Heritage Global Partners to Conduct Online Auction of Cannabis Processing and Production Equipment from The Cannabist Company

Key Terms

hydrocarbon extraction technical

Hydrocarbon extraction is the process of removing hydrocarbons—crude oil, natural gas, and similar organic fuels—from underground or underwater geological formations using drilling, well stimulation, mining, or in-situ recovery methods. It matters to investors because the chosen extraction techniques determine how much fuel can be produced, how quickly and cheaply it can be brought to market, and the scale of environmental and regulatory risks, all of which affect a producer’s revenue, costs, and valuation; think of it like the tools and yield a farmer uses to harvest a crop.

distillation technical

A process that separates or purifies liquids by heating a mixture to vaporize one or more components and then cooling the vapor to collect them as liquids again. Think of it like boiling a pot to capture steam and condense it into a purer liquid; different substances come over at different temperatures. It matters to investors because it shapes product quality, production efficiency, operating costs and regulatory compliance in industries such as chemicals, oil, pharmaceuticals and food.

hvac technical

HVAC stands for heating, ventilation and air conditioning — the systems that control temperature, airflow and indoor air quality in buildings. Investors care because HVAC drives operating costs, energy use, tenant comfort and regulatory compliance; like the engine and insulation of a building, efficient modern systems can lower bills, reduce repair and replacement spending, and preserve property value, while outdated units can create unexpected expenses and vacancy risk.

decontamination and remediation technical

The processes of decontamination and remediation involve removing, neutralizing or containing hazardous substances—such as chemicals, biological agents, or polluted soil and water—from people, equipment, buildings or land. Think of it like cleaning a contaminated house before it can be safely occupied or sold: these activities matter to investors because they affect cleanup costs, legal and regulatory liabilities, property values, project timelines and the ability to use or redevelop assets.

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SAN DIEGO--(BUSINESS WIRE)-- Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, announced it will conduct an online auction featuring a comprehensive offering of cannabis processing, production, packaging and facility support equipment formerly utilized by The Cannabist Company.

The auction features a broad selection of late-model equipment supporting nearly every stage of cannabis production and processing, including extraction, distillation, confection manufacturing, filling, packaging, post-harvest processing, environmental controls and facility infrastructure. The assets are located in Vineland, New Jersey; Denver, Colorado; and Aurora, Illinois.

Bidding opens Aug. 13, 2026, at 7:00 a.m. EDT and begins closing Aug. 14, 2026, at 12:00 p.m. EDT.

Asset Highlights:

• Complete cannabis extraction, distillation and production equipment
• Hydrocarbon extraction systems
• CandyWorx automated candy/gummy depositor
• Primo Combi multi-head weighing and packaging system
• Thompson Duke cartridge filling machines
• GreenBroz stainless steel dry trimmers
• Cultiva System HVAC air handling units
• Rad Source RS 420-XL decontamination and remediation system
• Commercial grow room and environmental control systems
• Fleet of 2015–2022 Dodge ProMaster cargo vans

"This is one of the most comprehensive cannabis production equipment auctions the market has seen in a long time," said David Barkoff, Senior Vice President of Heritage Global Partners. "We have multiple facilities, all in one sale, for a wide range of buyers looking for turnkey processing systems, extraction systems, lab equipment, confectionary equipment, packaging equipment, sophisticated HVAC and environmental controls, and more. This sale presents an exceptional opportunity for companies looking to expand production capacity, replace existing equipment or acquire proven industrial assets ready for continued use."

The auction is expected to attract cannabis operators, food and confection manufacturers, pharmaceutical and botanical processors, industrial manufacturers, equipment dealers and international buyers seeking specialized production equipment.

"Our team continues to see strong demand for high-quality industrial assets across specialized manufacturing sectors," said Nick Dove, President of Heritage Global Partners. "By bringing these assets to the global marketplace through our online auction platform, we help maximize value for our client while providing buyers with access to quality equipment that can be deployed quickly and efficiently."

Interested bidders may view the complete catalog Here and register to bid.

Heritage Global Partners, Inc. (“HGP”)
HGP is a subsidiary of Heritage Global Inc. (NASDAQ: HGBL). HGP operates under the Industrial Assets business unit and is a full-service auction, liquidation and asset advisory firm which holds a prominent spot in the industrial sectors including Aerospace, Automotive, Aviation, Biotech, Broadcast & Postproduction, Chemical, Electronics Manufacturing, Energy, Food & Beverage, Heavy Construction, Metalworking, Oil & Gas, Pharmaceutical, Plastics, Printing, Real estate, Semiconductor, Solar, Textile & Woodworking, and others. HGP conducts 150-200 auction projects per year, globally.

Heritage Global Inc. (“HG”)
HG values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. This aids in facilitating the circular economy by diverting useful industrial assets from landfills and operating an ethical supply chain by overseeing post-sale account activity of financial assets. Specialties consist of acting as an adviser, in addition to acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, and charged-off account receivable portfolios through its two business units: Industrial Assets and Financial Assets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260727154658/en/

David Barkoff
Senior Vice President, Heritage Global Partners
650-759-2242
dbarkoff@hginc.com

John Nesbett/Jennifer Belodeau
IMS Investor Relations
203-972-9200
InvestorRelations@HGinc.com

Source: Heritage Global Partners