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