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Full-Time

Regional Director of Finance

Posted on 8/31/2024

TerrAscend

TerrAscend

201-500 employees

Produces and sells cannabis products and services

Healthcare
Consumer Goods

Senior, Expert

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Sales
Communications
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree and MBA, or equivalents, in Finance, Accounting, Business Admin
  • 5+ years of FP&A or Finance experience, including multi-entity organizations
  • 5+ years of proven financial/data analysis experience in CPG industries
  • Knowledge of end-to-end corporate external financial reporting activities
  • Highly proficient with Microsoft Office including, Excel, Word, and PowerPoint
  • Strong Written and Verbal Communication, ability to write clearly and concise
  • Strong attention to detail, excellent organization abilities
  • Strong communication, collaboration, and interpersonal skills
Responsibilities
  • Support VP of Business Unit Finance in driving and executing the monthly and annual plan process across the region.
  • Engage with business leaders and provide guidance based on calculated and well thought out recommendations, act as a trusted advisor to drive insights
  • Support the continued development of Budgeting, Financial Forecasting, Operating Plan, Business Cases, and Modeling tools
  • Lead continued development of driver-based Scorecard/KPI reporting and tracking for business insights, and drive operational continuous improvement and enterprise-wide alignment
  • Develop financial models and analyses to support strategic initiatives across our entire product life cycle from Cultivation to Manufacturing to Retail
  • Analyze current and past trends of key performance indicators, including all areas of revenue, cost of sales, expenses, working capital, and capital expenditures
  • Expand forecasting capabilities to include long range multi-year scenarios or additional enhancements utilizing technology and systems to streamline and create efficiencies in reporting
  • Manage, own, and improve upon weekly and monthly financial reports. Collaborate with teams to enhance reporting for decision making both in operational businesses and at corporate level
  • Partner with functional leaders to provide visibility and understanding around financial drivers, fluctuations to budget, and accounting implications to operational decision making as it aligns with forecasting
  • Act as subject matter expert for Finance and actively participate in new technology implementation of systems (e.g., OneStream) in partnership with global FP&A teams including development of streamlined variance analysis reporting templates for efficient financial processes and insights
  • Implement and work with Business Intelligence and Dashboarding tools, drive alignment across Enterprise
  • Develop performance indicators, highlighting trends and analyzing causes of unexpected variance(s)
  • Analyze complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes
  • Provide ad hoc monthly, quarterly, and annual reporting as required
  • Other duties as assigned

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 diverse 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.

Company Stage

IPO

Total Funding

$332M

Headquarters

Ontario, California

Founded

2017

Growth & Insights
Headcount

6 month growth

13%

1 year growth

24%

2 year growth

85%
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Simplify's Take

What believers are saying

  • TerrAscend's listing on the Toronto Stock Exchange as the first cannabis company with revenues from multi-state operations in the U.S. highlights its strong market position and growth potential.
  • The acquisition of Herbiculture and the launch of adult-use sales in Maryland are expected to drive substantial sales and profit growth.
  • The company's ability to secure significant financing, such as the $25M loan and $20.5M private placement, indicates strong investor confidence and financial stability.

What critics are saying

  • The highly regulated nature of the cannabis industry poses compliance risks that could impact TerrAscend's operations and profitability.
  • The integration of multiple acquisitions may present challenges in terms of operational efficiency and cultural alignment.

What makes TerrAscend unique

  • TerrAscend's multifaceted business model, encompassing cultivation, processing, manufacturing, and retail, sets it apart from competitors who may focus on only one or two aspects of the cannabis supply chain.
  • The company's strategic acquisitions, such as Herbiculture and The Apothecarium, have significantly expanded its market presence and operational capabilities.
  • TerrAscend's commitment to scientific research and innovation ensures high-quality products, distinguishing it from competitors who may not prioritize these aspects.
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