A two-day auction is scheduled for next month to sell the remaining equipment assets formerly owned by defunct Skymint, which entered receivership in March 2023 after defaulting on a loan. Robert Levy Associates and Solid Asset Solutions on Monday said in a news release that an online auction would be held Nov. 12-13 for a wide range
LANSING - Skymint’s primary lender, Tropics, LP, submitted the winning bid to purchase Skymint at the Aug. 8 auction held by the Receiver Gene Kohut, according to Kohut in an interview with Four20Post.Com. A hearing before Ingram County Circuit Court Judge Joyce Draganchuk scheduled for Aug. 23 to approve the purchase by Tropics was rescheduled
ANN ARBOR – The wave of consolidations in the Michigan cannabis market continued Tuesday when SKYMINT announced the acquisition of 3Fifteen Cannabis, the closing of its concurrent $70 million Senior Secured Term Loan from Tropics LP, an affiliate of SunStream Bancorp Inc., a joint venture initiative sponsored by Sundial Growers Inc., and its $8 million equity investment from
