General Assignments for the Benefit of Creditors
- Some cannabis businesses cannot continue to operate and must, therefore, be closed and their assets liquidated.
- As a method of concluding the affairs of a business, the general assignment is faster and more economical than bankruptcy for the creditors of the debtor business.
- Occasionally, CannaForm, as assignee, will operate the business for a short period of time in order to complete work in process or to attempt to sell the business as a going concern.
- CannaForm will hold the funds generated from the liquidation in trust, pending verification and satisfaction of secured claims and identification and payment of statutory priorities, after which remaining funds are distributed to creditors on a pro-rata basis.
Cannabis financial Services and Solutions
Cannabis Financial Advisory Services
Our cannabis transaction expertise and leadership in the field of valuation inspire confidence in the financial executives, boards of directors, special committees, investors, and business owners we serve.
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Cannabis Go-to-Market Programs
As customers and partners struggle with evolving business needs in today’s cannabis world, a more holistic approach is required to ensure the effective management of your go-to-market programs.
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Cannabis Debt Collection
We help you cultivate and retain positive working relationships with your cannabis customers by providing non-contentious solutions through our debt collection services.
read moreCannabis financial strategy
Covering all areas of the medicinal and adult-use cannabis industry
Cultivation
CannaForm is here to assist with indoor, outdoor, and everything in between.
Manufacturing
Edibles, extractions, and all of your manufacturing needs.
Retail
Whether it’s the first location in a new jurisdiction or a Type 9 delivery business in Oakland, we are here to help.
Distribution
Standalone distributor, microbusiness, or vertically-integrated international, CannaForm is at your side.