Business Valuation & Financial Litigation
Hybrid & Virtual Super Conference
Track Four (Thursday)
Valuing Cannabis 2.0: Buckle up, this is about to get interesting!
Thursday, August 18, 2022 9:20 a.m. - 11:00 a.m. MTThis session will explore recent trends in valuing businesses and intellectual property in the cannabis industry. Appraisers often apply market-based metrics to historical data when performing traditional valuations. In the cannabis industry, history is not often indicative of the future and reliance on historical data may lead to inaccurate valuations. The value of businesses in established markets like Colorado, Oregon, and Washington is different than the value of businesses in newly legal states or those anticipated to become legal in the near future. When multi-state operators pay premiums to get into states, does it represent fair market value or strategic value? This session will address these topics along with valuing brands, the impact, and treatment of IRC 280E in an appraisal context, and where to find industry data and resources.
After attending this session, attendees will be able to:
- Analyze the differences in the application of traditional valuation methods and approaches to the valuation of cannabusinesses
- Distinguish between the tax impact on different kinds of cannabis entities and the effect on valuation
- Recognize the importance of location, location, location
- Identify sources of industry data
Total CPE: 2
Fields of Study: Finance: 1, Management Services: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.
Who Should Attend:
This session is designed for practitioners who are involved in business appraisal services and want to learn about the unique challenges associated with valuing ownership interests and intellectual property rights in the cannabis sector. It will also be informative for management and owners in the cannabis industry.Prerequisites:
Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.Advanced Preparation:
None
Trends in Turnarounds in a Post-COVID World
Thursday, August 18, 2022 11:20 a.m. - 12:10 p.m. MTIn 2020-2021, government stimulus programs, foreclosure moratoria and relaxed banking regulations helped many insolvent companies survive through the COVID pandemic. As these programs expire, will we see a bankruptcy pandemic? This session will discuss trends in financial restructurings, options available to insolvent companies, and what industries are at most risk.
After attending this session, attendees will be able to:
- Identify what options are available to help distressed businesses recover
- Recognize warnings signs and what professional skills are necessary to help them recovery
Total CPE: 1
Fields of Study: Management Services: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.
Who Should Attend:
Professionals who work with companies facing signs of insolvency, lenders, and attorneys.Prerequisites:
Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.Advanced Preparation:
NoneHealthcare Regulatory Updates & Valuation Implications
Thursday, August 18, 2022 1:00 p.m. - 2:40 p.m. MTThe healthcare regulatory environment has been in a state of constant flux since the start of the COVID-19 pandemic. The pandemic has resulted in numerous temporary regulatory changes that many in the legal industry believe may become permanent. Further, the federal government has taken (or indicated their intention to take) additional steps not related to COVID that impact the healthcare delivery system. This session will provide a review of the current healthcare legal landscape and discuss recent healthcare regulatory developments that affect our valuation engagements, such as:
- The state of the national public health emergency and what will change once the public health emergency ends
- The impact of COVID-19 and recent changes made to the Medicare Physician Fee Schedule on physician compensation and productivity survey data
- Recent indications from the federal government related to future regulation of healthcare transactions involving private equity firms
This session will conclude with a discussion of the valuation implications of these various developments.
- Analyze how the changes made to the 2021 Medicare Physician Fee Schedule affect the use of physician compensation and productivity survey data
- Identify the regulatory waivers and relaxations that are still in place as a result of the Public Health Emergency and which of those may remain in place post-pandemic
- Explain the steps the federal government is taking to scrutinize private equity firms that are becoming involved in healthcare transactions
Total CPE: 2
Fields of Study: Business Law: 1, Finance: 1
Program Level: Intermediate - Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area.
