A non-operating company can still own assets and lease them to other companies or distributors
If a third-party manufacturing facility exists that can readily produce Snobar for these purposes and PACV hasn’t been taking advantage of it, then it’s probably not worth the added expense because it’s not profitable.
I also don’t think the Receiver would downplay the company’s current state of affairs as it relates to Snobar. One thing I have learned is that court filings are much more reliable than SEC filings.