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I created a FREE to join Facebook group for accounting professionals who want to launch and grow there firm serving the cannabis niche.
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I've been preparing to mentor a much bigger audience in 2023 and have A LOT of knowledge to share around launching and growing your cannabis accounting practice.
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Expansion Blueprint: Financial Foundations for Growth
May 28, 2024 at 10 AM PT
In the rapidly evolving cannabis industry, financial ingenuity and strategic foresight are paramount for businesses aiming to scale and solidify their market presence. “Expansion Blueprint: Financial Foundations for Growth,” a compelling talk promises to delve deep into the financial strategies and leadership insights pivotal for driving growth and profitability in this dynamic sector. Featuring Wassef Tawachi, the esteemed CFO of THC Design, this session is tailored for entrepreneurs, finance professionals, and industry leaders eager to explore the financial blueprints that have catalyzed success within the cannabis domain.
Wassef Tawachi, a visionary in the cannabis landscape, brings to the table a distinguished career marked by significant contributions to corporate finance and strategic expansion. As the former Co-Founder and CEO of Ciencia Labs, Tawachi was instrumental in transforming the start-up into a powerhouse within the cannabis industry, demonstrating an exceptional ability to guide substantial growth and secure a successful acquisition by Columbia Care. His leadership was crucial in developing an award-winning brand portfolio that included notable names such as dreamt, Luchador, and quell, showcasing his knack for innovation and strategic brand positioning.
Now at the helm of finance and accounting at THC Design, one of California’s leading cannabis brands, Tawachi continues to leverage his profound expertise to enhance the company’s financial framework and operational profitability. His strategic initiatives have significantly contributed to THC Design’s robust financial performance and its esteemed stature in the market. Tawachi’s rich background, including pivotal roles across various major cannabis brands in California and a foundational experience at First Republic Bank’s Luminous Capital, underpins his adeptness in navigating the complex financial landscapes of high-growth industries.
This talk aims to unfold the layers of Tawachi’s strategic approach to building finance and accounting foundations that support and drive expansion. Attendees will gain insights into the intricacies of establishing efficient finance departments within the cannabis industry, strategies for propelling profitability, and the nuances of navigating acquisitions and securing institutional investments. Through a series of focused questions, Tawachi will share his journey of advancing THC Design’s financial performance, the challenges of scaling brands to national and international markets, and his methods for ensuring compliance with stringent financial regulations in the cannabis sector.
The session will cover key areas essential for finance professionals, entrepreneurs, and industry leaders in the cannabis sector:
- Establishing Robust Financial Foundations: Participants will learn from Tawachi’s experience in setting up efficient finance and accounting departments tailored to the unique challenges and opportunities within the cannabis industry. This segment aims to shed light on creating a sustainable infrastructure that supports growth and operational profitability.
- Strategic Profitability and Expansion: Tawachi will share insights into the strategic initiatives that have driven profitability across all departments at THC Design. Attendees will discover the nuances of scaling cannabis brands to reach national and international markets, including the strategies that have enabled THC Design to thrive.
- Navigating Investments and Acquisitions: This part of the discussion will delve into the complexities of securing institutional investments and navigating the waters of high-value acquisition negotiations. Tawachi’s experience in fostering successful financial partnerships offers invaluable lessons for companies looking to expand their reach and secure their financial future.
- Compliance and Innovation in Financial Strategies: Compliance with financial regulations in the cannabis sector is notoriously complex. Tawachi will explore strategies to ensure compliance, the role of strategic vision in financial success, and how to foster innovation within finance and accounting departments to stay ahead in a highly competitive and regulated market.
This webinar is not merely a talk; it’s an opportunity to understand the financial strategies that fuel growth in one of the most challenging yet rewarding industries. It’s an invitation to learn from Wassef Tawachi’s remarkable journey and apply these lessons to navigate the financial challenges and opportunities within the cannabis sector and beyond.
WASSEF TAWACHI
CFO OF THC DESIGNS
Wassef, an accomplished leader in the cannabis industry, boasts a proven track record in corporate finance and strategic growth.
Former Co-Founder and CEO of Ciencia Labs, Wassef played a pivotal role in guiding the company from its inception to becoming one of the fastest growing brands in the cannabis sector. His leadership led to the development of an award-winning portfolio of brands, including dreamt, Luchador, and quell. Under his guidance, Ciencia Labs experienced significant growth, ultimately culminating in its successful acquisition by Columbia Care.
Currently serving as the CFO of THC Design, a prominent cannabis brand in California, Wassef is dedicated to elevating the Finance and Accounting department’s capabilities while driving profitability across all departments. His strategic initiatives have been instrumental in advancing THC Design’s financial performance and solidifying its market presence.
Prior to joining THC Design, Wassef contributed his financial expertise to several major cannabis brands in California. His focus on establishing robust Finance and Accounting infrastructures, along with implementing corporate FP&A processes, empowered executive teams to make informed financial decisions, facilitating substantial growth trajectories for these companies.
Wassef’s achievements extend beyond corporate accounting. He has successfully secured investments from multiple institutional backers, navigated high-value acquisition negotiations, and facilitated the expansion of his companies into national and international markets.
Before entering the cannabis sector, Wassef honed his financial acumen at First Republic Bank, where he served as a key member of one of the nation’s top wealth management teams, Luminous Capital. In this role, he skillfully managed client funds across diverse asset classes, with a particular focus on non-correlated illiquid assets.
Wassef’s unique blend of strategic vision, financial expertise, and leadership skills continues to drive success in the dynamic and rapidly evolving cannabis industry. His commitment to excellence and innovation positions him as a key leader in shaping the future of this burgeoning sector.
Become a Certified CannabisSeed Counter!
Ready to become one of the country’s first accounting professionals to get certified as a cannabis seed counter? The cannabis industry is rife with regulatory pitfalls that create ongoing headaches for CEOs. As the expert who can ease their pain, you’ll be in high demand.
In 8 weeks, you can learn this niche, build your business, and earn your worth.
