Pachulski Stang rolls out cannabis restructuring group

By Wendy Van Sickle

Columbus, Ohio, April 26 – Pachulski Stang Ziehl & Jones LLP has established a cannabis restructuring group to provide legal corporate restructuring services to cannabis industry companies, lenders and investors, according to a news release.

The group will also provide restructuring services to ancillary companies, such as real estate, technology and packaging companies, which may qualify for bankruptcy under federal law.

The firm said it currently represents or in the past year has represented companies, secured lenders and ad hoc groups of noteholders within the cannabis industry and has worked at the intersection of cannabis and insolvency law, representing clients in out-of-court restructurings and related merger and acquisition transactions.

“Although bankruptcy may not currently be an option for many companies, our law firm is able to facilitate negotiations among lenders and borrowers, which provides critical process stability in difficult times,” Jason Rosell, the partner leading the effort, said in the release.

The law firm is based in Los Angeles.

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