Notice of Auction and Sale of Receivership Property – Cannabis

Gene R. Kohut of Trust Street Advisors, LLC in his capacity as court-appointed receiver (the “Receiver”) of Green Peak Industries, Inc., District Bay, LLC, The District Park, LLC and GPIMD Corp. (collectively, “Skymint”) is conducting an auction for the sale of substantially all assets of Skymint.

Skymint operates a large network of cannabis provisioning centers across Michigan -including locations in Ann Arbor, Metro Detroit, Bay City, Lansing, Flint, Saginaw, Muskegon, Kalamazoo and Portage.

Pursuant to an order entered by the Ingham County Circuit Court on June 21, 2023 (the “Approval Order”), an Auction for the sale of Skymint’s assets has been scheduled for August 8,2023, at 11:00 a.m. (Eastern Time). Any and all parties desiring to participate in the Auction must make a qualified bid consistent with the procedures established by the Approval Order no later than July 28, 2023. The Approval Order authorizes the Receiver to conduct an Auction, sets forth the bidding procedures for the Receiver to sell Skymint’s assets free and clear of all liens, interests and encumbrances, and approves a proposed form of a purchase agreement (the “Stalking Horse Purchase Agreement”). A complete copy of the Approval Order, the Stalking Horse Purchase Agreement, the Bidding Procedures, and all related materials can be obtained by request from the Receiver’s counsel identified below.

Those interested in submitting a bid for consideration should contact the Receiver’s counsel, David Dragich or Amanda Vintevoghel-Backer, at The Dragich Law Firm PLLC, (313) 886-4550,

Published by NCV Newswire
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