Financial Tools Required in a Turnaround and Troubled Company Financing
We continue the financing a troubled company series and discussing why and how to create effective, useful monthly and weekly cash flow models.
Obstacles to Restructuring a Cannabis Business (and some interesting concerns for lenders)
With the combination of increased use of debt financing, tightening capital markets and a shakeout of winners and losers in growing, processing and distribution, insolvencies are a certain issue in the near future. But, there are very real obstacles to restructuring a cannabis business in both the US and Canada, certainly when compared to traditional industries.
Swift and Substantial Action. Aphria Inc. Teaches Us How to Handle a Troubled Situation
Troubled situations require swift and substantial action, which is the focus of the first three rules of the Sinclair Range turnaround methodology.
August 2019 Cannabis Transactions
There were 40 transactions in the North American Cannabis sector in August 2019, including 23 private placements, 2 public offerings, 9 mergers & acquisitions and 6 shelf registrations, with a total value of C$2.1 billion. Total deal volume increased by 5% over August 2018 and transaction value decreased by 62%.
Corporate Directors’ Duty of Care (and other CannTrust inspired topics)
Should an Independent Director of CannTrust have known about an illegal grow of cannabis in five rooms of the company’s primary asset? According to their Interim CEO, who was an Independent Director at the time of the illegal grow, the answer is No.