/PRNewswire/ - SunStream Bancorp Inc. ("SunStream") is pleased to announce a receivership court order (the "Sale Order") granting the sale of certain assets of.
Michigan-based cannabis company, Skymint has been going through a rough patch lately, to say the least. Now, the cannabis operator prepares to be auctioned…
SunStream Bancorp said in a press release Monday it would pay existing employees and "certain" management while the receiver worked to stabilize finances or prepare the business for a sale.
The action by the Ingham County Circuit Court in Lansing signals what could be one of the largest marijuana company failures in the U.S. in the nearly decade-long span since the substance was legalized in certain states.