Aurora Appointed Federal Receiver to AgTech Scientific Group

Aurora Appointed Federal Receiver to AgTech Scientific Group

Charlotte, NC– On August 12, 2021 the Eastern District Court of Kentucky appointed Aurora Management Partners as Federal Equity Receiver for AgTech Scientific Group, LLC et al (case 5:21-cv-00190). The Parties stipulated and agreed to the appointment of Aurora Management Partners as Federal Equity Receiver for AgTech Scientific. The Aurora team overseeing the AgTech business includes David Baker, Managing Partner, a member of the National Association of Federal Equity Receivers (NAFER), Laura Kendall, Senior Managing Director, John Magee, Director, Matthew McEnerney, Senior Consultant, and Blake Tillis, Consultant.

Headquartered in Paris, Kentucky, AgTech Scientific is a vertically integrated food supplement company with CBD and hemp-based derivatives as its key ingredient(s) for sale both in bulk and in its proprietary consumer packaged goods line of products under the R2S brand. The Paris, KY High-Tech Greenhouse facility spans over 2 million square feet, includes a complete AG Processing Center, and year-round cultivation. The Extraction & Manufacturing Center less than 10 miles away is able to convert up to 14,000 lbs. of hemp flowers into over 500kgs of bulk formulates per day. The AgTech family includes partners and subsidiaries involved in hemp extraction, consumer packaged goods manufacturing and distribution.

Aurora is currently serving as Federal Equity Receiver for Independence Lumber, Inc (case 1:20cv637) as well as Timber Creek Holdings, et al. (case 1:2019cv02377), and Roberts Auto Center, LLC, et al.  (case 4:19-cv-00634-JED-JFJ). Aurora was previously appointed as Federal Equity Receiver for Pyote Water Systems in 2016, et al., as well as Knight Industries I LLC, et al.

Aurora Management Partners has grown to become one of the country’s most respected turnaround and restructuring consulting firms. The organization specializes in turnaround and restructuring consulting services, creditor services, investor services and corporate governance advisory services. The staff is capable of handling assignments from the simple and straightforward to those involving public or private companies facing multi-faceted and complex financial, operational, and strategic issues.