Cannabis Distressed Business Services
Working in conjunction with the cannabis business and its creditors, this service is designed to provide the business with the opportunity to re-establish its financial credibility through time and planning, or to assist in ceasing its existence while minimizing losses to its creditors.
The quick, efficient and cost-effective alternative to bankruptcy, CannaForm provides forums and facilities to rehabilitate, if possible, and liquidate, if necessary, the affairs of financially distressed companies as a viable option to Bankruptcy Court proceedings.
These alternatives are often less cumbersome for all involved and are less expensive—which means more return to creditors and more money left in the business to regain its footing.
While courts can take several months or more to get a reorganization plan started, CannaForm can assist in getting a plan approved in as little as 30 days.
Most helpful is the knowledge that experienced professionals are ready to step in at the most difficult time.
CannaForm can serve as secretary to creditor’s committees, provide other needed advisory services, and are fully aware of the prevailing laws and regulations relevant to each situation.