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      Structuring Your Ownership Before You Apply: How Cap Table Mistakes Kill Applications and Exits

      Structuring Your Ownership Before You Apply: How Cap Table Mistakes Kill Applications and Exits

      Ownership structures and cap table decisions can make or break a Virginia cannabis license application, but applicants often overlook these details until it’s too late. Vicente LLP partner Charles Alovisetti draws on lessons from licensing outcomes across multiple markets to break down what regulators look for in equity splits, investor terms and entity formation and how ownership decisions can quickly impact a company’s success in Virginia’s emerging cannabis market.


      Charles Alovisetti 1

      Charles Alovisetti

      Structuring Your Ownership Before You Apply: How Cap Table Mistakes Kill Applications and Exits
      Charlie Alovisetti is a partner at Vicente LLP and co-chair of the Corporate Department. He advises investors, companies, and law firms on complex transactions in highly regulated industries, with deep experience in cannabis, hemp, psychedelics, and emerging consumer products. Charlie counsels clients on M&A, investments, governance, and commercial matters and is based in Bethesda, Maryland.