Lender Says Co. Defaulted On $5M Loan, Tanked Pot Site Value

By Jonathan Capriel · June 17, 2026, 5:02 PM EDT

A cannabis real estate company and an affiliate gutted a $27 million cultivation facility, stopped paying taxes on it and defaulted on a $4.6 million clean-energy loan, according to a federal...

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Documents

Case Information

Case Title

PACEWell 3 LLC v. Pincanna - Real Estate Grow, LLC et al

Case Number

2:26-cv-12012

Court

Michigan Eastern

Nature of Suit

Contract: Other

Date Filed

June 16, 2026