The Alberta Court of King’s Bench has cleared the way for a Calgary cannabiis business and production facility to be sold.

The court has authorized receiver Alvarez and Marsal to commence a sale and investment solicitation process on financial troubled Ogen and its assets. Either or both may be sold. Ogen was placed in receivership in November.

Located at 5430 30th Street S.E., the large-scale indoor production facility spans 57,000 square and is equipped with 16 grow rooms. According to an Alvarez & Marsal news release, the facility was formerly one of the largest of its kind in Alberta. The newly renovated facility can grow plants other than cannabis and includes office, warehouse and distribution spaces.

The property also includes the land on which the facility is based.

Alvarez & Marsal said in a court filing that it plans to engage sales and marketing agents and conduct the SISP in two phases.

The receiver will accept letters of intent from prospective buyers and then consider formal binding offers from parties shortlisted to bid.

Any sale agreement will be subject to court approval.