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 03/24/2023
The Viridian Credit Tracker utilizes 11 different bespoke credit ratios to evaluate four aspects of credit quality: Liquidity, Leverage, Profitability, and Size. We are looking at the extreme quartiles of our ratios to identify credit stresses. Interestingly, the credit stats of the Real Estate group do not seem to have deteriorated. Total liabilities/ assets remains unchanged from last year at .3x and the sectors profitability as measured by funds from operation to total assets has actually improved from 4% to 5%. Still, we are watching for signs of portfolio deterioration at these companies as anecdotally, cannabis companies struggle to preserve liquidity.
Week ended 03/24/2023
The Viridian Credit Tracker utilizes 11 different bespoke credit ratios to evaluate four aspects of credit quality: Liquidity, Leverage, Profitability, and Size. We are looking at the extreme quartiles of our ratios to identify credit stresses. Interestingly, the credit stats of the Real Estate group do not seem to have deteriorated. Total liabilities/ assets remains unchanged from last year at .3x and the sectors profitability as measured by funds from operation to total assets has actually improved from 4% to 5%. Still, we are watching for signs of portfolio deterioration at these companies as anecdotally, cannabis companies struggle to preserve liquidity.
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