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 07/08/2022

Transactional Activity

  • There was the same number of transactions but a  $14.1 million higher volume than last week. Four more transactions closed than the previous year, and volume rose by $38.3 million. The average deal size was $7.3 million this week vs. $4.4  million in the same week last year.

Cannabis capital raises are off 63.5% YTD:

  • Equity issuance is off 75.9% y/o/y overall, with a more significant 81.5% decline in Canadian equity financing. Debt, at 55.7% 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-six weeks of 2022, with 77.9% of all capital raised. Public companies accounted for 73.5% of total financing YTD, down from 83.7% in 2021.

Market Commentary and Outlook

This Week Sector Focus

Capital Raises vs Stock Prices

  • Seven capital raises totaling $51.4M closed this week, well below the $149M LTM average.

Best and Worst Stock Performers