Michigan marijuana company Skymint’s equipment to be auctioned
A two-day auction is scheduled for next month to sell the remaining equipment assets formerly owned by defunct Michigan marijuana company Skymint.
Skymint 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 of marijuana cultivation, production, lab and warehouse equipment.
The auction comes nearly a year after Alberta, Canada-based Tropics LP acquired most of Skymint’s assets after placing a $109.4 million stalking-horse bid for Skymint.
Tropics LP is owned by an affiliate of SunStream Bancorp, which is a joint venture involving another Canadian cannabis company, SNDL.
The auction lot will feature more than 1,000 items, including:
- Loynds candy machinery.
- Distillation equipment, centrifuges and crystallization chambers.
- Homogenizers, freezers and ovens.
- 150 laptops and hundreds of label printers.
- Gas chromatographs, lab scales and bioreactors.
“The Skymint auction offers one of the largest and most advanced selections of cannabis-related equipment available on the secondary market,” Robert Levy, president of Robert Levy Associates, said in a statement.
“Many items are brand new, providing a tremendous opportunity for buyers to upgrade or expand their operations efficiently.”
After Skymint’s other assets were auctioned, SNDL said Tropics would not purchase the Michigan operator’s “uneconomic cultivation, equipment, and retail leases representing more than $12 million of annual fixed obligations.”
