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Insights / events

Presentation

Mergers and Acquisitions for Capital Markets – Exits and Distressed Asset Opportunities

Read Time: 1 min

Mergers and acquisitions (M&A) have become crucial strategies for companies looking to optimize their market positions. Member Rudy Cerone (New Orleans) will co-present “Mergers and Acquisitions for Capital Markets – Exits and Distressed Asset Opportunities” at the 13th Annual MJBizCon in Las Vegas, Nevada on December 3, 2024.

This session will dive into M&A within capital markets, focusing on two pivotal aspects: exit strategies and distressed-asset opportunities. The panelists will explore the latest trends, challenges, and opportunities in the M&A arena. Attendees will gain insights into the strategic considerations for timing, valuation, and stakeholder management to maximize returns and ensure smooth transitions. Additionally, the session will highlight the potential and pitfalls of investing in distressed assets. The panelists will discuss how to identify valuable opportunities, conduct thorough due diligence, and navigate the complex legal and financial landscapes associated with distressed assets. Real-world case studies and best practices will be shared to illustrate successful turnarounds and the creation of value from distressed situations.

MJBizCon is the #1 global cannabis business conference and tradeshow. Each fall, the entire cannabis industry – ranging from the newest entrepreneurs to nationwide brands to MSOs – gathers at MJBizCon. The award-winning show is held annually at the Las Vegas Convention Center and showcases over 1,400 exhibitors, a 3-day conference + expo, pre-show forums, and 100+ industry speakers. MJBizCon is known for its extraordinary networking, deals, and partnership-building opportunities. More than 30,000 cannabis executives from around the world are expected to attend in 2024.

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Insights

Presentation

The Nuts and Bolts of Asset-Based Lending

November 6, 2024

Marshall Grodner (Baton Rouge) will participate in an American Bar Association Business Law Section webinar on “The Nuts and Bolts of Asset-Based Lending” on Wednesday, November 6, 2024. The panel will dive deep into the essentials of structuring an asset-based lending loan. Topics covered will include the borrowing base for accounts, inventory, equipment, and realMore

Alert

Priority of IRS Liens in Bankruptcy: Reminder That the King Gets Paid First

September 17, 2024

The issue in MacKenzie, a Chapter 7 bankruptcy, was how to allocate the proceeds from the sale of the debtor’s real estate between the Internal Revenue Service (IRS), which had filed a valid lien against the real estate for taxes, interest, and penalties, and the Bankruptcy Estate. The sale proceeds were sufficient to satisfy the taxes, a portion of the interest, but none of the penalties. The bankruptcy court allocated the proceeds on a pro rata basis between the IRS and the Bankruptcy Estate. The District Court affirmed, but the Ninth Circuit reversed and remanded, finding that pro rata allocation of the sales proceeds is inconsistent with the Code.

Podcasts

Podcast: Cannabis and Bankruptcy, Ep. 3: Considerations for Lenders

June 30, 2023

This is the third installment in our three-part series: “Exploring Issues in Cannabis and Bankruptcy.” In this final episode, we'll explore what the two recent decisions in Blumsack and Hacienda mean for creditors in the cannabis industry and also what rights are available to lenders and marijuana financiers in the bankruptcy context.

Alert

Cannabis Creditors Face Receivership in Oregon

June 2, 2023

It is no secret that cannabis businesses and owners remain largely barred from taking advantage of federal bankruptcy protections, leaving distressed marijuana businesses with limited restructuring options. Most often, distressed marijuana businesses and businesses serving the marijuana industry (collectively, MRBs) must instead rely on state law, including state-specific cannabis receivership statutes.

Podcasts

Podcast: Cannabis and Bankruptcy, Ep. 2: Considerations for Businesses

May 11, 2023

This is the second installment in a three-part series exploring issues in cannabis and bankruptcy. In this episode, we'll dive into bankruptcy protections available to businesses, including a case in which the Bankruptcy Court rejected a categorical prohibition for all debtors with any connection to marijuana.

Podcasts

Podcast: Cannabis and Bankruptcy, Ep. 1: Considerations for Individuals

April 11, 2023

It's no secret that pockets of the cannabis industry are experiencing financial distress, and this is generating fear and concern for marijuana licensees and their lenders as well. This is the first installment in a three-part series exploring issues in Cannabis and Bankruptcy.