OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
Home » Week of 9/18/23-9/22/23
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.
The Psychedelics sector continues to be critically liquidity starved, with the median free cash flow adjusted current ratio of -.56x, indicating that more than one-half of the companies do not have sufficient liquidity to fund short-term liabilities over the next twelve months.
The Psychedelics sector continues to be critically liquidity starved, with the median free cash flow adjusted current ratio of -.56x, indicating that more than one-half of the companies do not have sufficient liquidity to fund short-term liabilities over the next twelve months.