Capital Technical Advisory

CAPITAL TECHNICAL ADVISORY

Independent Facility Intelligence for Cannabis Investors & Lenders

Cannabis facilities are complex operating assets.

Behind every acquisition, loan, sale-leaseback, build-to-suit, or capital improvement program are critical assumptions about infrastructure, construction cost, schedule, equipment, and future capital requirements.

McCormick CEA Solutions provides independent technical intelligence to help investors and lenders understand those risks before capital is committed — and protect their investment after deployment.

Drawing on 25+ years of commercial construction experience and specialized expertise across cultivation, processing, and controlled-environment agriculture, we bridge the gap between financial underwriting and the physical realities of the asset.

Our advisory engagements are independent of the borrower, operator, and transaction parties — and firewalled from our construction operations.

ACQUIRE

Technical Due Diligence + CAPEX Underwriting

Know what you’re investing in.

McCormick evaluates the physical asset behind the transaction to identify infrastructure limitations, deferred maintenance, construction risk, and future capital requirements.

Services may include:

• Facility condition assessments
• Cultivation and processing infrastructure review
• HVACD and environmental systems assessment
• Electrical capacity and distribution review
• Plumbing, fertigation, and water infrastructure
• Building envelope and structural observations
• Equipment condition and remaining useful-life assessment
• Code and permitting review
• Proposed construction budget validation
• CAPEX forecasting
• Schedule and constructability review
• Replacement-cost analysis
• Technical input supporting investment underwriting

Better facility intelligence. Better capital decisions.

DEPLOY

Construction Monitoring + Capital Oversight

Protect capital from commitment through completion.

McCormick provides independent oversight during construction, expansion, and tenant-improvement programs to help capital providers understand where their money is going and whether the project is performing as represented.

Services may include:

• Preconstruction and budget review
• Contractor and proposal evaluation
• Construction schedule review
• Draw-request verification
• Site inspections and progress reporting
• Change-order analysis
• Cost-to-complete monitoring
• Schedule and milestone tracking
• MEP and HVACD coordination review
• Commissioning oversight
• Punch-list and closeout review
• Capital deployment reporting

Independent oversight for capital-intensive facilities.

RECOVER

Distressed Asset Assessment + Repositioning

When an asset or operator encounters trouble, decisions need to happen quickly.

McCormick helps investors and lenders understand the physical condition, remaining value, and redevelopment requirements of distressed or underperforming cannabis facilities.

Services may include:

• Rapid facility assessment
• Infrastructure and equipment inventory
• Deferred-maintenance analysis
• Cost-to-complete assessment
• Existing construction evaluation
• Equipment salvage and reuse analysis
• Replacement-cost analysis
• Facility stabilization planning
• New-operator readiness assessment
• Retrofit and redevelopment budgeting
• Alternative-use evaluation
• Recommissioning and restart planning
• Construction management for repositioning

Understand what remains. Determine what it needs. Protect what can be recovered.

EXPERIENCE BEHIND THE ADVICE

• 3M+ SF — Cultivation, Processing & Retail Facilities
• 19 States — National Cannabis Facility Experience
• 25+ Years — Commercial Construction Experience
• 8+ Years — Controlled Environment Agriculture

Experience includes work involving privately held operators and major multi-state operators across cultivation, processing, retail, and controlled-environment facilities.

CAPITAL MEETS CONSTRUCTION

Financial underwriting tells you what the investment should do.
We help determine whether the facility can actually support it.

Related reading: Cannabis Grow Room HVAC Problems? Audit the Building First