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Cannabis Industry Insolvency & Restructuring Services

Sharek Logan & van Leenen LLP is a leader in insolvency and restructuring law, active in assisting both creditors and debtors in navigating complex financial challenges in the Cannabis, and other, industries.

The insolvency lawyers at Sharek Logan & van Leenen LLP are well versed in the recently enacted Canadian legislation authorizing the production, marketing, and sale of cannabis products, and have knowledge in the unique regulatory landscape and economic factors affecting the cannabis industry. We offer tailored solutions that balance the interests of creditors and debtors navigating this complex and growing area.

Our experience:

Receiverships: We have extensive experience in receivership proceedings, appointing and advising receivers to protect the interests of creditors, debtors, and maximizing asset recovery. Our team is skilled in managing and selling cannabis assets, through reverse vesting orders and SISP processes, and in realizing on non-specialized assets including non-Cannabis inventory, equipment, and real estate.
Companies Creditors Arrangement Act (CCAA) Proceedings: We have a proven track record of guiding companies through CCAA proceedings, providing comprehensive advice on restructuring plans, creditor negotiations, and court applications. Our goal is to help companies emerge from CCAA proceedings in a stronger financial position.
Creditors' Representation: We represent creditors in various capacities, including secured and unsecured lenders, landlords, and suppliers. Our goal is to protect our clients' interests and maximize their recoveries.
Debtors' Representation: We work closely with cannabis companies experiencing financial distress to develop effective restructuring strategies. Our team can help debtors negotiate with creditors, implement debt restructuring plans, and explore options for business reorganization or liquidation though formal or informal processes.
Cost-Effective and Pragmatic Approach: We understand that cannabis companies often operate on tight margins. Our firm is committed to providing cost-effective solutions while maintaining the highest quality of legal services. We prioritize practical and efficient approaches to ensure the best possible outcomes for our clients.

Our services include acting in:

Receiverships: Appointing and advising receivers, managing and selling cannabis assets, and protecting creditor interests.
CCAA Proceedings: Guiding companies through CCAA proceedings, advising on restructuring plans, negotiating with creditors, and representing clients in court.
Debt Restructuring: Negotiating with creditors to modify debt terms, interest rates, and repayment schedules, and crafting unique and tailored debt solutions in consultation with creditors and stakeholders.
Insolvency Proceedings: Advising in respect of insolvency procedures and steps including bankruptcies, receiverships, and CCAA plans of compromise and plans of arrangement, and working with clients to guide them through those processes.
Business Reorganization: Developing plans to restructure corporate operations, improve financial performance, and ensure long-term viability.
Liquidation: Assisting with the orderly liquidation of a company's assets and distribution of proceeds to creditors.

Our team consists of experienced insolvency and restructuring lawyers and working with insolvency industry professionals collaboratively to provide comprehensive and creative solutions to your liquidity problems. We leverage our understanding of the cannabis industry and our extensive experience in insolvency proceedings to deliver exceptional results for our clients.

By choosing our firm, you can benefit from our extensive experience, industry knowledge, and commitment to providing practical and cost-effective solutions. We are dedicated to helping cannabis companies navigate financial challenges and achieve successful outcomes.