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Distressed Debt Acquisition and Privatization of Canadian Cannabis Company

Private Investment Company

Representation of a private investment company in the acquisition of senior debt of a distressed publicly traded Canadian cannabis company. Structured a "going private" transaction for the company, including a joint venture with other secured creditors to acquire the assets of the cannabis company through a Canadian bankruptcy proceeding. Successfully negotiated the voluntary surrender of assets in Florida, including the transfer of a Florida cannabis license, from the cannabis company, followed by the negotiation of a joint venture with a prominent cannabis cultivator for the development of a cannabis business utilizing the Florida license.

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Jay M. Sakalo

Jay M. Sakalo

Partner, Business Finance & Restructuring and Corporate Practice Group Leader
Jose Sariego

Jose Sariego

Partner
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Experience

Representation of B piece and special servicer clients, handling in excess of $130 billion in 2.0 CMBS securitizations.

Experience
Representation of GMexico Transportes, the transportation unit of a Mexico-based mining company, Grupo Mexico, as Florida counsel in the $2 billion acquisition of Florida East Coast Railways. Also assisted with two separate financings related to the acquisition: a $1.55 billion bridge loan and a $26...
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