314 Pure Cannabis engaged in a Sales Process

| Contributor


On January 11, 2024, Harris & Partners Inc. was appointed as the receiver (the “Receiver”) of all the assets, undertaking and properties of 314 Pure Cannabis Ltd. (“314 Pure” or the “Company”) pursuant to an Order of the Court of King’s Bench of Alberta (the “Court”).  

The Company operated a cultivation and hydroponic growing cannabis facility located in Crossfield, Alberta (the “Facility”). The Facility is approximately 21,700 sq. ft. in size on a lot that is approximately 3.0 acres.

314 Pure also owns a total of approximately 15.61 acres of land surrounding the Facility, of which 12.61 acres have been deemed as excess land. 314 Pure owns the Facility and related production equipment. 

On February 9, 2024, the Receiver commenced a Sales Process (“Sales Process”). The Sales Process is being conducted in accordance with the procedures, which can be located on the Receiver’s website: www.hpiadvisory.com/314pure

Interested parties who wish to pursue a potential acquisition and receive additional diligence materials will be required to execute a Confidentiality Agreement, which can be obtained by contacting Avison Young directly ([email protected]; 403-232-4381).

Per the Sales Process, non-binding letters of intent must be submitted by no later than 5:00 pm (Calgary Time) on March  15, 2024.

Harris & Partners Inc.
Jill Strueby, Senior Vice-President
[email protected]