The story centres on a man whose one-night stand with a free spirit leaves him stranded in a community of marijuana farmers in Northern California.
Jeremy Strong and Fairuza Balk star alongside Peter Bogdanovich, Frances Conroy, Brad Dourif and Chris Messina. Jason Weiss produced.
Magnolia plans a September theatrical roll-out. Senior vice president Tom Quinn and head of business affairs Jason Janego brokered the deal with David Garber of Lantern Lane on behalf of the film-makers.