Cannabis Services

Highline can quickly evaluate cannabis operations to determine if the underlying asset is marketable or should be liquidated. Highline has marketed and sold dispensaries throughout Colorado and has liquidated cannabis related processing facilities, grow equipment and dispensary assets.

Highline has also successfully restructured cannabis companies which had profitable operations but were in default due to leverage issues. Highline worked with all constituents on the balance sheet including vendors and lenders to restructure the entity as a going concern which was a more attractive option when compared to a distressed sale or liquidation.

Case Study

Highline was retained by an international consulting firm which was winding down a Canadian Public Company with cannabis assets in Colorado. Highline worked with the international consulting firm to prepare a liquidation analysis which was approved by the lenders. During the process, Highline consulted with local management and quickly determined that the company's brands could be sold as going concerns which significantly increased the recovery on the Colorado assets under Highline's control. Highline leveraged it industry contacts to quickly market and contract for the brands as a viable alternative to liquidation while structuring the transaction whereby there were not incremental costs to the receivership during the license transfer process which was 120 days. The sale provided more certainty for receivership asset recoveries and generated additional proceeds for the lenders as value was obtained for the going concern.