OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / CBD / PSYCHEDELIC SECTORS
Capital Raises
Capital Raises Summary
Each week, Viridian publishes insights and analysis on completed capital raise transactions in the prior week, focusing on all equity and debt deals. Our analysis includes:
- YTD Analysis
- Sector Focus
- Capital Raises vs Equity Prices
- Outlook
- Sector and Company Performance
- Capital Raises by Sector
Quick Links
YTD Analysis
Cannabis capital raises are off 64.7% YTD:
- Total Equity issuance is off 75.6%, and total debt issuance is down 47.8%.
- U.S. debt is down only 39.3%, while Canadian debt is down a more significant 75.6%.
- At 58.2% of total capital raised, debt remains the highest in history for comparable periods.
- Public companies accounted for 74.5% of total financing YTD, down from 79.6% in 2021.
- The graph below shows that U.S. activity dominated capital raises for the first forty-nine weeks of 2022, with 74.0% of all capital raised.
- International capital raises of $319.8M represented 7.7% of total capital raises, exceeding the previous record of 6.3% in 2019.
Market Commentary and Outlook
This Week Sector Focus
Capital Raises vs Stock Prices
