Health Canada will need to assess if you can sustain the process of starting
and operating as a commercial licensed producer.
Developing a financial model may be necessary to present to Health Canada to illustrate the organization’s ability to sustain the process of starting and operating as a commercial licensed production of medicinal cannabis for the Canadian Market.
A financial model may be a good option to have available to investors that may be willing to help grow or support the organizations business plan. A basic way of looking at a financial model is to identify the bottom line or in the case of cannabis the projected yield production ability with the retail cost figure to the evaluate the outcome.
Financial modelling would include costing and budgeting. An opportunity to start a commercial production must identify the key assumptions, fixed costs of equipment and utility costs. The facility will have employee’s wages to consider. Cannabis Compliance Inc.’s experts have had experience in these areas of predicting high-end costing to ensure a sustainable budget.
We at Cannabis Compliance Inc. can create a realistic yield forecast or financial model to represent the first year of production output capabilities of the company prior to production. After year one we can infer the data accumulated from the record keeping methods in place. The goal would be to identify ways to improve efficiencies and increase the yields of the cannabis being produced. This may be from analyzing different strain selections and the yield per square foot, fertilizer usage, water usage, energy consumption and labour costs.