Tropics LP has acquired most of the assets of Michigan cannabis company Skymint, which entered receivership this year after defaulting on a loan from Tropics. Tropics, which recently put in a $109.4 million stalking horse bid for Skymint, is owned by an affiliate of SunStream Bancorp, which is a joint venture involving Canadian cannabis company SNDL. The sale order will see … [Read more...] about Michigan marijuana firm Skymint’s assets bought from receivership
skymint
Creditor bids $109M for assets of Michigan cannabis company Skymint
Embattled Michigan marijuana cultivator and retailer Skymint, which is in receivership, will auction off its assets. According to Crain’s Detroit Business, Alberta-based Tropics LP has offered to acquire the assets of the Ann Harbor, Michigan-based company for $109.4 million, effectively setting the minimum purchase price. Tropics LP is Skymint’s largest creditor. Tropics LP is … [Read more...] about Creditor bids $109M for assets of Michigan cannabis company Skymint
