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Moreover, many companies lacked the resources to engage teams of knowledgeable financial advisors, forcing them to navigate the regulatory labyrinths on their own. Facing punitive tax codes and likely IRS audits, many cannabis companies were being set up for failure.
For these reasons, I helped lead a core team of distinguished financial professionals in creating Northstar. Our goal: to guide cannabis companies toward success by providing best-in-class financial, accounting, and tax services at a more affordable cost.
Nearly 10 years after we first opened our doors, we reflect with pride and satisfaction at what we’ve accomplished for our clients and the industry. We look forward to achieving even more during the next 10 years.
Over the past 10 years, Lorenzo has shepherded more than 250 cannabis clients from launch to scale to success. Prior to founding Northstar, Lorenzo was an integral member of T3, a technology transfer company behind some of the world’s most innovative companies. Later, Lorenzo joined the financial team of International Rectifier (NYSE: IRF), where he assisted the company through a $3 billion sale to Infineon before joining Entertainment One (LSE: ETO), where he helped engineer the company’s $4 billion sale to Hasbro. Lorenzo holds a B.A. from Yeshiva University and an MBA in Finance from the Technion Institute of Technology.