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 10/21/2022
The Viridian Credit Tracker utilizes 11 different bespoke credit ratios to evaluate four aspects of credit quality: Liquidity, Leverage, Profitability, and Size. We are looking carefully at liquidity, given the challenging environment for capital raises. One striking observation is that over 25% of the 101 Cultivation & Retail sector companies in the Viridian database now have a debt/ market cap over 2x and total liabilities to a market cap of over 4x, which we consider indicative of financial stress. Most of these companies are small, with little access to the capital markets.
Week ended 10/21/2022
The Viridian Credit Tracker utilizes 11 different bespoke credit ratios to evaluate four aspects of credit quality: Liquidity, Leverage, Profitability, and Size. We are looking carefully at liquidity, given the challenging environment for capital raises. One striking observation is that over 25% of the 101 Cultivation & Retail sector companies in the Viridian database now have a debt/ market cap over 2x and total liabilities to a market cap of over 4x, which we consider indicative of financial stress. Most of these companies are small, with little access to the capital markets.
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