power-plant-park-richmond-logo-600-543

A master planned agricultural community & campus

Richmond, CA
Contra Costa County

PowerPlant Park's DIRECT TO CONSUMER SALES AVENUES protect the Tenants from the volatile wholesale cannabis market

TRUE TURNKEY OPPORTUNITY

FOR CANNA-INVESTORS &
CRAFT-GROWERS

Get your piece of CAs $50b industry!

The Opportunity

Only Project Of Its Kind In The World

We currently have 29 of 44 sites available!

Jason Piazza

Meilad Rafiei

WeCann can help

  • 44 Enhanced Tier 2 Mixed Light Indoor Greenhouses
  • Onsite state-of-the-art Nursery
  • Tissue culture genetics
  • Exclusive cultivars from Ca top breeders
  • Medical grade post-harvest processing
  • Onsite manufacturing, extraction, kitchen, preroll lab
  • Situated along 2200 ft. of Richmond’s North Shoreline
  • 9 County Delivery Service, Retail “Garages” & “Kiosks”
  • Wholesale distribution, presold contracts to Ca brands
  • Compliant packaging/fulfillment
  • Waterfront Restaurant-Bay Trail access
  • Off-grid micro-turbine/high-pressure LNG power solution

Tenant Investor Model

  • Greenhouse Purchase: $700,000; $350,000 upon execution of Agreements plus 6 payments of $58,333 months 2-7 during construction, (interest free)
  • Upon payment in full tenant receive legal title to building and all its contents
  • PowerPlant Park leases structural pad from Divine Development Group and Greenhouse from tenant-investor through a Second Sublease Agreement, removing any direct involvement in operations and licensing by the tenant-investor
  • PowerPlant Park manages all production, wholesale, and retail distribution
  • Under the Second Sublease, PowerPlant Park pays quarterly rent to tenant-investor of $125,000.  Quarterly rent begins 90 days after Certificate of Occupancy
  • Purchase can be documented to qualify for a 1031 exchange

Tenant Grower Model

  • Greenhouse Purchase: $700,000, $350,000 upon execution of Agreements plus 6 payments of $58,333 months 2-7 during construction, (interest free)
  • Tenant acquires State License w/PPP
  • Rental Rate: $5 per sq. ft. includes all utilities, security, maintenance, only monthly expense is power
  • CAM Fees: included in monthly rent
  • Term: 5-year initial term, with 3 five-year renewal options
  • 1st, last and security deposit: due upon lease execution
  • Crop Purchase Agreement: tenant-grower has option to enter into an agreement whereby PowerPlant Park sells tenant harvest Tenant receives 75% if sold wholesale and $2,700 per lb. in sold retrial. PowerPlant Park expects to sell 80% of all production retail
  • Tenant may sublease Unit upon PowerPlant Parks approval of subtenant and terms
  • 24-hour access to PowerPlant Park’s private restaurant/conference center, including temp office space, boardroom, kitchen, large waterfront decks w/ unobstructed panoramic views to San Francisco Bay, Mount Tamalpais, and Marin County mountains
  • 24-hour “white-house” level security, park rangers, security drones, sensors embedded in perimeter fencing, guard-gate w/automatic bollards, voice enabled perimeter camaras and private road, (see Security Plan).
  • Greenhouse delivered to Buyer 100% state compliant, including key card entry/exit, latest in security cameras with 24hr viewing
  • High tech Drones will be deployed in each Building for 24-hour crop monitoring and health checks
  • Phase 1 powered by a 3MW turbine micro-grid fueled by High-pressure Liquefied Natural Gas, considered green energy, and operates off-grid
  • For the Grower model, all city/state permits and licenses are managed by PowerPlant Parks licensing & compliance agency, BeGreen Compliance Management, with assistance from PPP legal counsel. The entire process is managed through the issuance of Buyer’s Certificate of Occupancy
  • The Grower model also includes 40 hours, (per month) of professional consulting with the Park’s cultivation team, breeder, geneticist, and PhD level scientists
  • Growers, (both models) will have access to very hi-tech at-will testing equipment,
  • (portable). This “cannalyzer” critical to monitoring outcomes during the flower cycle. It can measure 8 different cannabinoid profiles, terpenes, moisture, residual fertilizer to name a few
  • 24-hour direct San Francisco “Bay Trail” access, (borders property), free Park shuttle service, (25-mile radius)

GreenhousesEnhanced Amenities

As a leader in the horticulture industry for 50 years, Nexus of Colorado has mastered the design and build of hybrid indoor mixed-light technology. Buildings are custom designed based on the project’s geographic location and are fully integrated with all internal systems managed through a dashboard on your tablet or phone.  PowerPlant Park has made significant upgrades to roof panels, feeding management, lighting, environmental control, rolling benches, pest/odor control and more, resulting in a growing environment and approach we believe unrivaled in the State.

