Deloitte expands cannabis practice with Cannabis Compliance Inc. acquisition
Toronto, November 26, 2019 – Deloitte has acquired Mississauga-based Cannabis Compliance Inc. (CCI) to enhance its growing cannabis consulting practice. Specializing in licensing and compliance, CCI has become a trusted advisor to many Canadian cannabis business leaders. The newly established CCI Deloitte will offer substantial resources and deep knowledge across the entire cannabis consulting spectrum, providing end-to-end services to help our clients thrive.
“Canada has quickly become a global leader in the cannabis industry,” said Anthony Viel, CEO, Deloitte Canada. “As legislation evolves in other countries, it’s important for businesses to understand and prepare for unique risks and challenges. Businesses will need to continue innovating to secure a healthy, sustainable competitive position. By putting Canadian values at the forefront, we can shape the future of responsible and competitive cannabis business growth to help the industry mature in Canada and around the world.”
Deloitte welcomes CCI’s 75 employees to its headquarters in downtown Toronto. Brian Wagner, CCI’s founder and chair joins Deloitte as a senior advisor, while President and CEO Dale Hooper, Chief Financial Officer Sid Hathiramani and Vice President of Quality and Regulatory Karina Lahnakoski will become partners in Deloitte’s Risk Advisory practice.
“This is an exciting chapter for our business, our team, and the entire cannabis sector, as the power of CCI and Deloitte’s combined resources will offer leading client service and capability,” said Dale Hooper, President and CEO of CCI. “We’re looking forward to joining the Deloitte team and continuing to make a positive and lasting impact on the industry and those it serves.”
“The addition of CCI’s experienced team increases our capacity to deliver end-to-end consulting services to our cannabis clients in Canada and around the world,” said Poonam Singh, managing partner of Risk Advisory for Deloitte. “This acquisition brings incredible talent and resources to ensure we continue to provide clients with the ability to achieve their growth ambition in a responsible manner. As the cannabis ecosystem continues to develop, businesses will become more complex, particularly in the area of regulatory and compliance in cannabis. CCI’s knowledge will help clients untangle these challenges to allow their businesses to grow and thrive.”
Combining Deloitte and CCI’s knowledge and experience in this sector will provide clients the insights they need to compete in today’s market while establishing a progressive vision for an ever-changing future.
“The cannabis sector presents significant and exponential growth opportunities for our clients, nationally and globally,” said Jennifer Lee, managing partner of Growth Platforms, a practice area of Deloitte that helps clients focus on value creation in cannabis and the consumer and retail industry.
Learn more about CCI Deloitte at www.deloitte.ca/ccideloitte.
Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and service to address clients’ most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
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