OUR 8TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / CBD / PSYCHEDELIC SECTORS

Capital Raises

Past Charts

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

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YTD Analysis

Week ended 06/17/2022

Transactional Activity

  • There were five fewer transactions and a $26.8 million lower volume than last week. Two fewer transactions closed than the previous year, and volume fell by $113.2 million. The average deal size was $2.8 million this week vs. $24.3 million in the same week last year.

Cannabis capital raises are off 64.3% YTD:

  • Equity issuance is off 76.1% y/o/y overall, with a more significant 82% decline in Canadian equity financing. Debt, at 53.2% of total capital raised, is at its highest in history for comparable periods. The graph below shows that U.S. activity dominated capital raises for the first twenty-two weeks of 2022. Public companies accounted for 72.9% of total financing YTD, down from 85.3% in 2021.

Market Commentary and Outlook

This Week Sector Focus

Capital Raises vs Stock Prices

  • There were three capital raises totaling $8.4M this week, the fourth-lowest since the beginning of 2021. Two debt issues accounted for about 82% of the total.

Best and Worst Stock Performers