SMACSTEINBERG MARCUSADVISORY CORP.
Team

A team of senior operators.

Howard Steinberg
CEO
MBA, CFA

Mr. Steinberg is the Founder and CEO of Steinberg Marcus Advisory and has more than 25 years of experience in restructuring, private equity, distressed investing and operational leadership.

Mr. Steinberg has served as Chief Restructuring Officer, CEO, board member and strategic advisor to private and public companies navigating complex financial and operational challenges.

Previously, Mr. Steinberg held senior positions with Fortress Investment Group, The Rose Corporation, GE Capital and RBC Capital Partners. His experience spans restructurings, acquisitions, financings and complex stakeholder negotiations across a broad range of industries.

Mr. Steinberg holds an MBA from Ivey Business School and is a CFA Charterholder.

Adam Marcus
President
CFA

Mr. Marcus is President of Steinberg Marcus Advisory Corp. (SMAC). He advises companies, lenders and stakeholders through balance sheet challenges, operational turnarounds and restructurings, both in court and out of court.

Mr. Marcus has more than two decades of experience originating, structuring and executing leveraged finance, debt and M&A transactions. His work spans the capital structure, from senior secured lending and acquisition financing to structured and royalty-backed facilities. He has held senior positions at Avanew Inc, DRI Capital, Macquarie Capital and Bank of America, where he built deep expertise in credit evaluation, valuation, diligence and negotiation. He also has hands-on operating experience. As a former chief executive, he ran a capital-intensive business. He brings an operator's perspective to SMAC mandates, including liquidity management, operational improvement, and refinancing/sale processes.

Mr. Marcus holds a Bachelor of Commerce in International Business and Finance from McGill University and is a CFA Charterholder.

Gary Margolis
Partner and General Counsel
B.Sc., J.D.

Mr. Margolis has over 25 years of experience operating companies and evaluating, structuring, negotiating, drafting and executing finance, M&A, private equity and capital market transactions. Mr. Margolis was previously the CEO of Notogen, Inc., a biotech company that raised over US$16M and executed a worldwide partnership with a global pharmaceutical company. Mr. Margolis also held senior positions at DRI Capital, including as Managing Director, General Counsel and Chief Compliance Officer. Prior to that, Mr. Margolis practiced M&A, securities and banking law at Simpson, Thacher & Bartlett in New York, Dewey Ballantine in London and Osler, Hoskin & Harcourt in Toronto. Mr. Margolis holds a Bachelor of Science degree and a Juris Doctor degree from the University of Toronto.

James Andrews
Logistics

Mr. Andrews has over 15 years of global experience in the fields of commercial cultivation, ranging from indoor hydroponics to large industrial agriculture projects, as well as consumer packaged goods (CPG) product manufacturing, taking projects from facility design through to product commercialization. He has a deep understanding of the logistics involved in bringing products to market in a timely and cost-effective manner. He joined the Steinberg Marcus Advisory Team in 2016, playing a critical hands-on role in many successful restructurings both within and outside of court protection.

Will Werth
Operations
Adv. Dip. Software Engineering

Mr. Werth has over 15 years of operating leadership experience across regulated production facilities, manufacturing operations, and growth-stage companies. He leverages his military service to drive disciplined improvements in people, processes, and systems. Mr. Werth has taken interim operating roles across multiple sectors, leading management teams through transitions and turnarounds. At Steinberg Marcus Advisory he oversees day-to-day operations, interim leadership assignments, strategic projects, and team development across advisory and restructuring mandates.

Pete Shearer
Sales and Distribution

Mr. Shearer is a seasoned professional with 19 years of experience in brand development and commercial strategy for both public and private companies. He has successfully developed and managed strategies for top brands across various sectors. In 2020, he was recruited to the role of Senior Category Manager for the Ontario Cannabis Store (OCS) to lead the buying efforts of the world's largest cannabis buyer. Subsequent to that he joined the Steinberg Marcus Advisory Team leading all sales and marketing efforts across advisory and restructuring mandates leveraging his extensive experience in regulated and non-regulated markets.

Robin Linden
Marketing
B.A. (Hons), MLitt, Cert. EComm

Mr. Linden contributes over 25 years of leadership and brand management experience, including roles at some of North America's largest luxury brands. Mr. Linden has brought a wide variety of products, services, and brands to market with successful results. He has held a variety of executive positions, including: Head of Trade, CMO, and CEO. Mr. Linden is an experienced board member and has extensive operational restructuring experience.

Nicolas Elbaze
Quality Assurance
B.Sc., Mcb.A.

Mr. Elbaze has over 15 years experience in highly regulated manufacturing industries, excelling in senior quality roles and assisting food, beverages and cannabis companies in obtaining and maintaining federal licenses. He joined the Steinberg Marcus Advisory Team in 2018, focusing on restructuring Quality & Compliance departments by emphasizing performance, sustainability, stress tolerance, and continuous improvement. As a board member of the Quebec Association for Microbiologists, he remains committed to excellence in the field.

Jason Fleming
Human Resources
BA, Cert. HR Mgmt, Cert. HR Law, CHRE, SHRM-SCP, Cert. Exec Comp

Mr. Fleming is an HR executive, HR consultant, and corporate director with extensive experience across a variety of industries including biotechnology, CPG, transportation, NGOs, and SaaS. In addition to operating Maxton HR, he serves as a board member for Grandbridge Energy. Mr. Fleming holds a BA from the University of Guelph, a Post-Graduate Certificate in HR Management and a Certificate in HR Law. He is a certified HR practitioner in Canada and the United States, possessing both the Certified Human Resources Executive (CHRE) and SHRM Senior Certified Professional (SHRM-SCP) designations.

Vanessa de Belen
Finance
BComm (Hons), CPA

Mrs. de Belen is an accomplished senior finance leader with over a decade of experience across a variety of industries, both public and private. She has held key leadership roles, including Director of Finance and Accounting at Organigram Global, Director of Finance/Head of Finance at Wainbee Limited, an Engineered Systems Solutions Provider Company and Accounting Manager at MedReleaf Corp. Known for her strategic mindset and hands-on leadership approach, Mrs. de Belen has a proven track record of transforming finance functions, building high-performing teams, reducing risk and driving operational efficiencies. Her expertise includes financial reporting improvements, SOX-compliant internal control design, cost optimization, M&A integration, forensic accounting, and strong cash flow management.

Ashtak Maharaj
Director
MEng, CFA, Cert. APM

Mr. Maharaj is a dynamic investment banking professional with expertise across financial modelling and executing complex capital market deals. He previously held the position of Investment Banking Associate at ANSA Merchant Bank gaining transaction experience across various sectors including energy, real estate, financial services, and Sovereign debt issuances. Mr. Maharaj holds a MEng. in Chemical Engineering from Imperial College London and is a Chartered Financial Analyst (CFA).

Heron Yin
Director
CPA

Mr. Yin is a restructuring and financial advisory professional with experience in court-supervised and out-of-court restructuring mandates. Heron previously worked in the Business Restructuring & Turnaround Services practice at BDO Canada in Toronto, where he played a key role in several formal restructuring proceedings, including several mandates under the Companies' Creditors Arrangement Act (CCAA) and Notice of Intention (NOI) filings under the Bankruptcy and Insolvency Act (BIA). In these roles, he was responsible for liquidity management, stakeholder reporting, and developed significant experience executing court-supervised sale and investment solicitation processes (SISP). Heron developed his strong financial foundation at KPMG in Toronto, where he earned his designation as a Chartered Professional Accountant (CPA).