Project Milestones

Combined Cannabis Experience

125

Years

Milestones Completed

PowerPlant Park enters a vast and lucrative California market, facing historically low levels of premium flower and extract, with inventory of turnkey space hard to find, (especially in the San Francisco Bay Area).

Thus far the company has invested $4MM, (over 4 years) in the development of PowerPlant Park.  Funds required to complete requisite plan sets, environmental studies, regulatory compliance and various submissions to the City’s planning department and state agencies. A significant part of investment spent on many renowned local-area consultants, engineers, and architects, (list available upon request). PowerPlant Park has assembled a world-class management team, w/over 150 years of combined cannabis experience including master growers, scientists, and genetics experts to ensure plant integrity and superior strain selection.

View Milestones

PowerPlant Park Development Timeline

Milestones Completed

  1. PowerPlant Park was unanimously granted its CUP and land use entitlements for the entire 18-8-acre site from Richmond’s Planning Commission on April 20, 2020
  2. The approval process spanned over 36 months working closely with city and state officials at a cost of $3.8M
  3. A building permit from the City of Richmond was issued October 2020. Our General Contractor, (and investor) W. E. Lyon’s Construction began site grading on 11-17-20
  4. The Park has leased 14 of 18 production greenhouses in Phase I
  5. Tenant mix includes 8 Units leased to seasoned craft-growers and 6 Units leased under the tenant-investor model
  6. PowerPlant Park has booked $7MM in revenues from Phase I sales and leasing and have received over $1.5M in revenues from its investor-tenants
  7. PowerPlant Park Delivery has recently concluded operations of a successful nine-month pilot and proof of concept, (disruptive model). Operations in Marin & Sonoma counties reached $100,000 per month in the final 3 months of the pilot, (with only 2 drivers)

Tenant/Investor Timeline to Operational