In this webinar, an investment banker and a corporate lawyer who both have deep experience working with businesses in the cannabis sector will outline and explain the key components of an auction sale and the specific concerns that a canna company must consider in such a sale.
Join Michael Hennessy of Lineage Merchant Partners and JT Schuweiler of Fox Rothschild as they discuss: the role of the investment banker in stewarding the process and creating the bidder pool; a practical tutorial on the bidding process and selection of the final bidder; and due diligence before and during the auction process. Specific to canna companies, the webinar will address regulatory approval for license transfers and the need for “reverse due diligence” on purchasers; the limited pool of debt financing partners due to the federal prohibition; and representation and warranty insurance issues included limited availability and adequate coverage. REGISTER
