Webinar – Mainstreaming Cannabis: Bankruptcy, Receiverships and Reorganization

Location

Online

Date + Time

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:

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 reportinginternal controlstechnical accounting researchvaluationmergers & 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.

Philadelphia
Eight Penn Center
1628 JFK Boulevard
Suite 500
Philadelphia, PA 19103
New York City
530 Seventh Avenue
Suite 2201
New York, NY 10018
Raleigh
4509 Creedmoor Rd
Suite 206
Raleigh, NC 27612
Tampa
615 Channelside Drive
Suite 207
Tampa, FL 33602
Boston
50 Milk Street
16th Floor
Boston, MA 02109
Tysons Corner
1775 Tysons Blvd
Suite 4131
McLean, VA 22102
Denver
8310 South Valley Highway
3rd Floor
Englewood, CO 80112
Centri Everywhere
1-855-CENTRI1
virtual@CentriConsulting.com

12/19/2023

Centri’s Cultivating Business: Cannabis Industry Legal Challenges, featuring Seth Goldberg

Join Centri’s Cannabis Practice Leader, Kevin McLaughlin, for the latest edition of...

Read More

07/28/2023

Centri’s Cultivating Business: The Importance of Restructuring, featuring Hershel Gerson

Join Centri's Cannabis Practice Leader, Kevin McLaughlin, for the latest edition of...

Read More

11/28/2023

Centri’s Cultivating Business: Positioning in a Competitive Market, featuring Stephen Abraham

Join Centri's Cannabis Practice Leader, Kevin McLaughlin, for the latest edition of...

Read More