[Webinar] Restructuring Options in Cannabis: Receiverships
Feb 16, 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?
Watch our webinar 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?