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 06/09/2023
We note a critical liquidity problem in the hemp sector, whose 51 companies have a median free cash flow adjusted current ratio of only .36x and a first quartile value of (.21x), suggesting that the majority of companies in the sector are experiencing significant liquidity stress and will need to obtain near term financing to survive. The median market cap of these companies is only around $5M, so most of them are likely not to have many non-core assets to sell to aid liquidity.
Week ended 06/09/2023
We note a critical liquidity problem in the hemp sector, whose 51 companies have a median free cash flow adjusted current ratio of only .36x and a first quartile value of (.21x), suggesting that the majority of companies in the sector are experiencing significant liquidity stress and will need to obtain near term financing to survive. The median market cap of these companies is only around $5M, so most of them are likely not to have many non-core assets to sell to aid liquidity.
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