Each Unit is home to 1,144 plant-sites producing approximately 1,725 pounds of ultra-premium flower per year. More specifically upgrades and additions were made to the following systems:

  • Polycarbonate glass roof
  • Ubiquitous Quantum Dots, (sunlight enhancement, spectrum optimization) http://www.ubigro.com Film that converts sunlight into red-orange spectrum light that plants crave when flowering. The light, (over 50 non-bias studies) increased yields by an average of 16%
  • Greenhouse interior systems design/integration
  • LED lighting, custom bloom-array designed by Fluence
  • Multiple irrigation system options
  • Feeding management
  • Environmental control
  • Reverse osmosis water purification
  • 485 sq. ft. interior work corridor
  • Clean and dirty room, UV light
  • Structural foundation, complete greenhouse construction
  • Securing Certificate of Occupancy
  • Electrical, mechanical, and plumbing installation
  • Supplemental LED lighting provided by Fluence
  • Automated nutrient dozer
  • In-canopy, manifold driven C02 infusion
  • Heating and evaporative cooling systems
  • Trough and gutter irrigation system, rolling benches
  • Automated light-deprivation
  • Air handling and mixing, (in separate work corridor)
  • Pest prevention, odor control, circulation fans
  • Wireless control, from tablet with PowerPlant Park installed dashboard to manage all internal systems, (including control of the light spectrum during bloom cycle)

Other Greenhouse Ammenities

  • 36’ x 96’ “Vail 420” greenhouse shell encompassing 3,024 s.f. of cultivation area plus 432 s.f. of work corridor/air-plenum.
  • A Solar Soft Max roof covering of corrugated polycarbonate with high-light transmittance and high-diffusion properties.
  • Metal side and end walls, 29 gauge corrugated metal.
  • One 3’ x 7’ steel insulated man-door plus two 6’ x 7’ insulated double doors.
  • End-wall gable vent with automated VC100A vent motor.
  • Three vertical air-flow fans by Vostermans for “through canopy” air circulation.
  • Two Coolair exhaust fans for below-curtain cooling plus one Coolair peak exhaust fan for above-curtain dehumidification.
  • Accordion insect screen over air-intake vent.
  • FogCo odor-mitigation system for all exhaust fans.
  • Thirteen 5.5’ x 32’ rolling benches with bench top and through-gutter systems.
  • Netafrim dip system supplying four row grow zones plus Dosatron manual-nutrient delivery system or upgrade to fully automated system by H. E. Anderson.
  • 750 gallon fresh-water storage tank providing two-day capacity.
  • Fully automated light-deprivation system including triple-layered blackout curtain.
  • Two Lennox heaters (LF24E-300S) for temperature control in main grow zone plus one heater (LF24E-145S) for air plenum (also used for additional wintertime dehumidification).
  • Fully automated, cloud-based SEED Environmental Controller.
  • 55 custom LED bloom arrays of the O6i by Fohse, which provides 1200W of supplemental light designed specifically for hybrid indoor mixed-light greenhouses
  • The O6i packs more photons into each footprint than any other greenhouse light on the market and is paired with a spectral distribution ideal for complimenting natural sunlight
  • Lighting Includes wireless control system to adjust intensity photoperiod and spectrum-bundled with ‘Light Harvesting’ sensors that measure the natural light in your greenhouse. The O6i with Light-Harvesting can self-adjust in increments as little as 1% in real-time based on the ever-changing light conditions in the greenhouse. Learn more about Fohse with the links below:
  • 1,144 “teens” are in place atop rolling benches ready to begin the bloom cycle.
  • State of the art in canopy CO2 infusion and enrichment system, a turnkey carbonation service.
  • Turnkey state of the art steel/glass mixed light hybrid greenhouse, complete with Lumigrow LED supplemental lighting and through and gutter irrigation & automated light-deprivation system
  • 24-hour on-site security, including drone system, front guard-gate and sensor security fencing around entire property
  • City/state permits and licenses managed by PowerPlant Park with assistance from our legal counsel through to issuance of tenants certificate of occupancy and state license
  • State compliant camera viewing system installed in tenant greenhouse, with 24-hour viewing from any mobile device
  • 40 hours of professional consulting with PowerPlant’s master growers, scientists, and other on-staff industry professionals
  • 24-hour access to PowerPlant Park restaurant and conference center, including office space, phone lockers, boardroom, kitchen, large decks, unobstructed panoramic views to San Francisco Bay, Mount Tamalpais, and Marin County Mountains
  • Access to PowerPlant’s state-wide caregiver network, including product sales and strain selection
  • Access to portable testing equipment for THC, CBD, moisture levels, pesticides, herbicides and insecticides

