American HealthCare Capital is pleased to introduce a Medical Cannabis Services Company for sale. Since its founding, the company has been a multi-state leader in providing specialized professional medical staffing services, achieving quality results for their clients. They offer Cannabis evaluations and certifications in person in their clinics, as well as online via telehealth. This well-established company is headquartered in the upper Mid-West and they serve over 30,000 Clients in 6 states. They are currently in the process of adding 2 more states.
The company receives 100% of their income by providing Medical Marijuana Evaluations for qualifying patients via their Board-Certified Physicians. Gross revenues were $382,402 in 2019 with an adjusted EBITDA of $171,984, and they grossed $419,985 with an adjusted EBITDA of $202,889 in 2020. They are currently on track to reach $460,000 in 2021 with a 40% EBITDA margin.
The company has an exceptionally talented and service-minded work force, most of whom are expected to stay on under new ownership, including 12 physicians who are 1099 contractors.
The asking price for this opportunity is $550,000 for both the Michigan and the Florida operations. The sellers are open to selling only the Michigan operations for an asking price of $300,000.
If you would like to learn more, please use the link on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code (Example: TXMC1A) and Listing Title (Example: $1 Million Home Health Agency in Texas) from the summary above to complete the NDA.