In January, a California bankruptcy court issued an opinion providing another lifeline to cannabis companies that could benefit from the protection of the federal bankruptcy code – to reorganize or liquidate assets. The...more
COVID-19 ushered in a volatile economic climate that has made it difficult for many companies to meet their debt obligations. These companies may soon face a lender demanding repayment of debt that the company cannot pay....more
3/10/2021
/ Bankruptcy Code ,
Chapter 11 ,
Coronavirus/COVID-19 ,
Debtors ,
Equity Swaps ,
Liquidation ,
Refinancing ,
Reorganizations ,
Secured Debt ,
Small Business ,
Stocks
While states continue to legalize cannabis, and the federal government continues to consider softening its stance, difficult questions persist at the intersection of cannabis and bankruptcy. As the cannabis industry continues...more