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Canadian cannabis companies get an overview of impairment testing under IFRS.
Tailored Solutions for Your Financial Problems.
We know that many events can cause instability to a business. At these times, we understand that business owners and executives need to know all their options as soon as possible to develop a restructuring and recovery plan that addresses the needs of all stakeholders.
The Licensed Insolvency Trustees (LIT) on BDO’s commercial restructuring team have helped struggling companies across virtually all industries reposition their operations for continued viability and long-term success. Our local professionals work closely with clients to understand the financial and operational aspects of their business. Understanding the nuances of the individual business, our LITs provide initial business reviews, informal and private turnaround plans and formal restructuring proposals when required. In all cases, addressing financial issues early on greatly increases the chances for a return to profitability and reduces the chance of a bankruptcy.
For creditors, our commercial team can conduct business reviews, monitor appointments, serve as an interim receiver or provide full receivership services. With local LITs in more communities across the country, BDO’s commercial restructuring team can also provide these services in a timely and more cost-effective manner.
Partner/Senior Vice President
CIRP, LIT
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