Temescal Wellness Archives - Green Market Report

Debra BorchardtJune 21, 2023


Maryland-based Temescal Wellness Maryland, better known as Evermore Cannabis is headed to the auction block on Monday June 26, 2023. The company apparently defaulted on a loan from the lenders Ascend Maryland 2 LLC. The assets are being sold as they were used to secure the loan.

The assets include:

  • Cannabis cultivation operations 2200 Girard Ave. Baltimore, MD including the cannabis license and equipment need to operate.
  • All cannabis production and kitchen operations at 8 Gwynns Mill Court in Ownings Mill, MD including the cannabis license and equipment need to operate.
  • The dispensary operation at 1636-1638 Reistertown Rd., Baltimore, MD including the cannabis license and equipment need to operate.

In 2021, AFC Gamma, Inc. (NASDAQ:AFCG) provided a credit facility of $15.5 million to The Evermore Cannabis Company. The credit facility was designed to provide Evermore with additional capital for the expansion of its cultivation and manufacturing facility in Baltimore, Maryland and to consolidate and streamline its ownership structure.

Evermore, which takes it name from the famous Edgar Allen Poe poem “The Raven.” Poe lived in Baltimore for a short period of his life. The company was established in 2016.

Tax Trouble

In 2020, the company filed a lawsuit claiming that Colorado-based payroll processor Faces Human Capital and kept $115,000 meant to cover employee federal and state taxes in 2018 and have failed to repay it. Temescal said in the complaint that Faces illegal conduct has caused over $135,000 in damages to the company, in the form of Federal and State tax payments, legal and accounting fees, penalties and interest.

Temescal has apparently had bad luck in picking vendors. It also filed a complaint against Texas-based Employer Tools & Solutions Inc., which does business as ETS Payroll. Temescal said in its complaint that ETS did not make direct deposits to employees or pay their state and federal taxes during the latter half of 2018, and that the amount outstanding was $175,000.

Evermore was created in 2018 when the company separated from Temescal Wellness. At that time Evermore was Baltimore City’s only licensed medical cannabis cultivator and processor. The original Temescal Wellness is in New Hampshire and Massachusetts.



StaffApril 20, 2023


The Daily Hit is a recap of the top financial news stories for April 20, 2023.

On the Site

More Cannabis Investments Busted

Unsuspecting investors trusted these cannabis companies which they now accuse of fraud. The desire to be a part of the cannabis industry and promises of quick and hefty returns have caused many investors to lose their money. Read more here.

Police Pilot Roadside Cannabis Test in Missouri

A neuro-diagnostic company, Oculogica, said it has launched a pilot program to trial a new roadside cannabis test that supposedly provides immediate results, with a wider release slated toward the end of the year. Read more here.

Oregon Issues First Licenses For Psilocybin Facilitators

Oregon Health Authority (OHA) released a statement on April 18 noting that the authority had licensed the state’s first three facilitators for providing psilocybin services. Read more here.

GRN Holdings Completes Acquisition of Mendocino Green

GRN Holding Corporation, Inc. (OTC Pink: GRNF) has completed the purchase of Mendocino Green Inc, which includes a cultivation license, nursery license, and distribution license from one of the oldest cannabis license holders in California. Read more here.

Massachusetts Company Flips the Script on 4/20

April 20 may be the biggest sales day of the year for the vast majority of cannabis retailers, but Temescal Wellness is placing its priorities on employee mental health rather than profits for this year’s marijuana holiday. Read more here.

In Other News

Dutchie Outage on 4/20

Technology platform Dutchie, which provides point-of-sale (POS) hardware for cannabis retailers across the United States, reported interruptions and outages on Thursday – the unofficial marijuana holiday 4/20 and one of the biggest sales day of the year in the industry. Read more here.


The marijuana industry in Illinois is expanding with more dispensaries set to open, but some workers are asking lawmakers to fix some of the rules. Read more here.


A bill in the Minnesota Legislature to legalize adult-use cannabis appears to be nearing the finish line, with a vote apparently in the state House slated for Monday. Read more here.

Get the latest cannabis news delivered right to your inbox

The Morning Rise

Unpack the industry with the daily cannabis newsletter for business leaders.

 Sign up

About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


Recent Tweets

Get the latest cannabis news delivered right to your inbox

The Morning Rise

Unpack the industry with the daily cannabis newsletter for business leaders.