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Planning and Strategies for Cannabis Business Success

Cannabis Business Planning and Strategy: The Importance of Due Diligence

The cannabis industry is growing rapidly, with more and more companies entering the market each year. However, as the sector matures, the cost of making bad decisions in cannabis sector transactions has become increasingly high. This is why it's essential for cannabis companies to invest in pre-acquisition due diligence and other forms of due diligence.

Cannabis Global Consultants is a leading cannabis licensing and regulatory consultancy that provides a comprehensive range of due diligence services for companies looking to buy or sell a licensed cannabis facility, enter into a joint venture with a federal cannabis license holder, or conduct a quality and compliance audit of a potential partner facility.

Pre-acquisition Due Diligence

Before making a transaction, it's important to conduct an in-depth review of the target company. This includes attending licensed sites to assess the physical facilities, regulatory compliance, operating practices, leadership team, quality procedures, work culture, and other key features. This enables companies to identify any current problems and future concerns before making a transaction.

Joint Venture, Lease/Sub-lease and Royalty Transaction Due Diligence

When entering into a joint venture, lease/sub-lease or royalty transaction, it's essential to ensure that the host company and site align with the activities to be undertaken. CannaNavigators evaluates the licensing, physical facilities, quality systems, and operating practices of the host company to ensure that the transaction is compliant and in line with the required standards.

Quality and Compliance Audits

A quality and compliance audit is an in-depth review of the quality system and overall compliance program of a licensed cannabis facility. This ensures that the required standards are in place and that the company is operating within the legal framework. CannaNavigators attends licensed sites to perform this review, providing valuable insights and recommendations to help companies make informed decisions.

How we can help?

Due diligence is an essential aspect of cannabis business planning and strategy. By investing in pre-acquisition due diligence, joint venture, lease/sub-lease and royalty transaction due diligence, and quality and compliance audits, companies can reduce the risk of making bad decisions and ensure that they are operating within the legal framework. Cannabis Global Consultants is the leading cannabis licensing and regulatory consultancy that provides a wide range of due diligence services to help companies make defensible decisions.

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