"Simply Put, Chapter 15 Is Not Chapter 11" – U.S. Bankruptcy Court Cracks Open Door for Canadian Cannabis Restructurings

Timothy Brock, Paul Josephson and Drew McGehrin of Duane Morris examine a landmark Delaware bankruptcy ruling recognizing the Cannabist Company’s Canadian CCAA proceedings under Chapter 15 despite its connection to federally prohibited cannabis operations, opening a potential cross-border restructuring pathway for Canadian holding companies while leaving the US public policy issue unresolved.

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