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Auction Details
Auction Address:
607 Wildwood Ave,
Jackson, MI 49201
Date/Time:
Aug. 17, 2026, 11:00 AM
Auction Description
Notice of Uniform Commercial Code ("UCC") Article 9 Sale
Re: Common C Holdings LP, Common C Services LLC, Common C Equipment LLC
Common C Properties LLC, Great Lakes Farms Properties LP, ZKD Holdings LLC & CC HoldCo LLC
Interested parties may contact Paul Cotto at 617-227-6553 or by email at pcotto@pesco.com
NOTIFICATION OF DISPOSITION OF COLLATERAL
(PUBLIC SALE)
This is Notice of Uniform Commercial Code ("UCC") Article 9 Sale of Debtors' Property ("Notice") is provided by Chicago Atlantic Admin, LLC ("Secured Party"), the holder of one or more notes ("the Notes") made by the Debtors ( as defined herein) in favor of the Secured Party pursuant to the terms of that certain Credit Agreement dated as of March 5, 2021 (as amended from time to time, the "Credit Agreement") by and between COMMON C GP, LLC, a Michigan limited liability company ("General Partner"), COMMON C HOLDINGS LP, a Delaware limited partnership ("Parent"), COMMON C SERVICES, LLC, a Michigan limited liability company ("CC Services"), COMMON C EQUIPMENT, LLC, a Michigan limited liability company ("CC Equipment"), COMMON C PROPERTIES, LLC, a Michigan limited liability company ("CC Properties"), GREAT LAKES FARMS PROPERTIES LP, a Delaware limited partnership ("GLFP"), CC HOLDCO LLC, a Michigan limited liability company ("CC HoldCo") and ZKD Holdings, LLC, a Michigan limited liability company ("ZKD", together with General Partner, Parent, CC Services, CC Equipment, CC Properties, GLFP, and CC HoldCo, collectively, individually and collectively, as the context may require, each, a "Debtor",and collectively, the "Debtors"), the Lenders party thereto and the Secured Party, in its capacity as the administrative agent for the Lenders and as collateral agent for the Lenders, which such Credit Agreement and Notes are secured by certain Collateral (as hereinafter defined) provided by the Debtors pursuant to the terms of that certain Security Agreement dated as of March 5, 2021 (as amended from time to time, the "Security Agreement") by and between the Secured Party and the Debtors, as grantors thereunder. The Debtors have defaulted for failure to comply with certain covenants under the terms of the Credit Agreement and the other loan documents related thereto (the "Loan Documents").
UCC 9-613(1)(B)- Description of the Collateral
Each Debtor has unconditionally granted to the Secured Party a security interest pursuant to the terms of the Security Agreement and as set forth on Schedule I hereto (collectively, the "Collateral"). Notwithstanding anything to the contrary contained herein, the term "Collateral" shall not include: (i) any of the Debtors' assets in which Seller does not have a first priority security interest; (ii) any assets not owned by the Debtors, including any leased assets; (iii) any contract, agreement, lease, license, permit or other right, which by its terms or by law is non-assignable; (iv) all other assets of the Debtors that are not explicitly included as part of the Collateral; and (v) the membership interests of CC Services and the membership interests of CC HoldCo, provided however that the Collateral shall include all of the assets of CC Services and CC HoldCo which are described on Schedule I hereto.
FOR FULL INFORMATION PLEASE SEE ATTACHMENT TITLED "Common C Notice of Sale"
UCC 9-613(1)(C) - Method of Intended Disposition
The Secured Party will sell the Collateral by public auction ( the "Auction") to the highest qualified bidder as follows:
- Day and Date: Monday, August 17, 2026
- Time: 11:00 a.m. Eastern Standard Time / 10:00 a.m. Central Time
- Place: Law Offices of Fleming & Fleming, P.C., 607 Wildwood Avenue, Jackson, MI, 49201 and virtually via Zoom conference or similar video teleconference platform
The money received from the sale (after paying our costs) will reduce the amount the Debtors owe. If the sale results in proceeds less than the amount owed, the Debtors will still owe the difference. If the sale results in proceeds that are more than the amount owed, those creditors with junior interests in the Collateral will receive proceeds, with any excess sale proceeds then provided to the Debtors.
Secured Party reserves the right, on or prior to the Day and Date of sale above, to modify, waive or amend any terms or conditions of any sale or impose any other terms or conditions on any sale and, if Secured Party deems appropriate, to reject any bids or to continue or adjourn sale, all without prior notice. Notwithstanding anything to the contrary herein, all terms of the sale are at Secured Party's discretion.
For Full Terms & Conditions, please refer to Document Titled "Common C Notice of Sale" All other terms will be announced at the Auction. If you are not able to download the document, please contact Paul Cotto at Pcotto@pesco.com for a copy of the notice to be sent by fax or email.
"ALL ASSETS TO BE SOLD "AS-IS", "WHERE-IS", "HOW-IS" WITH NO REPRESENTATION OR WARRANTY OR GUARANTEE AND THERE ARE NO REPRESENTATIONS OR WARRANTIES RELATING TO TITLE, POSSESSION, QUIET ENJOYMENT, MERCHANTABILITY OR FITNESS, AND EACH ARE EXPRESSLY DISCLAIMED."
Auction Location
607 Wildwood Ave, Jackson, MI 49201 & By Zoom Meeting