TerrAscend

Chief Financial Officer

Remote

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Cannabis, RetailIndustries

Requirements

Candidates must possess at least 15 years of progressive financial leadership experience, preferably in the cannabis, CPG, or life sciences industries. A strong understanding of financial strategy, operational planning, and compliance within the regulated cannabis industry, including knowledge of Section 280E and limited access to traditional banking, is essential. Experience in investor relations, capital management, M&A, and leading finance teams is also required.

Responsibilities

The Chief Financial Officer will serve as a strategic advisor to the CEO and Executive Team, developing and executing the company's financial strategy. Responsibilities include overseeing financial planning, analysis, budgeting, forecasting, and investor relations. The CFO will also manage capital raising efforts, ensure regulatory compliance within the cannabis industry, lead financial due diligence for M&A, and mentor the finance and accounting team.

Skills

Financial Strategy
Operational Planning
Compliance
Financial Policy
Growth Initiatives
Risk Management
Financial Reporting
Budgeting
Forecasting
Cannabis Industry Regulations

TerrAscend

Produces and sells cannabis products and services

About TerrAscend

TerrAscend specializes in producing and selling cannabis products for both medicinal and recreational use. The company grows cannabis plants and processes them into various forms, including dried flower, oils, and edibles, which are then sold through their own retail brands and other distribution channels. Unlike many competitors, TerrAscend has a comprehensive business model that includes cultivation, processing, manufacturing, and retail, allowing them to control the quality of their products from start to finish. Their goal is to provide high-quality cannabis offerings while ensuring compliance with safety and efficacy standards, and they aim to expand their market presence through strategic acquisitions and innovation.

Ontario, CaliforniaHeadquarters
2017Year Founded
$19.9MTotal Funding
IPOCompany Stage
Food & Agriculture, BiotechnologyIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
401(k) Retirement Plan
401(k) Company Match
Employee Assistance Program
Paid Parental Leave
Short & Long Term Disability
Flexible Spending Account
Wellness Program
Employee Discount
Paid Vacation

Risks

High competition in Ohio may impact TerrAscend's profitability.
The 12.75% interest rate on debt financing could strain financial resources.
Reliance on promotions like 'Green Wednesday' may indicate inconsistent revenue streams.

Differentiation

TerrAscend is a vertically-integrated cannabis company with a global presence.
The company focuses on both medicinal and recreational cannabis products and services.
TerrAscend's strategic acquisitions enhance its growth and market presence.

Upsides

TerrAscend's entry into Ohio expands its footprint to six states.
The $140M financing strengthens TerrAscend's financial position for future growth.
Innovative product offerings like Legend mini pre-rolls boost brand visibility.

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