Whether a business crisis is the result of miscalculation, regulatory change or unexpected market shifts, leadership teams can find themselves focusing not on growth, but survival.
Due to federal illegality, bankruptcy protection is unavailable to cannabis enterprises. Thus, cannabis turnaround strategy and implementation are critical survival tools.
With years of professional commercial bankruptcy experience and an emphasis on out of court solutions, I understand the leverages of distress and am skilled in helping cannabis enterprises navigate critical turnaround action, and if required, out of court work-outs.
When markets tighten, leadership teams must quickly re-configure. I have helped teams develop and implement business change and asset divestment strategies.
Enterprise distress is often caused by unsustainable debt. I have helped executives analyze their debt "stack" and implement creditor containment strategies that work.
Occasionally leaders face the painful decision of business cessation. I have helped boards navigate this difficult decision and implement a plan to limit if not avoid personal liabilities.