On September 20, 2023, the U.S. Bankruptcy Court for the Central District of California (“Court”) confirmed a plan for a cannabis-related business (“Debtor”) to sell its equity interests in a Canadian cannabis company, Lowell...more
As the cannabis industry matures, there will be winners and losers. Losers lack access to the U.S. Bankruptcy Code. Marijuana related assets cannot be sold free and clear of liens and encumbrances via the tried and true...more
7/26/2023
/ Agribusiness ,
Asset Management ,
Assignment of Benefits (AOB) ,
Bankruptcy Code ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Commercial Bankruptcy ,
Controlled Substances Act ,
Financial Distress ,
Receivership ,
Sale of Assets ,
Section 363 ,
Trustee Sales