Financial Operations Insights, Guides, and Tools
Biotech Burn Rate and Runway: How to Build a Cash Forecast That Holds Up
We’ve all heard the expression “time is money,” but nowhere is it more meaningful than in biotech. In this industry, cash is the clock. Every dollar spent either moves a project forward or delays progress towards a milestone. Unlike most sectors, biotech startups often operate for years without revenue, underscoring the importance of understanding and managing cash burn and cash runway.
CFO Advisory for Life Sciences: Tracking KPIs That Actually Matter
Success in life sciences is as much about financial planning and timing as it is about the mission itself. Research and development (R&D), clinical trials, and regulatory approvals are resource-heavy and typically funded through investment, requiring meticulous financial management, reporting, and planning to ensure plans stay on track.
High-Level Guidance: How Cannabis Business Coaching Can Elevate Your Operation and Your Profits
If you are thinking about launching a cannabis business—or looking for ways to improve your current operations—cannabis business coaching can help you in many ways. Coaching delivers niche expertise and insight into what makes a cannabusiness profitable, helping you develop the mindset and best practices you need to succeed.
What Investors Want to See in Your Cannabis Financials
Raising capital in the cannabis industry isn’t just about a good pitch deck and solid vibes. Investors are digging into your financials, and they’re bringing sharp pencils. Whether you're prepping for a seed round, Series A, or strategic partnership, your financial readiness is what builds trust and opens wallets.
The Budget Process: A Step-by-Step Guide for Marijuana Businesses
Budgeting is critical to business success – perhaps even more so in the cannabis industry as operators grapple with tight margins, regulation, and stringent taxation. Budgeting enables better decision-making and helps business owners establish and track progress toward financial goals. Suffice it to say that with a firm grip on your budget, you’ll be on the road to financial stability in no time.
Budgeting vs. Forecasting: What is the Difference?
Budgets and forecasts are integral to efficient business financial planning. Each process supports decision-making, helping you plan for the future and align strategy to business goals.
Understanding Debt Financing in the Cannabis Industry: The Ultimate Guide
Cannabis businesses are inordinately challenged to obtain financing. Traditional lenders are unwilling to take the risk, and stigma remains due to federal restrictions in this highly regulated field. That said, some lenders understand the unique dynamics of the industry, opening doors to growth through debt financing and allowing cannabis operators to obtain the capital they need without sacrificing business equity.
How to Raise Capital for Your Cannabusiness
Access to capital is the lifeblood of any cannabis operation. Finding investors is the first step. Accurate financials, a compelling brand story, and concrete plan for the future are just a few of the elements you need to win investors over. We walk through the essential steps and opportunities you need to consider for raising cannabis capital.
High Profits, Low Cash? Welcome to the Cannabis Biz Paradox
Cannabis accounting is complicated! But if you’re perplexed about the lack of cash on hand—despite running a profitable business—it’s a conundrum you need to solve.
Today, we’ll dive into the differences between cash flow and profits, deconstruct the paradox, and provide actionable tips to help you manage both like a pro.
Manufacturing KPIs to Track for Financial Success
Efficiency is the bedrock of cannabis manufacturing success. Costs are rising, regulatory frameworks are evolving, and supply chains are becoming more fragmented. Overcoming these challenges requires meticulous planning, tracking, and analysis of key performance indicators (KPIs).
Understanding Your Cannabis Business Cash Flow
Understanding your cash flow is essential to satisfying financial commitments—and it’s the first thing investors and lenders want to see before getting involved. For these reasons, reviewing your cash flow statements and performing cash flow forecasts regularly is vital. Read our guide to cash flow best practices for cannabis businesses.
What’s the Difference Between a P&L and a Balance Sheet?
Balance Sheets and P&L statements are two of the most common business financial statements. But what’s the difference between balance sheets and P&L? We’ll dive into the details and show you how to use them.
Four Cash Flow KPIs Dispensaries Must Track
Cash flow is the lifeblood of dispensaries. Tracking cash flow and cash flow KPIs can help you stay on top of your shop’s performance. Here are the four KPIs every dispensary must track.
7 Innovative Ways to Improve Cannabis Cash Flow
If your cannabis or hemp operation’s cash flow could use a little reinvention we’ve got a few creative tips to help you move it in the right direction.
CFO or Controller: Which is Right for Your Cannabis Business?
Financial Red Flags: Eight Signs it is Time to Switch Accountants
Unlocking Capital for Hemp CPG Brands: A New Era of Financial Opportunity
A new lender is offering robust working capital loans to hemp CPG brands. Check out the terms and qualifications to see if your hemp brand qualified.