Success Story
Hemp2Lab Recovers $200K Through Strategic On-Site Auction
SIGMA Auction partnered with a Tennessee-based CBD venture, Hemp2Lab, exiting the market after conditions shifted. In roughly three months, our on-site auction process cleared the facility and delivered $200,000+ in recovery value, providing speed, certainty, and a clean exit for the owners.
Type of Auction
On-Site
Location
Tennessee
The Challenge
The client invested in state-of-the-art lab equipment, anticipating THC legalization in Tennessee. But when legalization stalled and the CBD market became oversaturated, demand collapsed, and the business could no longer continue.
Closing the facility meant they needed to:
Recover Value
Sell specialized hemp/CBD lab assets for maximum return
Rely on Guidance
Understand market demand and pricing through expert support
Meet a Deadline
Complete the sale within a three-month timeline
The Solution
SIGMA Auction applied its proven on-site auction process to maximize recovery and keep the exit on schedule.
On-Site Cataloging
SIGMA’s team cataloged and photographed more than 90 lots directly at the client’s facility, keeping assets in place so buyers could see them in their natural environment, boosting confidence and eliminating unnecessary moving costs.
Specialized Buyer Outreach
Executed targeted marketing campaigns to the hemp/cannabis equipment community, including a niche partner to extend reach and drive qualified bidders.
Market Guidance & Campaign Cadence
Provided pricing guidance and a focused two-month marketing run-up, then executed the sale inside the three-month window.
Buyer-Managed Removal
Buyers coordinated their own removal of equipment, keeping the process simple for the client and avoiding additional logistic expenses.
The Impact
The auction achieved strong results across every key measure:
-
- $200,000+ recovered from surplus hemp/CBD lab equipment
- 97% sell-through (90 of 92 lots sold)
- Expanded buyer pool through specialized outreach, including selective pre-auction interest
- Positive client feedback on results and customer service
The client exited on schedule, recovered value from high-quality assets in a crowded market, and praised SIGMA’s customer service throughout the process.
The numbers
$200K
Recovered from Assets
97%
Percentage of Lots Sold
3
Month Timeline Met
90+
Lots Cataloged and Marketed
Ready to See What SIGMA Auction Can Do for You?
Whether you’re closing a facility, restructuring a business, or winding down a venture, SIGMA Auction’s on-site process helps you move fast, cut costs, and recover maximum value.
Contact us to discuss your next project.
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