Indiva Advisors LLP Archives - Green Market Report

Cynthia SalarizadehCynthia SalarizadehSeptember 16, 2020
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2min730

Latina-owned Indiva Advisors LLP will join an elite roster of accounting firms and representatives on the American Institute of Certified Public Accountants (AICPA) National Commission on Diversity and Inclusion (NCDI).

The NCDI was formed in 2012 to be diversity and inclusion advocates in the accounting profession. The team at Indiva Advisors has broken its own barriers when it comes to diversity and inclusion and looks forward to using its extensive experience to champion minority advancement in the field. Indiva Advisors holds the “small CPA firm” seat on the 2020 roster.

Managing Partner Jessica Velazquez, CPA

Managing Partner Jessica Velazquez, CPA said that she and her team are “proud and honored of this appointment and to serve in this seat,” and that “Representation matters.” She explained that she is looking “forward to advocating for women and minorities on the NCDI” as she has done throughout her career.

Indiva Advisors LLP is the leading accounting firm dedicated to the cannabis industry. Their mission is to transform the expertise and understanding of the evolving cannabis industry into innovative, value-added solutions for those they work with.


William SumnerWilliam SumnerJuly 25, 2019
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5min5330

It’s time for your Daily Hit of cannabis financial news for July 25, 2019.

On the Site

Leafwire

Leafwire, the largest cannabis business network worldwide, announced today the closing of a Seed Round for $1 Million. Since its launch, Leafwire has grown rapidly, often with over 1,000 members visiting the platform daily. Leafwire currently boasts more than 16,000 members currently and is projected to surpass 25,000 members by the end of the year.

Executive Spotlight: Jessica Velazquez, Managing Partner of Indiva Advisors LLP

Jessica Velazquez is a Certified Public Accountant (CPA) licensed in Illinois & Nevada and Partner of Indiva Advisors LLP, a full-service accounting firm for cannabis and hemp businesses.

Heavenly Rx

The hemp-CBD company Heavenly Rx Ltd. announced today that it has closed its acquisition of Tru Brands Inc. Tru Brands is a health and wellness company focused on developing a suite of all-natural food products. Under the agreement, Heavenly Rx will acquire a 51% stake in Tru Brands for $3.5 million in cash and $2.57 million in company stock. Through a series of working capital injections, the company will eventually increase its stake in Tru Brands to 62%.

Auxly Cannabis

The tobacco industry is betting big on cannabis. Today, Auxly Cannabis Group Inc. (TSX.V: XLY) (OTCQX: CBWTF) announced that the international tobacco company Imperial Brands PLC will make a $123 investment in the company through a convertible debenture.

In Other News
Namaste Technologies

Namaste Technologies Inc. (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) announced that it has settled a series of class action lawsuits filed against the company in both the United States and Canada. The suits were filed in response to a report published by Citron Research alleging securities violations.  Without admitting guilt or liability, Namaste will pay $2.15 million to settle claims in Canada and $2.75 million to settle claims in $2.75. Much of the payout will be funded through the company’s insurance, Namaste itself will only contribute $500,000. In a statement, interim CEO Meni Morim said that the settlement was a “win-win for Namaste Shareholders and business partners alike.”

Cannara Biotech

Cannara Biotech Inc. (CSE: LOVE) (FRA: 8CB) (OTCQB: LOVFF) announced the release of its financial results for the third quarter, ending on May 31, 2019. Lease revenue was $506,785 and lease operating costs were $221,157. The company’s operating expenses for the quarter was $150,429, amortization expenses were $150,429, and the net loss was $2.8 million. As of May 31, 2019, Cannara had a net working capital amount of $28.43 million, which should be sufficient to fund its planned construction and operating expenses for at least the next year. “Given the size of our facility and the self-evident need for greater supply in the marketplace, we are as committed and confident as ever in our mission to be an integral cannabis producer in the Canadian landscape, combining scale with premium quality,” said said Zohar Krivorot, President and CEO of Cannara.

SOL Global Investments Corp.

SOL Global Investments Corp. (CSE:SOL (OTCPK:SOLCF) ) (Frankfurt:9SB) announced a $2 million capital infusion its portfolio company CannCure Investments Inc. The capital infusion is aimed at accelerating expansion initiatives of companies owned, or soon to be owned, by CannaCure; including Northern Emerald and One Plant Dispensaries.


StaffStaffJuly 25, 2019
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5min16990

Jessica Velazquez is a Certified Public Accountant (CPA) licensed in Illinois & Nevada and Partner of Indiva Advisors LLP, a full-service accounting firm for cannabis and hemp businesses

Jessica assists business owners navigate through unique accounting, tax, and financial industry challenges. She guides c-suite executives achieve their goals by providing guidance on tax and general business matters. She brings with her a wide array of experience, working with closely held businesses as well as publicly traded multinationals, across a variety of industries such as gaming, retail, and manufacturing.

Jessica hails from traditional business, having worked for public accounting firms PricewaterhouseCoopers and Ernst & Young, as well as Zappos.com. In 2013, Jessica started her own practice with an emphasis on income tax planning and strategic business consulting for closely held companies. After identifying a gap for qualified professionals in the cannabis industry, she sought advice from state and federal oversight boards and realized that her past experiences gave her the ability to understand the needs of both large and small, and decided to take the leap.

