Viridian Data Analytics
The Market Intelligence on Cannabis/CBD/Psychedelic Capital Raise and M&A Transactions Used by Companies, Investors, Acquirers and Advisors to Make Informed Capital Allocation and M&A Decisions
Cannabis/CBD/Psychedelic Deals
Trailing Twelve Months
$3.05B
Equity Capital Raised
199
# Equity Transactions
$4.66B
Debt Capital Raised
129
# Debt Transactions
$9.35B
M&A Transaction Value
239
# M&A Transactions
Testimonials
“Viridian has collected and aggregated the world’s largest database of cannabis deals.” – Benzinga
“The Viridian team was by our side throughout the capital raise process and helped us source and negotiate the optimal debt financing. The market intelligence they gave us using information from the Viridian Cannabis Deal Tracker was instrumental in negotiating the best transaction.” – Ryan Jenneman, THC Design CEO
“We especially want to thank the team at Viridian Capital for their sage counsel on valuation and deal structures throughout the M&A process that helped guide us to a successful close.” — Jordan Weiss, CEO, Green Coast Hydroponics
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/CBD/Psychedelics industries. Each week the Deal Tracker provides proprietary data and market intelligence on transactions, including:
- Deals by Industry Sector (to track the flow of capital and M&A deals by one of 12 Sectors - from cultivation to brands to software)
- Deal Structure (equity/debt for capital raises, cash/stock/earnout for M&A)
- Principals to the Transaction (issuer/investor/lender/acquirer)
- Key Deal Terms (deal size, valuation, pricing, warrants, cost of capital)
- Deals by Location of Issuer/Buyer/Seller (to track the flow of capital and M&A deals by state and country)
- Credit Analysis (leverage and liquidity ratios)
DETAILED DESCRIPTION OF DATA SERVICES
Equity Deals
Provides weekly data and insight into Cannabis/CBD/Psychedelic industries equity issuances
Debt Deals
Provides weekly data and insight into Cannabis/CBD/Psychedelic industries debt issuances
M&A Deals
Provides weekly data and insight into Cannabis/CBD/Psychedelic industries M&A deals.
Valuation Tracker
Provides valuation analysis for over 370 public Cannabis/CBD/Psychedelic companies.
Credit Tracker
Provides credit/liquidity analysis and rankings for over 370 public cannabis/CBD companies
Industry Sector Tracker
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
Regional Tracker
Analyzes deals by location of issuer/seller in order to track the flow of capital and M&A deals by state and country
PUBLIC COMPANY Reports
Equity research analysis on public companies conducted by Jon DeCourcey, Viridian’s leading equity research analyst
Chart of the Week
Provides insight on the most influential trends from the past week in the Cannabis/CBD/Psychedelic industries
YTD Charts for Capital Raises
Consists of an overview of capital raise activity in the Cannabis/CBD/Psychedelic industries from the current year
YTD Charts
for M&A
Consists of an overview of the M&A activity in the Cannabis/CBD/Psychedelic industries from the current year
Viridian Capital Advisors Offers unique propriety data services including:
- Equity Deals
- Debt Deals
- M&A Deals
- Valuation Tracker
- Credit Tracker
- Sector Tracker
- Regional Tracker
- Special Reports
- Chart of the Week
- YTD Charts for Capital Raises
- YTD Charts for M&A
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.
Credit Tracker
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 ended 7/29/22
Viridian Insights of the week
- SAFE Banking Act: Equity prices drifted 7.5% lower this week as the buzz from SAFE Act discussions wear off and the market is realizing that we probably won’t know what happens on that front until late December.
- Uptick in M&A Transactions?: We believe we are likely to see one or more significant size M&A deals before year end, as companies pretty themselves up for entrance of institutional investors post SAFE act passage.
- Q2 Earnings Reports: Attention is focused on 2nd quarter earnings, which will be announced by most of the major competitors this week and next. GTI (GTII: CSE) was first out of the gate with a solid beat on both top and bottom lines. Traders took profits on the news and the stock was down 4.1% in day after trading.
- Valuation Gap Analysis: The valuation gap between large and small cannabis companies narrowed again points, which is typical for a down market. Still the indicator is over 3.5 points making acquisitions mildly accretive.
- Highlights from the Chart of the Week: This week’s Viridian Capital Chart of the Week focused on the widely varying composition of cannabis liabilities and discussed our favorite leverage indicator, Total Liabilities to market cap.
Equity Deals For this week
This week there was 4 equity transactions, totaling to $52.8M. This was highlighted by 22nd Century Groups $35M direct offering of units.
Debt Deals For this week
This week there were 3 debt transactions, totaling to $4.13M. This was highlighted by Australis Capital entering a $2.5M credit facility with Lola Ventures.
M&A Deals for this Week
This week there were 4 M&A transactions, totaling $16.14M. This was led by Hawthorne Canada Limited closing its purchase of the Kelowna Research Station R&D facility from Flower Corp.
Viridian Valuation Tracker
The Viridian Cannabis Valuation Tracker focused on the 5 U.S. MSOs with market caps over $1B to evaluate the relative damage to Verano after they misstated their quarterly and annual financials.
Viridian Credit Tracker
The Viridian Credit Tracker focused on the 24 Canadian Cultivation and Retail companies with market caps between $5M and $50M to evaluate the Flowr Company’s credit quality.
Viridian Industry Sector Tracker
This week’s Viridian Industry Sector Tracker highlights Cultivation & Retail, which has seen the median EV/EBITDA decrease from 5.69x to 5.58x this week.
Viridian Regional Deal Tracker
This week’s Viridian Regional Deal Tracker shows that California, New York, and Florida are the top three states in capital raised over the LTM period. California is currently up 55% from last year.
Public Company
Reports
Viridian’s Director of Equity Research, Jon DeCourcey, has recently put out a note focused on the federal legalization of cannabis and the current state of Congress.
Chart of the Week
Viridian’s Chart of the Week examines how the market should look at cannabis leverage by examining the Cultivation and Retail sector as it correlates with liabilities/market cap and taxes/total liabilities.
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.
