GAAP-Aligned Statements
Institutional lenders and investors expect accrual-basis statements with proper inventory valuation, revenue recognition, lease accounting and accrued liabilities. Plenty of operators are still running a cash-basis approximation that falls apart the moment diligence starts.
We prepare accrual statements with full supporting schedules, and where a transaction is on the horizon, we prepare the historical restatement diligence will require ahead of time.
- Balance sheet, income statement and cash flow statement with footnote support
- Inventory valuation tied to physical counts and track-and-trace records
- Fixed asset registers and function-based depreciation schedules
- Debt, lease and related-party disclosure schedules
Multi-Entity and Consolidated Reporting
Illinois operators often run several entities at once — a licensee, a property holding company, a management company, sometimes a brand entity, and frequently a social equity investor or management-services structure with ownership-percentage covenants built in. Reporting has to work both consolidated and entity-by-entity, with intercompany transactions cleanly eliminated.
This isn't just presentation — intercompany arrangements are a favorite examination target, and reporting that can't isolate them invites the conclusion that the entities aren't really separate.
Dashboards and Operating KPIs
Financial statements are backward-looking. Dashboards show performance while it can still be changed. We track a short list of metrics that actually move a cannabis P&L: gross margin by channel and category, cost per pound or per unit, inventory turns and aging, labor as a percentage of gross profit, and cash conversion.
The list stays short on purpose — a dashboard nobody looks at has zero operating value.
Lender and Investor Reporting
Cannabis lenders and investors underwrite against inventory, receivables and demonstrated margin, and their reporting covenants are demanding. We deliver the recurring package — statements, covenant math, borrowing base, variance commentary — on whatever schedule the agreement requires.
Consistency is the goal here. Reporting that changes format or method every quarter reads as instability regardless of how the business is actually doing.
Preparing for Audit or Review
Operators heading into an external audit, a review, a public listing or an acquisition need records built to a higher bar: documented policies, supported estimates, complete reconciliations and an evidence trail behind every material balance.
We prepare the schedules an outside auditor will ask for and manage the request list during fieldwork, which shortens the engagement and keeps the cost down.
