Gene R. Kohut of Trust Street Advisors, LLC in his capacity as court-appointed receiver (the “Receiver”) of Comco, LLC (“Comco”) is conducting an auction for the sale of substantially all business assets of Comco.
Comco is in the business of cultivating, producing, processing, and distributing medicinal and recreational cannabis and cannabis related products. Comco operates several cannabis provisioning centers located in Jonesville, Michigan and Hanover, Michigan.
Pursuant to an order entered by the Jackson County Circuit Court on January 12, 2024 (the “Approval Order”), an auction for the sale of Comco’s assets has been scheduled for February 26, 2024, at 12:00 p.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 February 16, 2024. The Approval Order authorizes the Receiver to conduct an auction, sets forth the bidding procedures for the Receiver to sell Comco’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, comcoauction@outlook.com.
