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Due Diligence in Cannabis Industry Transactions

Speaker(s): Charles Alovisetti, Elliot Choi
Recorded on: Oct. 3, 2019
PLI Program #: 281767

Elliot Choi is counsel at Vicente Sederberg and managing attorney of the firm’s New York office. Elliot focuses his practice on advising clients on corporate transactions involving licensed and ancillary cannabis companies. He also advises clients on licensing, regulatory and compliance matters, with a particular focus on the New York and New Jersey cannabis markets.

Prior to joining VS, Elliot worked as corporate associate at Friedman Kaplan Seiler & Adelman LLP and Skadden, Arps, Slate, Meagher & Flom LLP, where he represented clients in broad range of industries in connection with various corporate transactions and general corporate matters.

Charles Alovisetti is a partner at Vicente Sederberg and chair of the firm's Corporate Practice Group, where he focuses his practice on advising investors, companies, and other law firms on the nuances of executing corporate transactions involving licensed and ancillary cannabis companies. Prior to joining VS, Charles worked as an associate in the New York offices of Latham & Watkins and Goodwin, where he represented public companies and private equity sponsors and their portfolio companies in a range of corporate transactions.

Charles has worked on licensed transactions in Canada and all the major cannabis markets in the United States. He understands the state and local issues that commonly arise in stock and asset acquisitions as well as issues involved in management companies and other alternative structures.

He has provided guidance on structuring and corporate matters to applicants in merit licensing processes in Maryland, Connecticut, Virginia, Hawaii, New Jersey, Ohio, Pennsylvania, and several local jurisdictions. Charles also has experience counseling portfolio and emerging growth companies with respect to general corporate and commercial matters and all aspects of compensation arrangements. In addition to his corporate practice, Charles provides specialized cannabis counsel to non-cannabis companies seeking to evaluate the risks of entering the cannabis space and structure their investments to reduce risks.

Charles holds a Bachelor of Arts, with honors, from McGill University and a law degree from Columbia Law School, where he was a Harlan Fiske Stone Scholar. He is admitted to practice in Colorado and New York, and is a Level One Interpener. Recognized as a thought leader and experienced practitioner in the areas of cannabis M&A and financings, Charles is an author, a frequent speaker at events, and is a member of the Colorado Department of Revenue HB19-1090 Legislation Implementation Work Group.