Cannabis consultancy Emerald Peak Partners launches

12 April 2023 3 min. read

Tom Lynch and Tim Bossidy, senior leaders at interim management and advisory firm SierraConstellation Partners (SCP), have founded cannabis consulting firm Emerald Peak Partners (EPP).

The new company will be an affiliate of SCP and the two founders will continue in their roles at the Los Angeles-based firm.

EPP will work with cannabis company boards, management, and stakeholders on balance sheet issues, corporate governance challenges, litigation, new regulation, and operational pain points. The firm’s fiduciary services practice will have offerings in independent director services; independent board services relating to restructuring, reorganization, and activism; and receivership services. The restructuring and operational improvement practice will provide interim management services; operational and performance optimization; financial guidance; and risk mitigation.

Lynch and Bossidy bring decades of experience in turnaround and restructuring, capital markets, and executive leadership.

“We are thrilled to announce the official launch of Emerald Peak Partners as a dedicated advisory firm for the cannabis space,” Lynch said. “Tim and I have developed a passion for this space over the years and saw the need for a firm that not only knows the unique challenges cannabis companies face but has the experience and tenacity to guide management teams and boards through challenging situations and help them emerge stronger on the other side.”

Cannabis consultancy Emerald Peak Partners launches

Based in Boston, Lynch has over two decade of experience in crisis management, financial and operational restructuring, and M&A, and has served as a chairman and CEO. He has been a partner at SCP since 2018, currently serving as president and COO.

Lynch previously founded and led Woods Hole Capital, an asset management platform focusing on senior secured direct lending. Before that he was CEO of AfterBuzz Media Group and chairman and CEO of Frederick’s of Hollywood.

Earlier in his career, Lynch spent over 10 years at BNY Mellon, where he was latterly a managing director and created Mellon’s first alternative management distribution group.

“The cannabis industry faces some of the nation’s most onerous tax and regulatory burdens on top of unique operational challenges and limited options to raise capital or restructure balance sheets,” said Bossidy. “The years ahead will be pivotal and Emerald Peak Partners seeks to help its partners survive and thrive so they form the foundation of a global, multi-billion-dollar CPG and healthcare industry.”

Based in Los Angeles and Miami, Bossidy specializes in financial and operational advisory, interim management, and turnaround management across retail, CPG, and cannabis.

He has been at SCP for the last five years, currently serving as a managing director. Bossidy is currently leading an operational turnaround at The Greenrose Holding Company as interim CEO. Prior that he was interim COO of MedMen, leading a $140-million annualized Ebitda improvement.

Before SCP, Bossidy was an investment banker at Goldman Sachs, focusing on M&A and IPOs. He began his career as a credit analyst at The Travelers Companies.