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Ellipsis

Ellipsis means there is more to come. Based in Los Angeles, Ellipsis was founded by two people with a passion for finance and cannabis. With decades of financial experience and a decade of combined manufacturing experience, we are the only investment bankers who have won a High Times Cannabis Cup. We understand what it takes to build successful brands and the capital cadence behind it. We provide financial models and strategic insights for leading cannabis companies and investors. 

Services provided

financial models

Valuations, returns analysis, pro forma projections, KPIs.

Strategic insights

Due diligence reports, business plans, pitch decks, executive summaries, research analysis.


Team

Kim Geraghty - Partner   Kim is a French American entrepreneur currently residing in Los Angeles. Prior to her work at Ellipsis Venture, Kim founded and led Madame Munchie, California’s award-winning luxury edibles brand. She has been recognized as a successful cannabis CEO and industry leader, speaking at conferences, conducting media interviews, and providing consulting services for leading cannabis firms. She obtained one of the first cultivation permits in Mendocino County.  Before entering the cannabis industry, Kim worked for leading financial institutions worldwide. In Paris, she worked in audit at KPMG on UCITS funds and in asset management at Lazard on the S&P 500 fund. In New York, Kim was an investment banker at Credit Suisse covering M&A, LBOs and IPOs for large tech clients. In San Francisco, she worked in venture capital at Next World Capital, specializing in consumer and enterprise technology startups.  Kim holds a Master’s degree in Finance and Strategy from l’Institut d’Etudes Politiques (IEP, Paris) and is fluent in English, French and Spanish. She has lived in the U.S., France, and Costa Rica. She loves to bake, nurture entrepreneurial success, create Excel models and macros, and travel.

Kim Geraghty - Partner

Kim is a French American entrepreneur currently residing in Los Angeles. Prior to her work at Ellipsis Venture, Kim founded and led Madame Munchie, California’s award-winning luxury edibles brand. She has been recognized as a successful cannabis CEO and industry leader, speaking at conferences, conducting media interviews, and providing consulting services for leading cannabis firms. She obtained one of the first cultivation permits in Mendocino County.

Before entering the cannabis industry, Kim worked for leading financial institutions worldwide. In Paris, she worked in audit at KPMG on UCITS funds and in asset management at Lazard on the S&P 500 fund. In New York, Kim was an investment banker at Credit Suisse covering M&A, LBOs and IPOs for large tech clients. In San Francisco, she worked in venture capital at Next World Capital, specializing in consumer and enterprise technology startups.

Kim holds a Master’s degree in Finance and Strategy from l’Institut d’Etudes Politiques (IEP, Paris) and is fluent in English, French and Spanish. She has lived in the U.S., France, and Costa Rica. She loves to bake, nurture entrepreneurial success, create Excel models and macros, and travel.

Steven Ernest - Partner   In addition to his role at Ellipsis, Steve is an investor member of The  Arcview Group  and a mentor to  Canopy  Companies. Steve has been an angel investor since 2015, and supports NCIA, MPP and SSDP. Prior to joining the cannabis industry, Steve spent nearly a decade in the financial capital markets across sales, investment banking, business development, valuation, trading, client relationship management, wealth advisory and investment planning, managing over 600 million dollars.  Steve’s past experience includes: Financial Advisor, J.P. Morgan Securities, Underwriter, State Farm Insurance and Financial Representative, Northwestern Mutual. Steve earned B.A.s in Finance and Risk Management with a Minor in Economics from Illinois State University and currently holds Series 7, Series 66 and Series 79 licenses.

Steven Ernest - Partner

In addition to his role at Ellipsis, Steve is an investor member of The Arcview Group and a mentor to Canopy Companies. Steve has been an angel investor since 2015, and supports NCIA, MPP and SSDP. Prior to joining the cannabis industry, Steve spent nearly a decade in the financial capital markets across sales, investment banking, business development, valuation, trading, client relationship management, wealth advisory and investment planning, managing over 600 million dollars.

Steve’s past experience includes: Financial Advisor, J.P. Morgan Securities, Underwriter, State Farm Insurance and Financial Representative, Northwestern Mutual. Steve earned B.A.s in Finance and Risk Management with a Minor in Economics from Illinois State University and currently holds Series 7, Series 66 and Series 79 licenses.

Lauren Estevez - Legal advisor   Lauren Estevez is a Los Angeles-based attorney advising licensed cannabis industry operators, brands and ancillary businesses on strategy, investment sourcing, and regulatory compliance. Lauren has been practicing in the cannabis space since shortly after Proposition 64 was passed in California, and has completed over 100 cannabis projects with U.S. and international clients. In addition to cannabis, Lauren also advises clients on CBD and The Farm Bill. Her work has been featured on CNBC, Cheddar, and in Law360 and she is a regular contributor to cannabis industry conferences.  Prior to her career in cannabis, Lauren graduated from Harvard Law School and worked at an AmLaw100 global law firm in London & New York in the Capital Markets and Banking groups, and at a start up, where she managed a multi-million dollar book of business and her clients included emerging and Fortune 500 life sciences and technology companies.  Disclaimer: Ellipsis Venture (“EV”) offers business and strategy consulting services. EV does not purport to be and is not engaged in the practice of law. Any legal services provided are through an independent legal entity, LME Law PC.

Lauren Estevez - Legal advisor

Lauren Estevez is a Los Angeles-based attorney advising licensed cannabis industry operators, brands and ancillary businesses on strategy, investment sourcing, and regulatory compliance. Lauren has been practicing in the cannabis space since shortly after Proposition 64 was passed in California, and has completed over 100 cannabis projects with U.S. and international clients. In addition to cannabis, Lauren also advises clients on CBD and The Farm Bill. Her work has been featured on CNBC, Cheddar, and in Law360 and she is a regular contributor to cannabis industry conferences.

Prior to her career in cannabis, Lauren graduated from Harvard Law School and worked at an AmLaw100 global law firm in London & New York in the Capital Markets and Banking groups, and at a start up, where she managed a multi-million dollar book of business and her clients included emerging and Fortune 500 life sciences and technology companies.

Disclaimer: Ellipsis Venture (“EV”) offers business and strategy consulting services. EV does not purport to be and is not engaged in the practice of law. Any legal services provided are through an independent legal entity, LME Law PC.


➤ LOCATION

Los Angeles, CA

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Entrepreneurial experience

Madame Munchie's award-winning French macarons

Madame Munchie's award-winning French macarons

Built Madame Munchie from the ground up, California's award-winning edible brand - www.madamemunchie.com

Founded ACE, the Association for Cannabis Edibles, bringing edible manufacturers together in an effort to provide greater transparency - www.associationcannabisedibles.com


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As pioneers, we invest in the future.
— Kim Geraghty
 

 
 

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