Pachulski Stang Ziehl & Jones LLP formalizes cannabis restructuring group, led by Jason Rosell

LOS ANGELES, April 26, 2022 /PRNewswire/ — Pachulski Stang Ziehl & Jones LLP (“PSZJ”), the nation’s leading restructuring law firm, today announced that it has officially established its Cannabis Restructuring Group to provide corporate restructuring legal services to cannabis industry companies, lenders and investors, among others. PSZJ’s Cannabis Restructuring Group will also provide restructuring services to ancillary companies (for examplereal estate, technology, packaging, etc.), which may be eligible for bankruptcy under federal law.

PSZJ has been advising cannabis industry clients for half a decade and has been at the forefront of the intersection of cannabis law and insolvency, regularly representing companies, lenders and investors in out-of-court restructurings and related M&A transactions. Most recently, PSZJ acted as counsel to the ad hoc group of noteholders of Loudpack, a vertically integrated cannabis company, in connection with the three-party merger of Loudpack, Harborside and Urbn Leaf. In addition to noteholders, PSZJ represents or has recently represented creditors involved in cannabis-related insolvencies, as well as companies exploring options in this increasingly competitive industry.

“The goal of our Cannabis Restructuring Group is to continue to provide quality legal restructuring services to the cannabis industry. Although bankruptcy is not currently an option for many businesses, our law firm is able to facilitate negotiations between lenders and borrowers, which provides process stability in difficult times,” says Jason Rosellthe partner leading the effort.

Recreational or adult use of cannabis is legal in 18 states and the District of Colombiawhile the medical use of cannabis is legal in 39 states and District of Colombia. The legitimacy of the cannabis industry can no longer be ignored.

“Our experience in the cannabis industry allows us to continue to creatively assist cannabis industry players with restructuring options as the country prepares for legalization. We look forward to the day when the courts bankruptcy will open their doors to the cannabis industry. Until then, we remain ready to provide out-of-court solutions to all participants in this unique space,” concludes Rosell.

For more information, please visit the PSZJ Corporate Restructuring Group website at:
https://www.pszjlaw.com/industries-pszj-cannabis-restructuring.html

About Pachulski Stang Ziehl & Jones LLP
PSZJ, the nation’s leading restructuring law firm, currently represents or has in the past year represented corporations, secured lenders and ad hoc groups of noteholders within the cannabis industry. PSZJ attorneys are experienced in representing all major constituencies in bankruptcy proceedings and out-of-court arrangements, including debtors, panels, assignees, trustees, bondholders and asset purchasers. PSZJ also handles sophisticated commercial litigation and transactional matters as part of its renowned practice. PSZJ, with offices in Los Angeles, San Francisco, Wilmington (OF), New Yorkand Houstonwas recently named “Bankruptcy Law Firm of the Year” by US News and World Reportand a “central restructuring” by Law360.

SOURCE Pachulski Stang Ziehl & Jones

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