Cannabis and Hemp Advisory Solutions
Advisory Services for Cannabis Businesses
Your cannabis business deserves an experienced team of experts that knows how to facilitate growth in the face of both day-to-day and long-term challenges. Since 2009, our experts at BGM have served over 600 businesses in the areas of hemp, CBD, medical marijuana and ancillary services involving cannabis.
Our professionals have helped organizations address the many distinct challenges that occur throughout the lifespan of a cannabis company. Let us guide you through the receipt of a new cannabis or hemp license, company growth, market expansion, market competition or any crises.
When you seek our tailored advisory services for cannabis businesses, you’ll gain a partner to help you:
- Improve workflow and performance
- Increase growth
- Manage risk
- Optimize profitability
01 Cannabis Mergers and Acquisition
Our accounting and advisory professionals can serve as key partners throughout cannabis mergers and acquisitions. With our extensive experience in this niche industry, we provide the exceptional insight and independence necessary to render objective opinions.
You can rely on our Minnesota-based firm to simplify the complexities involved in all aspects of buying and selling cannabis, hemp and CBD businesses. Specifically, our team can:
- Analyze and mitigate risks
- Analyze strategic liquidity alternatives
- Assess value
- Market the deal
- Negotiate favorable terms for a successful closing
Buy-Side Due Diligence for Cannabis Organizations
- Execute buy-side due diligence
- Perform tax advisory structuring of deals
- Perform business valuation
- Recognize internal control issues with systems and personnel
- Evaluate the quality of working capital and recent trends
- Assess the target’s earnings and cash-flow quality
- Analyze the quality of assets and liabilities being acquired or assumed
- Perform post-deal reviews and post-acquisition calculations
- Provide analysis of the target company’s financial projections
- Divestitures and carve-outs
- Review purchase agreements
Sell-Side Due Diligence for Cannabis Organizations
- Support seller-side preparation and positioning for sale
- Perform tax advisory structuring of deals
- Review 280E compliance based on BGM’s experience
- Provide access to BGM’s internal database to help position the company
- Assess the target’s quality of earnings and cash-flow quality
- Perform post-deal reviews
02 Forensic Accounting and Litigation Support for Marijuana Businesses
Litigation support services can be categorized either as testifying expert services or as consulting expert services. Our trained professionals are certified in forensic accounting, have significant testifying experience and will accept the most challenging cases. We’ll provide you with an independent objective opinion and testimony, and help reach a fair, equitable and just decision.
Consulting for the Cannabis Organization
As a consultant, we help our medical marijuana and recreational marijuana clients achieve the most favorable outcome. Look to us for help at all stages of the forensic accounting or litigation process. Specifically, we can:
- Identify various types of damages
- Prepare a preliminary estimate of damages to help determine if damages are sufficient to proceed with litigation
- Facilitate discovery by identifying documents to request, as well as, determine if the documents received are responsive to the request at hand
- Help counsel prepare potential questions for interrogatories, depositions, and testimony
- Critique the opposing expert’s opinion
- Assist in settlement negotiations
We can also help you anticipate the process and identify any losses and economic damages in cases of:
- Breach of contract
- Business valuation disputes
- Shareholder disagreements
- Matrimonial dissolution
- Professional malpractice
- Fraud
03 Cannabis Profit Improvement
Whether you’ve only been operating for a few months or many years, BGM can help you operate more efficiently and effectively. Since 2009, our advisory professionals have provided targeted financial guidance and forecasting for cannabis, hemp, medical marijuana and related businesses.
Guiding cannabis organizations through day-to-day operational issues and helping them navigate the legislative landscape is what BGM does best. Additionally, we’ve developed proprietary tools to help increase your profitability and improve your bottom line. These tools are based on our in-depth knowledge, insights and experience in the cannabis industry.
As your organization grows and evolves, you can rest assured knowing our flexible services will evolve with you.
Increase Profitability With Our Tailored Advisory Services for Cannabis Businesses
- 280E mitigation
- Branding and name recognition analysis
- Cannabis permit consulting
- Cash flow improvement
- Employee training
- Gross margin analysis
- Implementation of an inventory accounting system
- Internal control over cash and inventory
- Inventory costing analysis
- Inventory reorder
- Labor costs analysis
- Market analysis
The BGM Benefit
Connect with an Industry Advisor
