PKF O'Connor Davies Announces New Practice Area Specializing in the Cannabis Industry

Friday, May 3, 2019 General News
Email Print This Page Comment bookmark
Font : A-A+

Noam Hirschberger to Establish and Lead Strategic Expansion Initiative

NEW YORK, May 3, 2019 /PRNewswire-PRWeb/ -- PKF O'Connor Davies, LLP, one of the nation's largest accounting, tax and

advisory firms, announced today that Noam Hirschberger will serve as the leader of the Firm's new practice area focused on the rapidly expanding cannabis industry. This new practice area will specialize in providing valuation, audit and tax minimization strategies (in light of Section 280E and other standard tax issues) and services for companies in the cannabis industry.

"The cannabis industry is growing fast, and our Firm is well positioned to help companies in this space make smart business decisions as the sector expands," said Kevin J. Keane, Managing Partner. "Noam's expertise and experience will be critical as we formalize our approach to key services including valuation strategy and tax optimization."

The medical and recreational marijuana sectors are projected to nearly double between 2018 and 2023, according to the Cannabis Industry Annual report. This growth makes the industry an ideal target for PKF O'Connor Davies' ongoing strategic expansion initiative. With this rapid expansion of a highly regulated industry, insights and services around valuation and tax planning will be critical to companies' ongoing success.

"I'm thrilled to lead the expansion of this key practice area at PKF O'Connor Davies at a time when the industry is seeing so much excitement," said Noam Hirschberger, Director of Valuation Services. "The Firm has a knack for quickly building its offering to meet needs in emerging industries, and I'm excited to be a part of this new venture. I look forward to growing the practice in an evolving landscape."

Hirschberger is a Chartered Financial Analyst and Certified Valuation Analyst. He holds a Master of Business Administration from the University of Illinois at Urbana-Champaign. He has an extensive background serving the cannabis industry, with experience working with dispensaries, lifestyle branding companies, cultivators, and biotechnology companies.    Additionally, Hirschberger has served a wide range of industries including private equity groups, software, and various consumer good product companies. He has over a decade of experience developing financial models including discounted cash flow, comparable security and Black-Scholes analyses used for valuation of businesses, intangible assets and derivatives.

PKF O'Connor Davies has 11 offices in five states as it continues to expand through organic growth and acquisitions on the East Coast. It has supported this growth with a strategic combination of promoting from within coupled with tactical external hires.

About PKF O'Connor Davies, LLP

PKF O'Connor Davies, LLP is a full service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, 11 offices in New York, New Jersey, Connecticut, Maryland and Rhode Island and more than 800 professionals led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.

PKF O'Connor Davies is a top-ranked firm according to Accounting Today's 2018 "Top 100 Firms" list and the Firm is also recognized as a "Leader in Audit and Accounting," a "Pacesetter in Growth" and one of the "Top Firms in the Mid-Atlantic." In 2018, PKF O'Connor Davies was named one of Vault's Accounting 50, a ranking of the 50 best accounting employers to work for in North America and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 12th largest accounting firm in the New York Metropolitan area, according to Crain's New York Business, and the 10th top accounting firm in New Jersey according to NJBiz's 2018 rankings.

PKF O'Connor Davies is enrolled in the AICPA Peer Review Program and has central memberships in the Private Companies Practice Section (PCPS), the Employee Benefit Plan Audit Quality Center (EBPAQC) and the Government Audit Quality Center (GAQC).

By consistently delivering proactive, thorough and efficient service, PKF O'Connor Davies has built long-lasting, valuable relationships with its clients. Partners are closely involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm's seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.

PKF O'Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting, tax, and business advisory services in over 400 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O'Connor Davies is ready to help clients meet today's ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit


SOURCE PKF, O'Connor Davies, LLP

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store