As the cannabis industry has matured, investor enthusiasm has
been tempered by financial results that have fallen short of
projected figures. The industry continues to face retail regulatory
hurdles, particularly in Ontario. As a result, many cannabis
companies are now facing liquidity constraints and may have to
begin considering insolvency and restructuring alternatives. This
is borne out as relatively large players such as AgMedica and
Wayland—which appeared to be thriving—have recently
acquired creditor protection under the Companies' Creditors
Arrangement Act (CCAA).
As originating participants in the legal cannabis space, and one
of the first firms to address cannabis industry specific issues in
the context of insolvency and restructuring proceedings, the Bennett Jones Cannabis group has developed an
extensive network of contacts across Canada and beyond that can
help distressed cannabis companies to source refinancing, and,
where appropriate, assist cannabis
