[Webinar] Restructuring Options in Cannabis: Receiverships
Jan 23, 2023
Businesses looking to reduce or eliminate debts and return to profitability may choose to declare bankruptcy. However, until federal law changes, plant-touching and ancillary cannabis businesses cannot access federal bankruptcy courts. Instead, cannabis companies facing insolvency must use state receiverships or out-of-court workouts to restructure an insolvent business. But what does that mean, and what is the right choice for your business?
Join us for a live session on Thursday, February 16 at 12 p.m. MT / 2 p.m. ET for a discussion on the practical issues around the receivership of cannabis companies.
Topics of discussion include:
Why care about receivership? Understanding the context of the cannabis industry and why a business would consider receivership
Receivership process: how a receiver gets appointed, and the typical timeline of a receivership
Considerations around the selection of a receiver and qualifications to run a cannabis business
Role of a receiver and unique issues in the cannabis industry
State-by-state cannabis licensing issues with respect to receivership
What does success look like in the receivership context?
You’ll hear from:
- Charlie Alovisetti – Partner, Vicente LLP
- FL Gorman – Partner, Vicente LLP
- Jacques Santucci – President, Opus Consulting