Equity Financing Challenges and New York Insights

Charlie Alovisetti is a partner at Vicente Sederberg and chair of the firm's Corporate Department. He is recognized by Chambers & Partners as one of the top cannabis lawyers in the United States and is the co-author of The Business of Cannabis: Understanding Law, Finance, and Governance in America’s Newest Industry (Routledge, 2020). 

Prior to joining VS, Charlie worked as an associate in the New York offices of Latham & Watkins and Goodwin, where he represented public companies and private equity sponsors and their portfolio companies in a range of corporate transactions.

“Receivership” - So bigger picture here, cannabis companies have a myriad of challenges in operations and financial issues, and banking. Some cannabis companies are finding it difficult to operate and keep their heads above water in a sustainable way for their businesses to survive. Considering 280E and banking issues, this is a tenuous situation so we dive into that and much more.