Havana v. JERB

CourtColorado Court of Appeals
DecidedJuly 10, 2025
Docket23CA1512
StatusUnpublished

This text of Havana v. JERB (Havana v. JERB) is published on Counsel Stack Legal Research, covering Colorado Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Havana v. JERB, (Colo. Ct. App. 2025).

Opinion

23CA1512 Havana v JERB 07-10-2025

COLORADO COURT OF APPEALS

Court of Appeals No. 23CA1512 City and County of Denver District Court No. 21CV33157 Honorable J. Eric Eliff, Judge

Havana Operator, LLC, a Colorado limited liability company, and 51st Property Management Group, LLC, a Colorado limited liability company,

Plaintiffs-Appellants,

v.

JERB Limited, a Colorado limited liability company,

Defendant-Appellee.

JUDGMENT AFFIRMED

Division I Opinion by JUDGE WELLING Schock and Berger*, JJ., concur

NOT PUBLISHED PURSUANT TO C.A.R. 35(e) Announced July 10, 2025

Wysocki Law Group, P.C., Jeremy S. Wysocki, Zachary Crow, Denver, Colorado, for Plaintiffs-Appellants

Holland & Hart LLP, Matthew J. Smith, Nicholas W. Katz, Denver, Colorado, for Defendant-Appellee

*Sitting by assignment of the Chief Justice under provisions of Colo. Const. art. VI, § 5(3), and § 24-51-1105, C.R.S. 2024. ¶1 Plaintiffs, Havana Operator, LLC (Havana) and 51st Property

Management Group, LLC (51st Property), appeal the trial court’s

entry of judgment against them in their breach of contract action

against defendant, JERB Limited (JERB). We affirm.

I. Background

A. Factual Background

¶2 Havana owned state and local marijuana cultivation licenses

that allowed for the cultivation of marijuana at a unit located on

East 101 Avenue (Unit 101). 51st Property held the commercial

leasehold interest for Unit 101 and Havana subleased Unit 101

from 51st Property. 51st Property leased the location from 51st

Montebello, LLC (the Landlord). Although Unit 101 was licensed for

marijuana cultivation, the plaintiffs only used the space for storage.

51st Property’s lease with the Landlord was set to expire in April

2023 and contained a three-year renewal option.

¶3 On March 4, 2021, JERB sent Havana a letter of intent for an

asset purchase agreement (APA) that contemplated JERB’s

purchase of Havana’s marijuana cultivation licenses for Unit 101

and the remainder of 51st Property’s leasehold interest in Unit 101.

In this letter of intent, JERB stated that its obligation to close the

1 proposed transaction was conditioned on “a new lease for [Unit 101]

on terms satisfactory to [JERB],” among other things.

¶4 On March 24, 2021, the plaintiffs and JERB entered into the

APA. In the APA, JERB agreed to purchase the remainder of 51st

Property’s leasehold interest in Unit 101 and the corresponding

marijuana cultivation licenses from Havana. But the APA

conditioned closing on the execution of an assignment and

assumption agreement for Unit 101 and final governmental

approval — both state and local — for a change in ownership to the

marijuana cultivation licenses.

¶5 Section 4 of the APA provided as follows:

At Closing, [JERB] and 51st Property shall enter into an assignment and assumption agreement in a form to be agreed upon by Landlord, 51st Property, and [JERB] (the “Assignment and Assumption Agreement”) whereby the Leasehold Interest and all other rights and obligations of 51st Property under the Lease Agreement shall be assigned by 51st Property to [JERB] and shall be assumed by [JERB]. 51st Property represents and warrants that the Leasehold Interest shall be free and clear of any and all Liens and shall be in good standing and not in default as of April 1, 2021[,] and as of Closing.

2 ¶6 Section 3 of the APA required JERB to make periodic

payments into an escrow account toward the purchase price for the

assets contemplated by the APA and the rent accruals on Unit 101

between April 11, 2021, and the closing date. Section 11 of the APA

allowed JERB to conduct a due diligence investigation of Unit 101,

including building inspections. Under section 17 of the APA, JERB

could terminate the agreement if final governmental approval wasn’t

granted within six months of the March 24, 2021, effective date.

¶7 The plaintiffs drafted the language of the APA, including

section 4.

¶8 At the time that the parties entered into the APA, JERB

intended to use Unit 101 for marijuana cultivation and needed to

invest approximately $2.5 million into the space to bring it into

compliance with local and state codes and make it suitable for its

intended use. While Unit 101 had two grow rooms that could be

used immediately, JERB’s anticipated build-out was expected to

take four to five months for design and permitting, and another six

months for construction. Given JERB’s contemplated investment

and improvement to Unit 101, JERB wanted a longer lease term

than the three-year option to extend that 51st Property currently

3 held. Havana understood that JERB and the Landlord would

negotiate terms of a lease extension. 51st Property understood that

nothing in the APA, including section 4, prevented JERB from

seeking an extension of the lease once the lease had been assigned

to JERB. Nor did the APA expressly prevent JERB from seeking an

extension as part of the assignment.

¶9 Within days of executing the APA, JERB reached out to the

Landlord to start negotiating a lease term extension as part of the

assignment. JERB also communicated to the Landlord its hope

that the Landlord would reduce the rent for an initial period of the

extended lease given JERB’s anticipated investment in improving

Unit 101. The Landlord seemed open to discussing a lease term

extension with JERB but communicated to JERB that it wouldn’t

agree to an assignment of the current lease on Unit 101 until 51st

Property became current on rent and paid the approximately

$120,000 balance owed.

¶ 10 While JERB and the Landlord began negotiating the lease term

for the assignment of Unit 101, JERB and Havana worked together

to submit a change of ownership application to the Colorado

Marijuana Enforcement Division (MED) for Unit 101’s marijuana

4 cultivation licenses. In the application to the MED, the parties

included a letter of conditional consent for the lease assignment

from the Landlord, stating that the assignment of the lease for Unit

101 was contingent on the Landlord and JERB coming to “mutually

agreeable terms for any contemplated extension of the Lease

Agreement.” JERB sent a copy of this letter to Havana on March

31, 2021.

¶ 11 On April 1, 2021 — the day the APA provided that 51st

Property would be “in good standing and not in default” on

Unit 101 — 51st Property owed $128,000 in unpaid rent.

¶ 12 On April 27, 2021, the MED conditionally approved Havana

and JERB’s change in ownership application contingent on two

things: (1) the parties’ agreement on an effective date for the change

in ownership to take place and (2) local approval.

¶ 13 On May 7, 2021, the Landlord told 51st Property that it

couldn’t agree to a lease assignment with JERB for Unit 101

because 51st Property still owed past due rent. That same day, the

Landlord told JERB the same thing.

¶ 14 On May 13, 2021, 51st Property came current on its unpaid

rent to the Landlord.

5 ¶ 15 On May 18, 2021, Havana and JERB received conditional local

approval contingent on the parties’ ability to provide a copy of a

lease or lease assignment reflecting that JERB legally possessed

Unit 101.

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Havana v. JERB, Counsel Stack Legal Research, https://law.counselstack.com/opinion/havana-v-jerb-coloctapp-2025.