Standard financial controls for rapid scale in vertically integrated business
Strategic financial support in a $10m+ Capital Raise
The Situation
After a successful liquidation event, a serial entrepreneur started a contract manufacturing company with plans to build a vertically integrated provider for the CBD/Hemp industry. With significant investment in the business targeting a fast-growing industry, The Hemp Manufacturing Company wanted to ensure they had proper visibility into their financials as they were looking to scale quickly.
The Result
Compass East implemented a cloud-based, technology ecosystem that established a scalable financial operation to fit the company’s fast-paced growth. We were able to provide proper financial controls and visibility into cost accounting for product margins. Ultimately Compass East Controller oversight and reporting enabled supply chain and operational teams to effectively execute on growth strategy.
After about a year and a half, the Hemp Manufacturing Company decided to expand into other areas of the CBD/Hemp supply chain. Compass East developed the financial model and strategy that supported the company’s $10,000,000 raise for the new business venture.
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