Viridian Data Analytics
The Market Intelligence on Cannabis Capital Raise and M&A Transactions Used by Companies, Investors, Acquirers and Advisors to Make Informed Capital Allocation and M&A Decisions
Trailing Twelve Months
Equity Capital Raised
# Equity Transactions
Debt Capital Raised
# Debt Transactions
M&A Transaction Value
# M&A Transactions
Viridian Cannabis Deal Tracker
Launched in January 2015, and having analyzed more than $60B in deals, the Viridian Cannabis Deal Tracker is a proprietary data service that monitors and analyzes capital raise and M&A activity in the legal cannabis industry. Each week the Deal Tracker provides proprietary data and market intelligence on transactions, including:
DETAILED DESCRIPTION OF DATA SERVICES
Provides weekly data and insight into cannabis industry equity issuances
Provides weekly data and insight into cannabis industry debt issuance
Provides weekly data and insight into cannabis industry M&A deals
Provides deep valuation metrics and rankings for over 350 public cannabis/CBD companies
Provides credit/liquidity analysis and rankings for over 350 public cannabis/CBD companies
Analyzes transactions by industry sector in order to track the flow of capital and M&A across 12 industry sectors – from cultivation to brands to software
Analyzes deals by location of issuer/buyer/seller in order to track the flow of capital and M&A deals by state and country
Update reports (quarterly, annually), topical reports, customized research for companies, acquirers, and investors
Chart of the Week
Provides insight on the most influential trends from the past week in the cannabis industry
YTD Charts for Capital Raises
Consists of an overview of the capital raise activity in the cannabis industry from the current year
Consists of an overview of the M&A activity in the cannabis industry from the current year
Viridian Capital Advisors Offers unique propriety data services including:
Examples of our data, analytics, and market intelligence
Equity Deal Tracker
The Equity Deal Tracker includes a weekly analysis of equity issuance. Data includes issuer specific information, deal size, pricing, share information, deal implied valuation information, and warrant information.
M&A Deal Tracker
The M&A Deal Tracker includes a weekly analysis of mergers & acquisitions in the cannabis industry. Weekly data on deals includes the acquiror and target information, deal size, type of deal, structure, and valuation information.
The Viridian Cannabis Credit Tracker is the first of its kind in the cannabis industry. The Credit Tracker includes a proprietary credit ranking system for cannabis companies based on a company’s liquidity, leverage, profitability, and size.
Viridian Cannabis Deal tracker for the week of 4/25 - 4/29
Viridian Insights of the week
- The MSOS ETF had its 3rd worst week since its debut in September 2020, hitting all time lows as hopes for 2022 legalization fade away.
- The M&A market continues to be quite strong, especially in comparison with cannabis capital raises which are now off 66% YTD
- The Tier One MSOs were one of the worst performing sectors of the week and the 2nd worst performing sector YTD. Our graph detailing the performance of 11 different sectors is featured in this week’s tracker
- We continue to expect more significant consolidation in the U.S. Cultivation & Retail sector. Second tier operators such as Jushi (CSE: JUSH), Planet 13 (CSE: PLTH), AYR (CSE: AYR-A), and 4Front (CSE: FFNT) may feel additional pressure to scale up through merger of equals or alignment with a larger MSO. Our analysis of the debt deal by Cansortium leads us to believe its investor is banking on some type of dramatic improvement in the stock.
- We analyzed the Beta of the MSOS ETF and found that its performance is closely (61%) correlated with price movement in the S&P 500, contrary to the believe of many market participants. The beta of the ETF is calculated at approximately 1.91
Equity Deals For this week
This week there was 3 equity transactions, totaling to $22.98M. Highlighted by Akanda Corp. equity issuance of $16M.
Debt Deals For this week
This week there were 2 debt transactions, totaling to $91.2M. Highlighted by Royal Agrify Corporation’s debt issuance of $65.0M.
M&A Deals for this Week
This week there were 3 mergers & acquisitions, totaling to $892 M. Highlighted by acquiror Demand Brands deal with CF3 SPV valued at $550M.
Viridian Valuation Tracker
The Viridian Cannabis Valuation Tracker includes current and forward valuation multiples for companies being highlighted for the week.
Viridian Credit Tracker
The Viridian Credit Tracker is the first of its kind in the cannabis industry. Each week’s tracker ranks a highlighted subset of companies according to a proprietary credit model that utilizes eleven custom financial and market variables to evaluate credit quality.
Viridian Sector Tracker
This week’s Viridian Sector Tracker includes the number of capital raises, total capital raised, number of M&A deals, and total M&A consideration for each of Viridian’s 13 proprietary sector allocations.
Viridian Regional Deal Tracker
This week’s Viridian Regional Deal Tracker allocates each cannabis transaction by the region they occurred (US or International) in order to track the flow of capital and M&A around the industry.
The most recent analysis from Viridian’s team of analysts provides insight and data into the past year’s cannabis industry trends.
Chart of the Week
Viridian’s Chart of the Week presents actionable market intelligence for investors, cannabis companies, and acquirers
YTD Charts for Capital Raises
The YTD charts provide data and insights into the public vs. private capital raises for the current year, total number and dollar amount of capital raises each week, and capital raises by sector.
YTD Charts for M&A
The YTD charts provide data and insights into the public vs. private mergers & acquisitions for the current year, total number and transaction value of M&A deals by week, and M&A deals by sector.