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 06/24/2022

Transactional Activity:

  • There were two more transactions and a $35.0 million higher volume than last week. One more transaction closed than the previous year, but volume fell by $57.2 million. The average deal size was $8.7 million this week vs. $25.1  million in the same week last year.

Cannabis capital raises are off 64.1% YTD:

  • Equity issuance is off 76.1% y/o/y overall, with a more significant 81.6% decline in Canadian equity financing. Debt, at 53.9% 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 73.3% of total financing YTD, down from 84.5% in 2021.

Market Commentary and Outlook

This Week Sector Focus

Capital Raises vs Stock Prices

  • There were five capital raises totaling $43.4M this week, 41% below the LTM average.   

Best and Worst Stock Performers