Testimonials

“Highline’s experience and creativity allowed for the sale of the brands vs a liquidation, which preserved jobs and two companies while doubling recoveries for lenders”  John M, former CEO.

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 consulting firm to prepare a plan of liquidation 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 its industry contacts to quickly market and contract for the brands as a viable alternative to liquidation while structuring the transaction to prohibit 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.  

“As counsel for the debtor, my first response to the appointment of the receiver was to file a motion to dismiss the receiver.  After working with Highline and consenting to a 45 day review, it was apparent that Highline was highly qualified for the position.  I would highly recommend Highline to negotiate and resolve contentious issues.”  Navid __, debtor’s counsel.  

Case Study:  Highline was appointed, ex-parte, as court appointed Receiver for a marijuana grow facility and dispensary experiencing financial difficulties and ownership disputes.  Lender was receiving inconsistent payments and was not receiving adequate information.    The Receiver secured assets and performed a comprehensive evaluation of the company over 45 days.   The Receiver devised and implemented a plan which (i) identified and rectified accounting deficiencies; (ii) negotiated legacy payables to address working capital issues; (iii) supervised and funded a capital improvement plan to increase production; and (iv) negotiated resolutions between ownership.  The plan addressed financial, operational and ownership issues which allowed the Company to restructure its debt and provide controls such that the lender was receiving consistent information and payments.   After the implementation of the restructuring, the Receivership was terminated. 

“As the Lender, we were impressed with Highline’s ability to quickly assess the situation, implement the appropriate strategies to not only maximize value, but quickly reduce costs.” Nick C, Private Equity Sponsor.  

Case Study:  Highline was retained by the Private Equity Sponsor to liquidate non-essential assets and assist in the winddown the Company.  After consultation with the senior management and the lender, Highline was appointed Receiver over the assets of the consumer products company.  The Company was experiencing monthly cashflow losses of over $500,000 a month with five locations in two states.  The Receiver quickly evaluated the Company, cut staff, closed four locations and restructured operations such that it was cash flow positive within 60 days.  The Receiver relocated operations to eliminate burdensome lease costs, outsourced production, and liquidated excess equipment and inventory to fund the Receivership.  Highline was also able to identify tax credits as part of the Inflation Reduction Act and secured recoveries which were significant to the Receivership.  The restructured operations were sold to the Lender through a credit bid and the Receivership was terminated.   

“We appreciated Highline’s approach as he quickly developed a relationship with a non-communicative borrower.  Their real estate expertise and creativity helped the bank achieve a full recovery from a very difficult situation.”   Brian B, VP of Special Assets for Lender.

Cash Study:  Highline was appointed receiver over a multimillion dollar non-performing commercial real estate asset.  Highline evaluated the real estate and the borrower and determined that a foreclosure and quick sale could impair the lender.  The Receiver negotiated a forbearance whereby the lender received additional collateral and quarterly principal payments in exchange for time to allow the borrower to refinance or sell the property.  The borrower adhered to the forbearance and refinanced the lender within 12 months and the lender was paid in full on a loan that was impaired.