MGO And ELLO Announce Professional Services Cannabis Alliance In Response To Rapid Growth In U.S. And Canadian Capital Markets
Alliance to Offer New Collaborative Big-4 Quality Accounting Service Offerings Across their Cannabis Practice
LOS ANGELES–OCTOBER 31, 2018/AxisWire/ MGO LLP, one of the fastest growing CPA and Financial Advisory Services firm in the nation, and partner firm ELLO LLC, a leader in the cannabis financial, tax and broader advisory services space, announced their official alliance entailing an exclusive collaborative professional services offering across their rapidly growing cannabis practices in the U.S. and Canada.
“As the cannabis industry continues to experience massive growth, inevitable financial and operational challenges will develop and the MGO-ELLO alliance is uniquely positioned to provide the highest quality consulting and professional services needed. The cannabis industry has long lacked access to world-class accounting, tax, audit and advisory services – that changes as of today,” said Evan Eneman, ELLO CEO. “In an effort to help clients better prepare for and meet forthcoming business obstacles, we’ve created a collaborative service offering through the MGO and ELLO alliance that will instill transparency, responsibility and legitimacy with operational best practices that will serve as an integral resource for our clients.”
The alliance of MGO and ELLO grants clients access to a more robust advisory team empowering them to better navigate the complex dynamics in current emerging cannabis markets. This full suite of financial services includes mergers and acquisitions support, capital raising activities, due diligence, regulatory compliance, finance effectiveness, performance reviews, operations improvements, strategy consulting, as well as tax services, outsourcing services and more. To support the continued growth of the industry, the alliance has also solidified a deeper strategic partnership with leading Canadian chartered accountancy and business advisory firm MNP LLP.
“MGO-ELLO now provides advisory services for a large and increasing number of capital market activities, such as Canadian IPOs, RTOs and M&A transactions. As the industry as a whole begins to flourish, we are starting to witness an influx of cannabis companies seeking capital to achieve their business goals. In anticipation of this increased capital demand, our cannabis practice is poised to become the go-to partner for cannabis companies to best leverage these complex transactions,” said Scott Hammon, Assurance Partner and Cannabis Practice COO. “Our alliance with MNP allows us to provide advanced advisory services that will further enhance our ability to help our cannabis clients maintain legitimacy and profitability in today’s emerging landscape.”
To meet with the MGO | ELLO team and inquire about their services to the industry, please visit the team in Las Vegas at the Marijuana Business Conference from November 14-16 at booth #1827, “Going Public in Canada, Eh!”. In addition to the MGO | ELLO alliance and MNP LLP, booth partners include Aird & Berlis, Haywood Securities and the Canadian Securities Exchange.
One of the fastest growing professional services firms in the US, MGO combines deep industry expertise with proven accounting and advisory solutions to deliver tangible results. MGO is ranked as one of the top CPA firms in the nation, with clients ranging from global aerospace and technology leaders to innovative start-ups and not-for-profit organizations – from the largest government entities in the country to the biggest names in entertainment. For more information, please visit www.mgocpa.com.
ELLO is the leading professional services firm within the cannabis industry. Our mission is to help shape the business environment and regulatory landscape for the cannabis industry and develop and implement best practices for cannabis operators. We have worked with over 400 businesses to help them solve complex problems across a range of areas including regulatory compliance, capital markets advisory, tax services, operational improvements as well as staffing needs. Our team’s unique and innovative approach helps ensure our clients are able to grow and scale their businesses in an industry that is constantly changing. ELLO is an MGO member firm. For more information, please visit elloinsights.com.
Cynthia Salarizadeh / Christina Panta
KCSA Strategic Communications
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