Even if your company is not preparing for an acquisition, the company should always be acquisition ready. What that essentially means is: (1) the company should always be mindful of de-risking and mindful of its corporate affairs: the company should be clean and clear from a corporate legal perspective and risk perspective; and (2) the company should have a business
Cannabis Law Perspectives
Legal insights into california's cannabis industry
Employees, Officers and Directors, Oh My!
The Importance of Selecting Proper Governance for Your Business Venture.
Putting together the best team for your business is anything but simple. Starting day one you want to find the right partners, if any, to embark on a long-term journey. This doesn’t stop at seeking the right co-founder(s), if any, to join you in your endeavor. It continues into setting up the governance and control of your business in terms
On Tuesday – September 29, 2020 – Governor Gavin Newsom signed Assembly Bill 1525 into law. This bill will remove state penalties against banks that serve cannabis industry clients in California, the world’s largest legal cannabis market. In a signing statement declaring his support, the Governor highlighted the bill’s “potential to increase the provisions of financial services to the legal
Due to government-issued shutdowns, quarantines, and employee wellness concerns, industries worldwide are facing severe declines in productivity. While the world waits for a COVID-19 vaccine, as cannabis and hemp industry operators, you might have a lot of questions about whether or not your business is obligated to perform under its contracts in this time of crisis. Something called a “force
1. Reconsider Corporate Structure: Is the entity type right for your business? Are investors indicating different preference (e.g. a corporation instead of a limited liability company)? Consider changing things up this New Year, subject to compliance considerations and limitations around permits and licenses, to align with general preferences and limitations on liability for cannabis businesses. 2. Ensure Written Policies and
As we get ready to ring in the New Year, we know cannabis businesses would like to hear their cash registers ringing as well. California cannabis companies have struggled recently with over-valuations, over-promised performance forecasts and under-delivery on revenues and forecasts. Investors have struggled to fully comprehend why their investments have not panned out as expected in the emerging legal
Many cannabis companies are finding themselves strapped for cash and in need of emergency funding or interim financings between larger equity raises. Often these fast funds come in the form of loans from either existing investors or family and friends. These loans, more often than not, tend to take the form of a promissory note. Promissory notes are instruments that
Know Your Stuff. It’s crucial that you come across as competent, professional and knowledgeable. For sophisticated investors, knowledge about the business doesn’t mean only knowledge about the product and the brand; it’s likely to also encompass knowledge regarding the business plan and vision, the corporate structure and capitalization, as well as financials and forecasts. Be Succinct and Distinguishable. There’s a
Cannabis Company Valuation Challenges Valuing a company is a complex analysis. Layering on the regulatory and political uncertainty in the cannabis industry adds to the complexity for cannabis companies versus other industries. In Canada, having a public market to compare to can help give some idea perhaps of where the future of cannabis-related valuations in the U.S. may go, but
Hilary St. Jean, Our Senior Corporate Transactional Attorney, Recognized as Best Attorney in Sonoma County.
Today, the Press Democrat announced Hilary St. Jean–Senior Corporate Transactional Attorney at Rogoway Law Group–as the winner of the Best Attorney, as part of the publication’s Best of Sonoma County awards. The Sonoma County Real Life 2019: Best of Sonoma County awards give the readers of the Press Democrat–the daily with the largest circulation in the California North Bay–a chance