Located in Contra Costa County, the Park is situated on 2,200 ft. of Richmond’s North Shoreline w/stunning unobstructed views of Mount Tamalpias, San Francisco Bay and the Marin County Mountains

  • PowerPlant manages production, processing & distribution, (wholesale/retail). Tenants are guaranteed $2,700 per lb. once medicine is sold at retail, 25% fee if sold wholesale
  • Estimated gross revenues are $3.8MM, with net revenues forecasted between $1.4MM and $1.8MM
  • Each greenhouses will produce six harvests per year in a bloom-only rotation. All young plants, (clones/teens) are raised in our state of-the-art off-site nursery

PowerPlant Park received its Conditional Use Permit, (CUP) and Land Use Entitlements in April 2019. Three years of effort at a cost of over $3M. Funds required for a multitude of submissions and preliminary drawings before Richmond’s Planning Commission. The Park’s CUP was unanimously approved by Richmond’s Planning Commission. Since 2020 Divine Development Group, (parent company) has sold 18 Greenhouses for $500K each. The Greenhouse purchase includes the structure, improvements and its interior/ exterior equipment, the land underneath the Greenhouses is not included in the sale.

Divine Development has entered into an exclusive lease/purchase agreement for the Phase I land with Doommas Enterprises (landowners). From 2019-2024 Doommas invested $3.3M, (interest free) and purchased 7 Greenhouses for $3.5M. The Greenhouse buildings are state-of-the-art Tier 2 mixed-light indoor buildings provided by Nexus/Prospiant, the premier builder in the US. In cooperation with our cultivation team the Park has enhanced each Unit with the latest in Tier 2 mixed light technology, (cost of over $300K). The resulting grow environment we believe is unrivaled in the State.

Based on Greenhouse sales and investment, Divine’s total cash equity in the project to date is over $14M. This includes deposits on land, construction costs, equipment deposits, purchase of Nexus buildings and preliminary and construction level drawings needed to secure the CUP/Land Use Entitlements. LED lighting provided by Fluence VYPR 4i, post-harvest processing equipment from Green Broz, manufacturing from Root Sciences. Medical grade equipment sourced from top vendors over the past several years.

The stabilized value of Phase I, (23 buildings) is over $100M. Stabilization being Certificate of Occupancy, State licenses active and plants under light. Similar turnkey indoor and/or Tier 2 mixed light space with the same operational conditions, (in SF Bay Area) sells for $1,200-$1,400 per sq. ft., (if you can find it). Phase I of PowerPlant Park will have approx. 77,000 sq. ft. of buildings, which accounts for over $80M of the stabilized value.

Certificate of Occupancy for Phase I Part A is expected late July 2024, with the Park’s first harvest of over 4,000 lbs. by Oct 2024. The wholesale value being over $8M, and retail value over $24M. The Park is currently negotiating to presell its first harvest (possibly second) to three prominent California brands that have retail stores and statewide distribution but do not cultivate. Under these crop purchase agreements PowerPlant Park would receive a 50% deposit once there is proof of life at our off-site nursery operations.

New Construction Photo Gallery

The Future

"Powerplant Park could make Richmond The Cannabis Capital of Contra Costa County"

During these challenging times, the cannabis industry in California has seen sales gains unlike any year since legalization. Many craft-growers are deciding to go legal, considering the challenges of conducting business in an increasingly dangerous black-market. With hundreds of thousands of outdoor and hoop-house grown plants taken offline by recent wildfires, many growers and large farms are now deciding to move operations indoors. 

PowerPlant Park’s has designed & engineered its 59 mixed-light hybrid greenhouses to produce the highest grade of cannabis flowers and extracted products in the State of California. Manufactured by Nexus of Colorado, (the premier provider of hybrid greenhouses), each unit built of glass & steel encompassing the latest technology in lighting, irrigation, environmental control, CO2 infusion, pest mitigation and feeding management.

Media

"A turnkey marijuana production campus is breaking ground in the east bay"

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2019

"The city of Richmond could see hundreds of new jobs and millions of dollars in tax revenue for the City"

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Many multistate brands desiring to expand and enter the lucrative California market can simply lease space at PowerPlant Park and instantly replicate operations.  Taking advantage of our state-of-the-art manufacturing and processing facilities, statewide retail/wholesale distribution, including seed to sale tracking and compliant branding/packaging. Canna-investors will find the Park an easy way to invest at arm’s length with substantial ROI.

Who are we?

Milestones / Powerplant Park foundation

Get in Touch

We're here to help

Whether you are considering venturing into this industry for the first time or are an experienced cannabusiness operator, WeCann streamlines your growth at every step. Feel free to let us know how we can serve you!