A Denver-based hemp consulting company has filed for Chapter 11 bankruptcy.
Lux Templum LLC said in its May 15 filing that it owes $2.8 million and has assets worth $421,985.
Companies use Chapter 11 bankruptcy protection to reorganize and help keep the business alive, paying creditors over time.
Lux Templum, which did not respond to a request for comment, describes itself on its website as a management and consulting company that “works with companies, governments and capital allocators around the world to help foster a thorough understanding of the hemp industry and how they may choose to participate in it.”
Chief Financial Officer John Lawrence signed the filing on behalf of the company, whose office address corresponds to a downtown Denver apartment. Lux Templum’s CEO is Christopher Brown, according to the company’s website.
In the filing, Lux Templum listed its largest creditor as Denver-based P2Bi Holdings LLC, owed $1.4 million in connection with a September 2019 dryer loan, although Lux Templum disputes that claim.
Attorney Robert Shilliday of Shilliday Law is representing the entity in bankruptcy proceedings.