HYPERAMS to Conduct Auction of Surplus Assets to the On-Going Operations of GenCanna in Partnership with The Branford Group and Perfection Industrial

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Auction of Well-Maintained Agricultural Equipment in Lexington, Kentucky

"This is an unparalleled global opportunity to buy late-model, low-hour, and well-maintained agricultural equipment for our agricultural customers and those who are part of the burgeoning hemp farming industry."- HYPERAMS Assistant Director of Auction Services Jake Josko

HYPERAMS, LLC, in partnership with the Branford Group and Perfection Industrial, announced it will conduct an online auction of surplus assets owned by Kentucky-based GenCanna Acquisition Corp, a large vertically-integrated producer of hemp-derived CBD (cannabidiol) products.

The auction will feature John Deere tractors, Goweil round baler/wrapper combos, Knoll Agronic multi-Balers & conveyors, FastAg boom sprayers, Patz compost mixers, tillage, transplanters, cultivators, farm equipment, and utility vehicles, among many other assets.

According to Andy Duncan, Vice President of Business Development at the Branford Group, “This is a fantastic opportunity for hemp processors, CBD producers, & agricultural & farming companies to purchase late model equipment. Most of the assets were purchased in 2019 and all of the equipment has low hours/little use.”

HYPERAMS Assistant Director of Auction Services Jake Josko agreed. “This is an unparalleled global opportunity to buy late-model, low-hour, and well-maintained agricultural equipment for our agricultural customers and those who are part of the burgeoning hemp farming industry.” Josko continued, “For the safety of bidders, an online-only auction will be held. However, the online bidding platform makes it easy for everyone – including business operators in the field - to simultaneously bid on the outstanding offering of high-quality equipment we have available.”

Featured assets include (6) John Deere tractors, all equipped with GPS and AG Leader Guidance Systems; (2) 2019 FastAg Boom Sprayers; (2) 2019 Göweil Model LT-Master Round Baler/Wrapper Combos; (2) 2019 Unierco Model Eco Weeders, and (2) 2019 KBH 2600 Gallon Gooseneck Trailers, among several other pieces of well-kept equipment. Other brands represented include Kennco, Patz, and Kuhn Krause.

The online auction will be held on Tuesday, September 15, 2020 with lots beginning to close at 10:00 AM EST. Preview and inspection of the assets will be available Monday, September 14, 2020 by appointment at 267 North Cleveland Road, Lexington, Kentucky. A separate auction consisting of IT assets and electronic controls will follow shortly.

For more details on how to register for this highly-anticipated auction, please visit http://www.HYPERAMS.com or contact Assistant Director of Auction Services Jake Josko at jjosko@hyperams.com

About HYPERAMS, LLC

HYPERAMS is a full-service auction, appraisal, retail advisory and liquidation, and reverse logistics firm. The Company specializes in assisting both distressed and healthy companies manage surplus assets by providing clients with a complete asset disposition strategy. The Asset Disposition division focuses on investing in excess assets and conducting live and webcast auctions. The Appraisal division provides valuations of machinery, equipment, and inventory in most industry verticals. Since its inception, HYPERAMS has performed hundreds of appraisals, auctions, and store closings on behalf of financial institutions, restructuring/turnaround professionals, private equity firms, as well as business owners.

About The Branford Group

The Branford Group is a global industrial auction and valuation business with proficiency across a wide array of industries, and the unparalleled expertise to match buyers and sellers around the world. For more than 30 years, The Branford Group has been a recognized leader in surplus industrial machinery and equipment auctions and valuations. The Branford Group’s certified and experienced auctioneers and appraisers’ value and sell business equipment, entire manufacturing plants, complete warehouses, real estate or intellectual property (IP) across a diverse array of industries.

About Perfection Global, LLC

Perfection Global, LLC is a used industrial asset specialist that has served the manufacturing market for almost 60 years. The Company specializes in both live and online industrial machinery & equipment auctions, as well as plant liquidations and turnkey opportunities. Perfection’s services have expanded to include appraisals, auctions, and ongoing asset management programs.

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Bethany Lennon
@HYPERAMS
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