Herbl’s meteoric fall and ensuing receivership are nearing an end.
Two buyers placed winning auction bids totaling more than $1.4 million to acquire certain assets from the defunct California marijuana distributor, according to court documents and industry sources.
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MJBizDaily also confirmed that a bundled package of unsettled Herbl legal disputes was acquired by Beverly Hills law firm Ervin Cohen & Jessup for an undisclosed amount.
California distribution giant Nabis confirmed last week that it acquired Blackbird, a Nevada distributor that entered receivership after Herbl’s collapse in June 2023.
Nabis acquired the company for $850,000, according to a listing update from WeCann, the Orange County, California-based firm handling Herbl’s asset sales on behalf of Kevin Singer, Herbl’s court-appointed receiver.
Blackbird was acquired by Herbl
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