Webinar – Mainstreaming Cannabis: Bankruptcy, Receiverships and Reorganization
Online
February 7th at 12 PM EST
Cannabis companies face unique challenges due to the federal prohibition of cannabis. Unlike businesses in virtually all other industries, cannabis operators in financial distress have traditionally been unable to obtain the relief of bankruptcy. Given banking restrictions and IRS Code 280E, the unavailability of bankruptcy forces a squeeze on underperforming cannabis businesses. However, recent bankruptcy decisions have revealed a possible “lessening” of prior case law that precluded bankruptcy relief to a cannabis (or even cannabis-related) company. The promise of rescheduling cannabis could possibly open the door to bankruptcy, should it be needed.
During this panel, participants will learn:
- The legal background and current state of bankruptcy laws
- The business impact of the restructuring options available to the cannabis industry
- How rescheduling cannabis will change financial and bankruptcy options for the industry
Date: Wednesday, February 7, 2024
Time: 12:00 PM to 1:00 PM Eastern
Moderated by Seth Goldberg, Partner and Cannabis Industry Group Team Lead, Duane Morris LLP
Speakers include:
- Kevin McLaughlin, Partner, Cannabis Practice Leader, Centri Business Consulting
- Maxwell Heller, Managing Director, M&A Advisory Practice Leader, Centri Business Consulting
- Larry Kotler, Partner, Duane Morris LLP
- Ryan Spengler, Associate, Duane Morris LLP
About Centri Business Consulting, LLC
Centri Business Consulting provides the highest quality advisory consulting services to its clients by being reliable and responsive to their needs. Centri provides companies with the expertise they need to meet their reporting demands. Centri specializes in financial reporting, internal controls, technical accounting research, valuation, mergers & acquisitions, and tax, CFO and HR advisory services for companies of various sizes and industries. From complex technical accounting transactions to monthly financial reporting, our professionals can offer any organization the specialized expertise and multilayered skillsets to ensure the project is completed timely and accurately.
Eight Penn Center
1628 JFK Boulevard
Suite 500
Philadelphia, PA 19103
530 Seventh Avenue
Suite 2201
New York, NY 10018
4509 Creedmoor Rd
Suite 206
Raleigh, NC 27612
615 Channelside Drive
Suite 207
Tampa, FL 33602
1175 Peachtree Street NE
Suite 1000
Atlanta, GA 30361
50 Milk Street
18th Floor
Boston, MA 02109
1775 Tysons Blvd
Suite 4131
McLean, VA 22102
8310 South Valley Highway
3rd Floor
Englewood, CO 80112
1-855-CENTRI1
virtual@CentriConsulting.com