CFO WORLDWIDE
Chicago, Illinois, United States: Boutique Accounting & Financial Services Firm
* Disclosure – Panther Capital, the majority owner of Marijuana Investor News, is also a substantial owner in CFO Worldwide.
URL: http://cfoworldwide.com/
Founded: 2006
Telephone: (312) 533-9291
Twitter: CFOWorldwide
Email: [email protected]
Employees: 4
Company Stage: Growth
MANAGEMENT TEAM
David Friedman, Founder & President
Jordan Gerber, CEO
Lori Ferrara, Vice President of Business Development
COMPANY OVERVIEW
CFO Worldwide is a boutique accounting and financial services firm, including a specific cannabis practice. We act as an outsource CFO and provide accounting and bookkeeping services to private companies with revenues between $1 million and $30 million. We provide the same services and act as fund administrator for private investment funds with up to $50 million in assets under management. We also act as a multi-family office and provide family wealth counseling and family office services to families with assets between $5 million and $50 million.
COMPANY PROFILE
Revenue Driver:
State governments, including Colorado and Illinois, awarding new licenses to marijuana dispensaries and marijuana-related businesses; generating leads at events; word of mouth.
Competitive Advantage:
CFO Worldwide has over 40 years of combined experience in all industries and is well-versed in the financial needs of cannabis-related businesses.
Business Model:
To offer the highest level accounting and financial services to those involved in the cannabis industry.
Customers:
Investors, producers, cultivators, processors, infused product manufacturers, collectives, clubs, dispensaries and retailers.
Target Market:
Entrepreneurs in the legal cannabis industry looking for superior financial services.
Products:
CFO Worldwide provides top to bottom accounting services including bookkeeping, raising capital, fund administration, tax returns, cash management, budgets, protections, procedures, banking and vendor negotiations.
Customer Problem:
Getting our name out there, acquiring clients, establishing CFO Worldwide as the go-to firm for the cannabis industry, working with banks that can handle the cannabis industry and figuring out the best tax code strategies.
Management:
David Friedman, Founder & President, has over 20 years of experience buying, building, operating and selling closely held businesses and advising businesses and their owners in many transactions. Friedman is widely regarded as a leading expert in M&A, turnaround situations, crisis management and strategic planning for the closely held business and its owners. Friedman has additional expertise in the areas of finance, tax, legal strategy and technology. He is also the publisher of Marijuana Investor News.
Jordan Gerber, Partner, is a CPA with over 20 years of experience as a financial consultant, business owner and turnaround specialist in a variety of industries. Gerber brings a wealth of financial and operational knowledge to all of his clients. Gerber’s expertise includes financial reporting, budgeting, projections, cost reductions, vendor negotiations, inventory analysis and collections.
Lori Ferrara was one of the early members of The ArcView Group and is a direct investor in several cannabis businesses. As a current and founding member of the ILCIA Board of Directors, Lori is focused on improving regulations for cannabis business owners, advocating for the education of qualified patients, driving membership and active participation in ILCIA. Lori is a 25-year veteran of the television distribution industry, where she worked with Warner, Disney ABC Television Group and other media firms. She is vice president of business development for CFO Worldwide’s cannabis practice.
