The Successor Receiver, by its appointment of this Court on May 16, 2023, and upon
review of the remaining assets of this receivership estate, believes that the intentions of
R.S.Mo. § 515.645 would be best conducted by the sale of the Appeal Rights (defined below) by way of a sealed bids and related bidding process between the top bids received, with initial
bids received no later than 5:00p.m. CST on July 22, 2024 via e-mail to the Successor
Receiver at eric@nmblstrategies.com and said final bids to be submitted by the Final
Qualified Bidders (defined below) no later than 5:00p.m. CST on July 23, 2024, with the
final and winning bid to be announced no later than 12:00p on July 24, 2024 (unless an
enlargement of time is deemed necessary by receiver as to the announcement of the final
bid).
As this Court and parties are aware, following the initial auction for the sale of certain
assets in August 2023, CannaVer retained its ownership interest in the appeal rights
subsequent to the State of Missouri’s denial of CannaVer’s three cultivation medical
marijuana facility license applications and two dispensary medical marijuana facility
applications (collectively, the “Appeal Rights”). The Appeal Rights are the subject of an
administrative hearing currently pending before the Administrative Hearing Commission for
the State of Missouri, bearing consolidated Case Nos. 20-0496, 20-1127 (the
“Administrative Cases”).