the outsourced CFO
package
Cost of capital analysis. M&A due diligence. Internal audit.
Setting and executing a financial vision for your cannabis company.
The Outsourced CFO Package is intended for cannabis companies looking to stake a serious claim in market share. With this package, our team of CPAs will help you implement a multi-year financial strategy to take your cannabis business to new heights. This can include:
For organizations that have complicated entity structures from investors, we provide updated cost of capital and waterfall distribution calculations
In the market for an acquisition? Our team will put together a portfolio of potential targets and perform the due diligence required
Our team will conduct internal audit procedures on your organization and report the results directly to senior management
All services provided in our Financial Partner Package are included in the Outsourced CFO Package as well
In the evolving cannabis industry, precise financial management is key. At Green Books CPA, our Outsourced Cannabis CFO package offers unparalleled expertise in cannabis accounting and financial strategy, tailored specifically for cannabis businesses. Schedule a consultation today for how a fractional CFO for your cannabis business can benefit you and your investors.
Specific financial services included in this package:
+ Valuations
An accurate valuation of your company or a potential acquisition can be accomplished with a well structured and logically rigorous set of assumptions and guidelines. Often, we must use external, independent sources of data to draw comparisons to other cannabis companies in similar situations to yours. Finally, as any good accountant would do, it's invaluable to have in-depth documentation of the methodology used and the assumptions that went into the calculation. It is our opinion that no matter what firm you ultimately settle on to do your valuations, they should have a deep understanding of the cannabis industry.
To read more about this service and see it live in action, click here.
+ Mergers & Acquisitions
The difficulty of a M&A transaction can be summed up by a single question for both buyer and seller: "Am I getting a good deal?". For both sides of the deal, its important to set a baseline for this question by evaluating the fair market value of the company being acquired. The acquirer has the additional question of how does the acquisition or merger fit into the company's overall vision and strategy for the market. Cannabis firm's which have made some big value acquisitions are usually executing the deal because they believe the company adds significantly to their market footprint. In the current cannabis environment, this results in large cannabis firms carrying a hefty amount of Goodwill on their balance sheet, an asset which must be regularly checked for impairment.
To read more about this service and see it live in action, click here.
+ Internal Audit
A company's internal controls are procedures followed in order to protect the organization's assets. A strong set of internal controls can prevent many future headaches. They help to fight against theft, fraud and organizational inefficiency. They also go a long way in establishing credibility in the eyes of potential investors or buyers of your business. Internal controls can and should be encompassing of all parts of your business. A properly run organization will have effective procedures for everything from accounting systems and cash transactions to IT systems and physical transportation of assets.
To read more about this service and see it live in action, click here.
+ The Financial Partner Package
Inclusve in The Outsourced CFO Package are all of the services found in the Financial Partner Package. This includes Forecasting & Budgeting, Benchmarking, Sales/Cash Dashboards and Ad-Hoc Financial Analysis. This is designed for cannabis organizations thave have clean books and are looking to expand their operations. Expand can mean many things - open new locations, open entirely new product lines, add employees and departments and many other business cases. Ultimately all of these decisions will impact your bottom line and we are here to assess those impacts whenever you like.
It is hard to show an example, since every case is different. Nevertheless, to see an example of an analysis of a new growing opportunity, click here.
our competitive advantage
Our Customer Commitment - our commitment to our customers is built on a foundation of three important principles:
Grow With Us: the idea that everyone in cannabis succeeds together.
Fixed Pricing: the idea of removing uncertainty between firm and client.
Analytical Outputs: the idea that no engagement is ever truly finished.
We Are Industry Specialists - Greenbooks is solely focused on cannabis. By engaging the firm, you will be taking advantage of our cumulative knowledge and application of tax, accounting and financial concepts within cannabis.
Upgrade Your Business - the Outsourced CFO Package is designed to offer a trans-formative service to your cannabis organization. The goal of this package is to make you a local powerhouse through M&A, please your investors with active capital planning and developing then executing a long term financial strategy.
