18,000 $18,000 Insurance $12,000 $12,000 $12,000 Total Operating Expenses $30,000 $30,000 $30,000 Operating Profit ($86,800) $2,309,392 $4,592,911 Taxes $0.0 $692,818 $1,377,873 280(e) Expenses Accounting/Legal $0 $3,000 $3,000 Insurance $0 $12,000 $12,000 Office Misc. $0 $6,000 $6,000 Total 280(e) Expenses $0 $21,000 $21,000 Net Profit ($86,800) $1,595,575 $3,194,038 Net Profit Margin 0% 23.91% 31.44% USE OF CAPITAL CONSTRUCTION COST - Develop property and build a state of the art greenhouse facility including all internal components. OPERATING COST - Cover monthly overhead until funds from operation cover budgetary requirements. THIS MATERIAL DOES NOT CONSTITUTE AN OFFER AND IS FOR GENERAL INFORMATIONAL PURPOSES ONLY. AN OFFER CAN ONLY BE MADE AFTER SUITABILITY IS VERIFIED AND THE PRIVATE PLACEMENT MEMORANDUM HAS BEEN DELIVERED AND REVIEWED IN ITS ENTIRETY. CALIFORNIA MARKETPLACE & CONSOLIDATED FINANCIALS CALIFORNIA MARKET SUMMARY 2017 Legal Status......................... Adult Use and Medical Adult Use Begins ..................................................... 2018 2017 Population........................................... 39.6 Million 2017 Legal Spending............................. $2,994.4 Million 2021 Legal Spending............................. $7,742.5 Million Source: Arcview Market Research STARTUP ASSETS Building......................................................... $2,471,689 Equipment ....................................................... $285,723 Land Improvements .......................................... $279,725 Deposits ............................................................... 75,000 Total Startup Assets ................................... $3,112,137 STARTUP EXPENSES Expenses to Date .............................................. $190,835 TOTAL REQUIREMENTS Expenses to Date .............................................. $190,835 Total Startup Assets ....................................... $3,112,137 Total Requirements .................................... $3,302,972 STARTUP LIABILITIES Liabilities ..................................................................... $0 Current Borrowings ................................................... $0 STARTUP INVESTMENTS Capital Raised to Date ................................... $1,706,460 Remaining Investment ................................... $3,293,540 Total Planned Investment .......................... $5,000,000 STARTUP FUNDING Total Liabilities ............................................................. $0 Total Planned Investment ............................... $5,000,000 Total Funding .............................................. $5,000,000 THE CALIFORNIA LEGAL CANNABIS MARKET IS EXPECTED TO GROW AT A 32% COMPOUNDED ANNUAL RATE BETWEEN 2017 AND 2021.
Transcript of California marketplaCe & Consolidated finanCials · Glorietta manaGement Group & Bay View farms tHe...
GLORIETTA MANAGEMENT GROUP | 9219 INDUSTRY WAY | ADELANTO, CA 92301800.514.3860 | WWW.GLORIETTAMG.COM
Consolidated pro-forma finanCials ofGlorietta manaGement Group & Bay View farmstHe finanCial foreCasts are prepared Based on tHe followinG assumptions:
- 5,300 Plants- 4 Ounces per plant- $1,000 per pound
pro forma profit and loss
year 1 year 2 year 3Revenue $0 $6,674,194 $10,158,900Cost of Revenue $56,800 $4,334,801 $5,535,989
Gross Profit ($56.800) $2,339,392 $4,622,911Gross Profit Margin 0% 35.05% 45.51%
Operating Expenses Accounting/Legal $18,000 $18,000 $18,000 Insurance $12,000 $12,000 $12,000Total Operating Expenses $30,000 $30,000 $30,000
operating profit ($86,800) $2,309,392 $4,592,911Taxes $0.0 $692,818 $1,377,873
280(e) Expenses Accounting/Legal $0 $3,000 $3,000 Insurance $0 $12,000 $12,000 Office Misc. $0 $6,000 $6,000Total 280(e) Expenses $0 $21,000 $21,000
net profit ($86,800) $1,595,575 $3,194,038Net Profit Margin 0% 23.91% 31.44%
use of Capital ConstruCtion Cost- Develop property and build a state of the art greenhouse facility including all internal components.
operatinG Cost - Cover monthly overhead until funds from operation cover budgetary requirements.
THIS MATERIAL DOES NOT CONSTITUTE AN OFFER AND IS FOR GENERAL INFORMATIONAL PURPOSES ONLY. AN OFFER CAN ONLY BE MADE AFTER SUITABILITY IS VERIFIED AND THE PRIVATE PLACEMENT MEMORANDUM HAS BEEN DELIVERED AND REVIEWED IN ITS ENTIRETY.
California marketplaCe
& Consolidated finanCials
California market summary2017 Legal Status .........................Adult Use and MedicalAdult Use Begins .....................................................20182017 Population ........................................... 39.6 Million2017 Legal Spending ............................. $2,994.4 Million2021 Legal Spending ............................. $7,742.5 Million
Source: Arcview Market Research
startup assets
Building .........................................................$2,471,689Equipment .......................................................$285,723Land Improvements ..........................................$279,725Deposits ...............................................................75,000total startup assets ...................................$3,112,137
startup eXpenses
Expenses to Date ..............................................$190,835
total reQuirements
Expenses to Date ..............................................$190,835Total Startup Assets .......................................$3,112,137total requirements ....................................$3,302,972
startup liaBilities
Liabilities .....................................................................$0 Current Borrowings ...................................................$0
startup inVestments
Capital Raised to Date ...................................$1,706,460Remaining Investment ...................................$3,293,540total planned investment ..........................$5,000,000
startup fundinG
Total Liabilities .............................................................$0Total Planned Investment ...............................$5,000,000total funding ..............................................$5,000,000
tHe California leGal CannaBis market is eXpeCted to Grow at a 32% Compounded annual rate Between 2017 and 2021.
