Case Study – Solace Global – Brian Staffa

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Solace Global Project Scope

Role: Turnaround Specialist

Conditions:

Operation was bleeding money and desperate for a turnaround. Investors were adding $400k per month just to keep it operational
40,000 SF + greenhouse addition had stalled and was over budget
I was brought in to get the operation profitable as quickly as possible without adding cap ex

Project Goals

Re-develop the business model
Re-design Cultivation & Manufacturing operations to reflect and support business model
Restart construction & Reduce Budget for Greenhouse

Notable Achievements

Turned a $400k/month net loss into a $200k/month net profit in 8 months
Greenhouse project was restarted and restructured with a budget savings of 5.8MM (29%)

Timeline

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