Silverpeak Corp, one of the larger cannabis retail chains in Colorado, is selling its seven stores and a cultivation license, MJBizDaily has confirmed.
The assets will go on the market Thursday, according to the brokerage handling the sale.
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The stores include five adult-use retail licenses and leases in Denver, Glenwood Springs, Louisville and Parachute as well as two dual retail licenses and accompanying leases in Denver and the Silverpeak’s flagship location in Aspen, according to marketing materials from San Diego-based brokerage Green Life Business Group.
In 2023, the seven stores generated revenue of $16.2 million and Silverpeak’s 25,000-square-foot cultivation operation in Basalt generated revenue eclipsing $5.1 million, according to marketing materials.
Green Life CEO Drew Mathews said he expects the assets to
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