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Ep. 136: Weathering the Storm: Navigating the Cannabis Downturn
Manage episode 395615457 series 3139795
With cannabis sales in a historic slump, companies are struggling with dwindling cash flows and tough decisions. In this episode, founder and CEO of DOPE CFO Andrew Hunzicker, CPA outlines smart strategic moves for staying afloat.
He'll cover:
How to determine your cash runway and optimal sources of capital in a restricted funding environment.
What costs must be cut vs. defensive investments to retain core capabilities.
Perspectives on assessing if it's time to wind down or exit altogether.
How to plan for the worst, yet operate with the best case scenario in mind.
Whether you're a cannabis entrepreneur or investor, this podcast will equip you with practical tips for managing through the downturn, so you can position your company to thrive once the market recovers.
The future of the industry is bright, but selectivity and savvy strategy are key to endure short-term storms.
161 episoder
Manage episode 395615457 series 3139795
With cannabis sales in a historic slump, companies are struggling with dwindling cash flows and tough decisions. In this episode, founder and CEO of DOPE CFO Andrew Hunzicker, CPA outlines smart strategic moves for staying afloat.
He'll cover:
How to determine your cash runway and optimal sources of capital in a restricted funding environment.
What costs must be cut vs. defensive investments to retain core capabilities.
Perspectives on assessing if it's time to wind down or exit altogether.
How to plan for the worst, yet operate with the best case scenario in mind.
Whether you're a cannabis entrepreneur or investor, this podcast will equip you with practical tips for managing through the downturn, so you can position your company to thrive once the market recovers.
The future of the industry is bright, but selectivity and savvy strategy are key to endure short-term storms.
161 episoder
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