Report MJ Biz
The brokers dealing with the sale of the cash-strapped marijuana publication's property and the Excessive Instances model are nearing a deal to dump its West Hollywood retailer.
A separate purchaser positioned a six-figure bid on 42ο.com, one among a number of Excessive Instances property on the market.
Excessive Instances, one of the crucial standard manufacturers within the hashish trade, went into receivership in April.
The stalking-horse bid will set the tempo for the web asset, with different bidders anticipated to up the ante in subsequent bids.
“My aim is to maximise gross sales for the receipt,” stated Drew Matthews, whose Inexperienced Life Enterprise Group is dealing with the liquidation course of. MJBizDaily reporter Chris Casacchia.
Different property on the market, in line with Inexperienced Life's advertising supplies, embrace:
- 5 working or constructed warehouses in California in Blythe, Coalinga, Redding, San Bernardino and Shasta Lake.
- A distribution, manufacturing and supply operation in Lynwood.
- A ten,000 sq. foot cultivation enterprise in Sacramento.
- Mental property, together with Excessive Instances journal and its associated property, 420.com, Dope Journal, Hashish Cup occasions, social accounts and extra.
Matthews stated the asset might fetch greater than $11 million, though the window for commerce offers is closing with the Might 17 deadline approaching.
Try Chris's story to be taught extra about what Matthews calls “one of many greatest offers ever via a crate.”
https://mjbizdaily.com/marijuana-brand-high-times-assets-in-receivership/
