Jay Purcell Attorney

- Licensed In California
- J.D., University Of California, Berkeley School Of Law, 2011
- M.P.S., Africana Studies, Cornell University, 2007
- B.A., Cornell University, 2005

Corporate, Corporate Finance, Mergers & Acquisitions

Jay Purcell is a corporate and securities lawyer who represents California’s cultivators, manufacturers, distributors and retailers, and the investors who back them. Between the strength of his training in Silicon Valley and the deal volume of Clark Neubert’s practice, Jay offers extensive experience and sophistication advising cannabis businesses. In a rapidly-changing environment, Jay delivers accurate and actionable advice to cannabis companies and investors, regularly advising collectives/cooperatives and non-profit mutual/public benefit corporations on conversion and acquisition strategies. Most of his practice is dedicated to structuring transactions between licensees and investors in the context of evolving and aggressive regulations.

Prior to working in cannabis, Jay worked as a corporate attorney for tech companies. Beginning at Wilson Sonsini Goodrich & Rosati, P.C., he was trained to represent businesses from idea to exit, concentrating on corporate finance, mergers and acquisitions, and general corporate matters. Representative clients included Google Ventures, Founders Fund, DIA Styling, FireEye, Curse, SurfAir and companies that were sold to Twitter, LinkedIn and Facebook. In 2016, Jay transitioned to a full-time cannabis practice, where the goal remains the same: helping little companies become big companies.

While at Berkeley, Jay won a fellowship from the Center for Emerging and Neglected Diseases,
helped organize a global IP collaboration for access to essential medicines, was an extern at Berkeley’s Office of Intellectual Property & Industrial Research Alliances and received an American Jurisprudence Prize. He is an active member and Secretary of the Board of Directors of the Berkeley Law Alumni Association and serves on the Ethics Committee of the National Cannabis Bar Association. Jay writes for Cannabis Business Executive.

Jay graduated with honors and distinction from Cornell University, first as a College Scholar and triple-major in the College of Arts & Sciences; second, from its Africana Studies & Research Center, where he won a Sage Fellowship and State Department Foreign Language grant (Swahili). Jay presented corporate and/or cannabis law to audiences at Berkeley Law, Stanford Law School, Humboldt County Grower’s Alliance, the Cannabis World Expo, the Skirball Cultural Center, the Future Cannabis Project and other in Northern and Southern California.

Representative Transactions

Mergers & Acquisitions

Founder Counsel for Consolidation and Merger of Multi-Site Cannabis Operation (Washington State)

Buyer Counsel for Acquisition of Medicinal Marijuana Dispensary (EMMD, Los Angeles)

Buyer Counsel for Public Canadian Acquirer of Multiple Manufacturers & Retailers (San Francisco, East Bay, North Bay)

Buyer Counsel for Recapitalization and Acquisition of Retailer (East Bay)

Buyer Counsel for Acquisition of Large Cultivator (Sonoma County)

Seller Counsel for Acquisition of Cultivator/Retailer (East Bay)

Seller Counsel for Acquisition of Dispensary to Canadian Public Company (Santa Cruz County)

Seller Counsel for Conversion of Mutual Benefit Corporation and Follow-On Acquisition by NY Investor (Los Angeles)

Corporate Finance

Investor Counsel for Secured Investment into Multi-Site Cannabis Operator (Los Angeles)

Investor Counsel for Financing, Consolidation, and Reorganization of Festival

Investor Counsel for Financing and Restructuring of Cultivator & Manufacturer (Humboldt)

Company Counsel for Cultivator & Manufacturer’s Secured Debt Financing (Desert Hot Springs)

Company Counsel for Retailer in Multiple Financings (Oakland)

Company Counsel for Conversion of Public Benefit Corporation & Strategic Investment (Los Angeles)

Company Counsel for Manufacturer/Distributor’s VC Financing (San Francisco)

Company Counsel for Cannabis E-Commerce Platform VC Financing (Silicon Valley)

Company Counsel for Distributor’s VC Financing, Conversion & Consolidation (Mendocino & Los Angeles)

Company Counsel for Distributor in Multiple Financings (Santa Cruz)

Fund and Investor Counsel for Cannabis Opportunity L.P. (Los Angeles)

Investor Counsel for Investors Based in Canada, Israel, Jersey Islands, Switzerland, Ukraine

Myriad LLC Operating Agreements & Transactions

Investor Protections in Cannabis Companies, Part Two

The Nuts and Bolts of Leasing Cannabis Manufacturing Equipment

Investor Protections in Cannabis Companies, Part One