About Us
Chartered Business Valuators (CBV)- To Appraise and Evaluate Unique Business Challenges
Our Cannabiz Appraisal (CBA practice) was established to provide quality and personalized professional service for valuing a Cannabis-Related Business and address the project and corporate finance needs.. Our mission is to provide an alternative corporate financing options, help seek capital market / IPO and evaluate M&A opportunities . We help you navigate the challenges of the industry and drive your growth strategy and funding needs.
Funding - the problem of banks and private equity
We offer a broad array of corporate finance services geared to address growth and funding needs. The banks need to know the client is fully compliant with laws, and has internal controls and governance mechanisms in place. Our team will guide you through your options to make sure that you are comfortable with financing plans.
Are Valuation Multiples relevant in this Industry?
Multiples are typically used in practice to imply values of private companies. But the cannabis industry has many challenges that can limit the use or relevance of such multiples. We have qualified CBV and professional having American Society of Appraisals (ASA) designation with relevant experience in this budding cannabis industry to guide you.
Cannabis Valuation Insights
M&A Deal Metrics - Very High. Consider Going Public - IPO?
Recently. the cannabis industry has experienced a number of high profile M&A activity.. Calculating typical valuation multiples of completed transactions, such as EV/Revenue, EV/EBITDA, Price/Book etc show a wide range of multiples. M&A in Cannabis industry are happening, and, since each stage of full legalization, the value of business and funding needs has increased considerably.
Valuations - Forecast does not make sense?
Medical marijuana is very different from recreation - is transformational which is changing the industry landscape and impacting valuations. Historical results may only reflect the medical use but future forecast should reflect new future revenues from recreation and global medical markets. Key valuation principle is value is based on future cash flows which is likely to be dramatically different from its past. BE CERTAIN and consult a CBV and ASA.
Due Diligence - first essential steps
Have you considered the impact of "Special Purchaser" and what about motivation of buyers and sellers. Other due diligence factors include: Licences, revenue and cash flow generating availability of assets (cultivation land, technology, special equipment), management experience and skill staff on contract, stage of distribution chain, market penetration, growth expectation for market share in Canada and globally.
Our team and relevant qualification
Faisel Hoodbhoy CBV, ASA
Canadian Institute of Chartered Business Valuations
Faisel Hoodbhoy CBV, ASA
Professional Qualifications
• Canadian Institute of Chartered Business Valuators, CBV
• Canadian Institute of Chartered Professional Accountants, CPA, CA
• Institute of Chartered Accountants, England & Wales, FCA
• Institute of Chartered Accountants, England & Wales, CF
• American Society of Appraisers, ASA, Business Valuations & Forensic
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Professional Qualifications
• Canadian Institute of Chartered Business Valuators, CBV
• Canadian Institute of Chartered Professional Accountants, CPA, CA
• Institute of Chartered Accountants, England & Wales, FCA
• Institute of Chartered Accountants, England & Wales, CF
• American Society of Appraisers, ASA, Business Valuations & Forensic
Education and Training
• BA (Hons.) Economics – Leeds University, England
• Healthcare certificate – American Society of Appraisers, ASA
• Systematic financial modelling, AICPA forensic & valuation training
Canadian Institute of Chartered Business Valuations
Faisel Hoodbhoy CBV, ASA
An international career of over 27 years covering Europe, North America, Australasia and the Middle East with extensive exposure to valuation and due diligence, direct/private equity investment, hospitality, real estate, corporate and project finance and business consultancy assignments with leading investment banks, private equity firms,
An international career of over 27 years covering Europe, North America, Australasia and the Middle East with extensive exposure to valuation and due diligence, direct/private equity investment, hospitality, real estate, corporate and project finance and business consultancy assignments with leading investment banks, private equity firms, ‘Big 4’ international firms, NASDAQ subsidiary and Investment Advisory boutique. Extensive involvement in the banking, capital markets and financial advisory services, including business development & corporate finance, investment department head functions that has resulted in my ability to add maximum value to clients whilst acting with integrity and a high degree of professionalism in each of my engagements and to help maximize investment returns.t.
Canadian Institute of Chartered Business Valuations
Canadian Institute of Chartered Business Valuations
Canadian Institute of Chartered Business Valuations
CBV and ASA qualification holders
Our experience - IPO, Corporate Finance and Financial Advisory
NASDAQ DUBAI
As Head of Corporate Finance and Listing (DIFX, NASDAQ Dubai) and Project Manager of the largest IPO in Middle East, DP World listed on NASDAQ Dubai with capital raise of US $ 4.8B. Member of the Stock Exchange Listing panel since 2007 and done in excess of 13 equity listings and 7 debt issues..
DIFC Financial Centre - Closing the Deals
Established and obtained licence for Trimark Capital Limited, a DIFC firm offering merchant banking services tailored to the requirements of the alternative investment sectors, equity and debt capital markets, financial advisory and fund raising. . Recently sold my interest in the firm and achieved 170% ROI. Worked as Executive Director at ICVS Consulting (a corporate finance and valuation advisory boutique) responsible for day to day operations and managing all relationship with various private equity, investment firms and family offices.
Hoodbhoy CPA - Corporate Governance and Risk Advisory
A cannabis grow facility, dispensary or retail business can be quite lucrative and with cash dealing. As an evolving legal industry cannabis businesses require all the accounting and financial / risk advisory services, including tax returns and proper internal controls. Hoodbhoy CPA has experience in preparing companies for IPO and the best practice for Cannabis business books and records and governance.