Cibus Holding LLC takes Spicy Pickle private

Spicy Pickle Franchising Inc. has been acquired by Cibus Holding LLC, a Denver-based company representing lenders that called in loans totaling $4.75 million after the now 22-unit sandwich chain defaulted, officials said Thursday.

Following an auction held earlier this week, Cibus Franchising LLC, a subsidiary of Cibus Holding, emerged as the new owner of Spicy Pickle, as well as sister brand BG Urban Cafes/Grills, an 11-unit bakery-café concept the company was developing in Can

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