OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
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Credit Tracker By Industry Sector
Credit Tracker By Sector
Credit ratings are not currently available for public cannabis companies leaving companies, lenders and investors with a gap of information. The Viridian Cannabis Credit Tracker fills this gap. The model uses 11 market and financial statement variables to discern 4 key credit factors: Liquidity, Leverage, Profitability, and Size, to provide credit/liquidity analysis for over 370 public Cannabis/Hemp companies.
Week ended 09/30/2022
The Viridian Credit Tracker utilizes 11 different bespoke credit ratios to evaluate four aspects of credit quality: Liquidity, Leverage, Profitability, and Size. We are fond of market-based leverage indicators like debt/Market cap. The most significant jump in market leverage (as measured by total liabilities / Market cap) over the 3rd quarter occurred in the Agriculture Technology sector. The statistic increased from .39x to .68x. primarily due to the steeper-than-average declines in the stock prices of major key sector companies, including Scott’s Miracle Grow (SMG: Nasdaq), GrowGeneration (GRWG: Nasdaq), and Agrify (AGFY: Nasdaq).
Week ended 09/30/2022
The Viridian Credit Tracker utilizes 11 different bespoke credit ratios to evaluate four aspects of credit quality: Liquidity, Leverage, Profitability, and Size. We are fond of market-based leverage indicators like debt/Market cap. The most significant jump in market leverage (as measured by total liabilities / Market cap) over the 3rd quarter occurred in the Agriculture Technology sector. The statistic increased from .39x to .68x. primarily due to the steeper-than-average declines in the stock prices of major key sector companies, including Scott’s Miracle Grow (SMG: Nasdaq), GrowGeneration (GRWG: Nasdaq), and Agrify (AGFY: Nasdaq).
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