Delta 9 Cannabis files for bankruptcy, cites SNDL actions as one reason
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Value$Canna CFO LLC delivers high-impact financial solutions to cannabis owners and their team members.
Very important we open up the restructuring options to the legal cannabis industry
In providing a Marijuana business with previously forbidden bankruptcy protection, the Hacienda Opinion fortifies the Cannabis industry by creating access to this essential debtor’s tool. Read my Cannabis Products Insider column. #SupportTheIndustry #CannabisProductsInsider
Landmark case could open cannabis industry’s access to bankruptcy protection
cannabisproductsinsider.com
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What do you do when your marijuana business goes up in smoke (or is about to)? Well, my colleagues, Keith Owens Brett Axelrod and Joshua Horn have the answers you need! Check out their recent article at MJBiz for an overview of options available to cannabis companies in distress. #foxrothschild #cannabis #goingupinsmoke #solutions #thinkforward #driveresults #tousitspersonal #marijuanabusiness #bankruptcy #financialdistress
Owning a marijuana business can be as volatile as the industry itself. So, what do you do if your company goes up in smoke? In this article for MJBiz, Keith Owens, Brett Axelrod and Joshua Horn outline the options for cannabis companies facing financial distress. #chapter15 #bankruptcy #cannabisbusiness
What to do when your marijuana business goes up in smoke
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Owning a marijuana business can be as volatile as the industry itself. So, what do you do if your company goes up in smoke? In this article for MJBiz, Keith Owens, Brett Axelrod and Joshua Horn outline the options for cannabis companies facing financial distress. #chapter15 #bankruptcy #cannabisbusiness
What to do when your marijuana business goes up in smoke
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The Perfect Storm of - still too much supply in the market - continued operational cash burn - still high interest rates - still tight access to new funding - still too many "me too" products - still low sell-in and retail pricing will see 2024 having a high level of Canadian cannabis insolvencies, with the potential for at least one larger/high profile cannabis supplier needing to file. Sure, it's a very tough market and industry, but, many of these companies shot themselves in the foot, more than once - no one made them buy and build so much capacity, spend so little time, money and effort on defining a consumer-driven value proposition, and, in some cases, pay their c-suite so much in compensation. And, as I have profiled, there are a number of publicly-traded cannabis companies (and I am sure a number of private cannabis companies), that are profitable - it can be done. Don't cry for the company losers - cry for the employees who will lose their jobs and in many cases, any real severance payout. But, it has to happen - the deadwood needs to die off, to allow the real players to lead the industry forward. https://lnkd.in/gBQDSVPQ
Canadian cannabis insolvencies persist in 2023 amid industry woes
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Read the latest Cannabis Client Alert by Max Riffin. #clientalert #cannabislaw
MedMen Files for Bankruptcy in Canada and Receivership Proceedings in California
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Cannabis and bankruptcy have had an evolving relationship. In the early days of state-legal cannabis, the federal bankruptcy courts were reluctant to extend bankruptcy protection to cannabis operators. Over time, they have become less stringent, and rescheduling may result in further liberalization of the bankruptcy courts’ views of cannabis. My #duanemorris colleague Ryan Spengler, who specializes in bankruptcy and rescheduling has written on the topic and is quoted in this MJBiz article. #cannabis #cannabislaw #cannabisindustry
Marijuana bankruptcy reform could be inching closer in US
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Navigating Bankruptcy in the Cannabis Industry: The Role of Receiverships In the evolving landscape of cannabis businesses, the challenge of insolvency is increasingly pressing. An article by Eric Moraczewski sheds light on how receiverships can provide a vital solution for cannabis companies seeking bankruptcy protection. As the cannabis industry grows, understanding these creative legal solutions will be crucial for stakeholders navigating financial challenges. Read the full article here https://lnkd.in/gnWTKhiv
Cannabis Receiverships: A Creative Solution for Bankruptcy Protection
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The cannabis industry continues to struggle in this seemingly unending shakeout period due to flat revenues, expensive capital, regulatory red tape, and a host of macroeconomic factors. In turn, the level of failure in the cannabis industry is at an all-time high, but the federal illegality of cannabis means that bankruptcy relief generally isn’t available. Join our Michael Brandess, Hilary Bricken, and Brent Salmons for an online program providing an essential understanding of cannabis insolvency options, as well as how security interests and foreclosures operate in this highly regulated landscape: https://lnkd.in/gvxerW4g
Up in Smoke: Cannabis, Insolvency, and Corporate Reorganization
huschblackwell.com
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🌿 Bankruptcy Risks in the Legal Cannabis Industry 🌿 The legal cannabis industry, while promising, is fraught with financial risks, including the potential for bankruptcy. This detailed article from Cannabis Risk Manager sheds light on the various factors contributing to these risks and offers strategies for businesses to mitigate them. Key insights: Financial Challenges: Understanding the unique financial pressures that cannabis businesses face. Regulatory Hurdles: Navigating complex legal frameworks that can impact financial stability. Risk Management: Implementing effective strategies to prevent bankruptcy and ensure long-term success. For professionals and entrepreneurs in the cannabis sector, this article provides valuable guidance on maintaining financial health and resilience in a highly regulated industry. 🔗 Read the full article #CannabisIndustry #cannabis #Bankruptcy #FinancialRisks #RiskManagement #BusinessStrategy #CannabisRiskManager https://lnkd.in/gTzrujxG
Bankruptcy Risks in the Legal Cannabis Industry
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Cannabis and distress go together like cannabis and Phish Food but the latter goes down much easier. Here, at least, the company can take advantage of a Canadian bankruptcy to resolve all of its issues. For its U.S. operations, it will need a hodgepodge of state-specific mechanisms and different state law to manage its restructuring. #cannabis #restructuring #bankruptcy #chapter11
Cannabis company MedMen files for bankruptcy with about $411 million in liabilities, as its fortunes go up in smoke
marketwatch.com
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