OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
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Credit Tracker By Industry Sector
Credit Tracker By Sector
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.
Week ended 01/31/2025
Weekly Sector Credit – Cultivation & Retail
- Hopefully, the 1/31/25 sector credit report will mark the bottom of the metrics for cultivation and retail. Total liabilities to market cap worsened to 1.84x from 1.58x last week. Similarly, 2025 EBITDAR/ net adj debt declined from .34x to .30x.
- On the positive side, stock values had a strong bounce on Wednesday in response to Kennedy making it through the committee and some softening of the stance of interim DEA director Maltz, who said he “would follow the science.”
- Will the rally hold? Frankly, it will take more decisive action higher up the food chain to convince us. Senior administration officials seem unwilling even to pronounce the word cannabis, let alone take stronger action. We still think positive things are ahead, but as we have said here many times, it is going to take exceptional patience.
Week ended 01/31/2025
Weekly Sector Credit – Cultivation & Retail
- Hopefully, the 1/31/25 sector credit report will mark the bottom of the metrics for cultivation and retail. Total liabilities to market cap worsened to 1.84x from 1.58x last week. Similarly, 2025 EBITDAR/ net adj debt declined from .34x to .30x.
- On the positive side, stock values had a strong bounce on Wednesday in response to Kennedy making it through the committee and some softening of the stance of interim DEA director Maltz, who said he “would follow the science.”
- Will the rally hold? Frankly, it will take more decisive action higher up the food chain to convince us. Senior administration officials seem unwilling even to pronounce the word cannabis, let alone take stronger action. We still think positive things are ahead, but as we have said here many times, it is going to take exceptional patience.
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