Jessica is Indiva Advisors’ main authority in 280E and general tax matters for individuals, partnerships, and corporations. She is responsible for representing clients in federal audit and collection cases and has a wealth of experience with state and local tax matters. She enjoys problem-solving and working with clients to achieve their tax and business goals.

Jessica holds a Master of Science in Taxation degree from DePaul University and a Bachelor of Science in Accounting from Southern Illinois University. She is actively involved in several professional organizations such as the American Institute of Certified Public Accountants and the National Association of Tax Professionals.

GMR Executive Spotlight Q&A – 

Full birth name: Jessica Velazquez

Title: Managing Partner

Company: Indiva Advisors LLP

Years at current company: 3 years (via business restructures)

Education profile: Master of Science in Taxation, Bachelor of Science in Accounting

Most successful professional accomplishment before cannabis: Being a mom and that gift was from my daughters – Maya & Nayeli.  Raising my girls has taught me so much – patience, understanding, strife, humbleness, frustration, problem solving, fearlessness, adaptability, curiosity and how to dream big like a kid again!  

But professionally… I would say it was being part of an elite leadership team and building a tax dept as Corporate Tax Director for SHFL Entertainment Inc. I started as a Tax Manager and over the course of 4 years, I would work my way up to management level, develop and implement dept processes and procedures, participate in launching 4 different foreign offices and implement a new financial ERP system across 3 continents, with a team of 3 amazing team members that I hired and trained!

Company Mission: Our mission is to transform our expertise and understanding of the evolving cannabis industry into innovative, value-added solutions for our clients, our business partners, and our community.

Company’s most successful achievements: One of the things I’m most proud of is the team of talented professionals at Indiva, did I mention 75% of our employees are either women or minorities!? 

Our recent acquisition of Missouri Cannabis CPA, our continued growth and the success of our clients!

Has the company raised any capital (yes or no):  NO

Any plans on raising capital in the future?  Maybe

Most important company 5 year goal:  GROWTH

 


StaffStaffJune 28, 2019
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2min12500

This week Indiva Advisors LLP, a leading full-service CPA firm that provides high-quality accounting, tax and advisory financial services for cannabis and hemp businesses throughout the West Coast, announced expansion of service capabilities by acquiring Missouri Cannabis CPA, a Saint Joseph, MO-based practice; effective June 24.

“We are beyond excited for this merger,” said Indiva Advisors Managing Partner, Jessica Velazquez. “Expanding into this emerging market and joining forces with Tiffani Higgins opens up incredible opportunities for our firm and our clients. My passion from day one has been to reach businesses of all sizes across the US and this puts us closer to that goal.”

This is a strategic alliance that will drive growth for Indiva Advisors in the developing Midwest marijuana economy.

“I am so excited to partner with Indiva Advisors,” said Tiffani Higgins, CEO of Missouri Cannabis CPA. “We can help new Missouri businesses get started in the cannabis space and provide them with the top-tier support that larger companies already receive.”

Indiva Advisors is the leading CPA firm dedicated to the cannabis and hemp industries, with a team of experts bringing more than 40 years of experience. The company is operated by passionate and devoted CPAs and other financial professionals, all bringing a wide array of skills, specializations and knowledge. Indiva Advisors assists business owners and C-suite executives in achieving their goals by providing guidance on financial, transactional, and general business matters.

Higgins specializes in working with small business owners on tax, accounting, payroll and other financial areas.


AxisWireAxisWireJune 28, 2019
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2min9180

Las Vegas, NV & Saint Joseph, MO – June 26, 2019 /AxisWire/ Indiva Advisors LLP, a leading full-service CPA firm that provides high-quality accounting, tax and advisory financial services for cannabis and hemp businesses throughout the West Coast, has expanded its service capabilities by acquiring Missouri Cannabis CPA, a Saint Joseph, MO-based practice; effective June 24. This is a strategic alliance that will drive growth for Indiva Advisors in the developing Midwest marijuana economy.

“We are beyond excited for this merger,” said Indiva Advisors Managing Partner, Jessica Velazquez. “Expanding into this emerging market and joining forces with Tiffani Higgins opens up incredible opportunities for our firm and our clients. My passion from day one has been to reach businesses of all sizes across the US and this puts us closer to that goal.”

Indiva Advisors is the leading CPA firm dedicated to the cannabis and hemp industries, with a team of experts bringing more than 40 years of experience. The company is operated by passionate and devoted CPAs and other financial professionals, all bringing a wide array of skills, specializations and knowledge. Indiva Advisors assists business owners and C-suite executives in achieving their goals by providing guidance on financial, transactional, and general business matters.

“I am so excited to partner with Indiva Advisors,” said Tiffani Higgins, CEO of Missouri Cannabis CPA. “We can help new Missouri businesses get started in the cannabis space and provide them with the top-tier support that larger companies already receive.”

Higgins specializes in working with small business owners on tax, accounting, payroll and other financial areas.



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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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