cannabis financial cohort: funding growth Portland, or
Application deadline: December 20, 2024
On average, a licensed cannabis brand will cost $500,000 or more to start from scratch. A white-label brand will cost $200,000 to launch. Cannabis companies must secure outside funding early and more than once in their lifecycle. Recognizing that financial acumen and fundraising readiness is a baseline for cannabis entrepreneurs, this cohort fast tracks cannabis founders to readying the financial and business plan documents necessary to secure outside capital.
Over 6 months, the Funding Growth Cohort will combine online courses, a 3-day workshop, one-to-one coaching, and peer support to ready participants with the financial documents, confidence, and community to take on cannabis fundraising. Whether this is your first time fundraising or your fourth, the cohort will help you approach outside capital as a powerful asset to fuel your growth with two tracks: one tailored for startups and one tailored for operating businesses.
An Outcomes-Based Cohort: Funding-Ready Knowledge, Confidence, Community
You’ll have the templates and coaching to complete the business and financial documents needed for fundraising, and have the knowledge to speak to your financials. Don’t miss this FREE opportunity to have cannabis-specific finance and lending experts help you conquer this critical milestone for your business in a supportive community.
On-Demand & Online
Cohort begins online with on-demand courses led by finance and lending experts to give you the baseline knowledge to begin preparing your documents and plans. Templates are provided to download alongside each online course so you can build your documents as you follow along with culturally-responsive instruction. You can also schedule online coaching sessions at your convenience. The online resources and coaching access prepares you to maximize the time spent in the workshop.
Hands-On & In-Person
Cohort participants should reserve their calendars to dedicate Jan 13 – 15 to fueling their growth. Attendance at this 3-day in-person workshop is mandatory for successful document completion. Over 3 days, cohorts will further the financial and business plan documents you’ve started online. The classroom setting includes instructors providing 1:1 and group support. The 3 days also include wellness therapies to support your mental health because fundraising is a long arduous journey.
Connected Community Support
Broad community connections with other Portland cannabis founders are made through in-person meet-ups and online forums. As well, cohorts are connected to a small group of peer participants on a similar fundraising path. Additionally, “accountability partners” give cohorts a peer to help motivate completion of milestones and documents.
Have at Funding Growth Completion:
- Basic financial documents (balance sheet, profit & loss statement)
- Pro forma
- Chart of accounts
- Go-to-market plan
- Pitch deck outline
- Use of funds with projected return on investment
- Daily cash log
- Grow calendar (if applicable)
Know at Funding Growth completion:
- 280e accounting and full absorption cost accounting
- The mechanics of business financials
- How to view cash as an asset and follow the money in your business
- How financial trauma can impact fundraising
Meet Faith, a Cohort Financial Coach
Faith Anderson’s trauma-informed and culturally-responsive financial coaching is guided by her desire to help entrepreneurs thrive and see their greatest potential fulfilled. Cohorts work with Faith Anderson and her team of financial coaches in one-to-one sessions and in the 3-day workshop. Faith wants all business owners to know you should not feel shame about what you don’t know. We have seen it all, and are here to take the first step with you to financial empowerment.
Faith Anderson
VP of Finance & Operations
Faith has more than 20 years of finance and accounting experience with non-cannabis and cannabis companies. Her cannabis finance experience includes accounting lead at a large cannabis accounting firm, serving as finance lead for a handful of cannabis companies. And, Faith spent five years as head of finance for a vertically-integrated cannabis company in Maryland. Faith knows cannabis finance inside and out and has a passion for helping new business owners understand their financials. Faith believes all cannabis businesses should protect themselves by having rigorous and compliant accounting. She also wants to help our clients heal from their money trauma. Schedule a meeting with Faith.
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