Former GenCanna receives approval of $1.03 million property sale

By Sarah Lizee

Olympia, Wash., Sept. 22 – OGGUSA, Inc., formerly GenCanna Global USA, Inc., received approval to sell property located in McCracken County, Ky., to Coe Holding Co., LLC, according to an order filed Monday with the U.S. Bankruptcy Court for the Eastern District of Kentucky.

The purchase price is $1.03 million.

Closing is expected on or before Oct. 19.

Winchester, Ky.-based GenCanna is a vertically integrated agriculture-technology company specializing in the production of hemp rich in CBD. The company filed bankruptcy on Feb. 6, 2020 under Chapter 11 case number 20-50133.

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