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.
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/CBD/Psychedelics industries. 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/CBD/Psychedelic industries equity issuances
Provides weekly data and insight into Cannabis/CBD/Psychedelic industries debt issuances
Provides weekly data and insight into Cannabis/CBD/Psychedelic industries M&A deals.
Provides valuation analysis for over 370 public Cannabis/CBD/Psychedelic companies.
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.
Analyzes deals by location of issuer/seller in order to track the flow of capital and M&A deals by state and country.
Chart of the Week
Provides insight on the most influential trends from the past week in the Cannabis/CBD/Psychedelic industries.
LATin america deal tracker
The Latin America Deal Tracker is a monthly report that includes all equity, debt, and M&A transactions that occurred in the region.
The European America Deal Tracker is a monthly report that includes all equity, debt, and M&A transactions that occurred in the region.
YTD Charts for Capital Raises
Consists of an overview of capital raise activity in the Cannabis/CBD/Psychedelic industries from the current year.
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:
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.
When it comes to credit ratings for Cannabis/CBD/Psychedelic companies, many investors, acquirers, and lenders have been left in the dark with a lack of information. With Viridian’s data and market intelligence, that is no longer the case. The Viridian Cannabis Credit Tracker is the first of its kind, providing users with a proprietary credit ranking system for companies based on a company’s liquidity, leverage, profitability, and size.
Viridian Cannabis Deal tracker for the week ended 1/20/23
Viridian Insights of the week
- Cannabis stocks are back to trading near all-time lows, and the cannabis capital markets are off to the slowest start since we have been tracking the industry. Given the current macroeconomic and industry-specific headwinds, we see no near-term catalyst for improvement.
- The SAFE Act is back in the Twitterverse, but we are skeptical that federal progress will be forthcoming. The one thing we learned from the failure of the SAFE act is that no legislator fears losing their seat because of inaction on cannabis. Cannabis legalization has widespread support, but it does not drive votes. We hope to be wrong on the upside this time, but we believe the appropriate investment stance is to not count on any catalysts from regulatory reform. Look for companies that can survive in the current environment.
- Restructuring activity is increasing. The announcement by IIPR regarding portfolio defaults, which we discussed in detail in our Friday Tracker wrap-up, suggests that restructuring activity will reach record levels in the U.S. and Canadian cannabis industries in 2023.
- The Treasury yield curve is now more inverted than ever since 1985. This indicator has successfully predicted the last five recessions, and we don’t think this time will be different. The big question is how will stressed cannabis customers react. The popular belief that cannabis is recession-proof is only valid to a point. The real question is, to what degree do they trade down to lower price points and less premium products?
Equity Deals For this week
This week there were two equity transactions, totaling to $8.33M. This was highlighted by PSYLO PTY (Private) closing a Seed Funding round for $5M.
Debt Deals For this week
This week there was one debt transaction, totaling $375.00M. This was highlighted by Verano Holdings (VRNO: CSE), the fourth largest U.S. MSO by market cap, completed a $350M refinancing of its existing credit line.
M&A Deals for this Week
This week there were three transactions, totaling $27.36M This was highlighted by High Tide Inc. (HITI: Nasdaq) confirmed that it had closed its previously announced acquisition of Jimmy’s Cannabis Shop BC. The purchase includes two retail locations in Prince George and Cranbrook, BC.
Viridian Valuation Tracker
This week’s valuation tracker focuses on the twenty-seven U.S. Cultivation & Retail companies in the Viridian Value Tracker database with market caps under $100M.
Viridian Credit Tracker
This week’s credit tracker focuses on the sixteen U.S. Cultivation & Retail sector companies in the Viridian Value Tracker database with market caps over $100M.
Viridian Sector Deal Tracker
This week’s Viridian Industry Sector Tracker highlights Psychedelics, an industry that has recently seen a rise in the total number of capital raises YTD.
Viridian Regional Deal Tracker
Illinois increased its hold as the third largest state for capital raises through the Verano $350M refinancing debt deal which is the largest debt YTD.
Latin america deal tracker
The Latin America Deal Tracker is a monthly report that includes all equity, debt, and M&A transactions that occurred in the region. The LATAM deal tracker also gives a transactions review and year over year trends.
European Deal Tracker
The Europe America Deal Tracker is a monthly report that includes all equity, debt, and M&A transactions that occurred in the region. The European Deal Tracker also gives a transactions review and year over year trends.
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.
Chart of the Week
The Viridian Capital Chart of the Week highlights key investment, valuation and M&A trends taken from that week’s Deal Tracker that we believe are impactful for investors, companies and acquirers.