Will U.S. Cannabis Companies Find Grass Is Greener in Canada for Restructuring?

Jason Rosell

Jason Rosell published an article in the January/February 2019 issue of the TMA Journal of Corporate Renewal on how U.S. debtors with legal cannabis businesses that have a presence in Canada might take advantage of Canada’s bankruptcy laws.

“Until cannabis becomes legal on a federal level in the United States and companies and their creditors operating in the space are able to access the country’s Bankruptcy Courts, a Canadian plenary proceeding coupled with a Chapter 15 ancillary proceeding may be a practical and creative solution. This idea may face staunch opposition, but practitioners should welcome the challenge and strive to forge a new path.”

Access the article by clicking below.

Reprinted with permission of Turnaround Management Association. All rights reserved.