OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
Quick
Links
More Charts
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 10/24/2025
Weekly Sector Credit – Biotech/Pharma Sector
- The Chart below shows the credit metrics for the Biotech/Pharma sector
- Several key aspects jump out:
- Liquidity is generally poor for more than ½ of the 39 companies in the sector. The median free cash flow-adjusted current ratio of -.03x indicates that more than half of the sector participants. will require additional funding or asset sales to cover their current liabilities.
- The Median Funds from Operations to Total Liabilities of -.42X shows that more than half of the participants have negative cash flow.
- Companies in the sector tend to be rather small, with median total assets of $8M and market caps of $16M.
- The good news is that the median total liabilities-to-market cap is only 0.43x, showing solid asset value coverage of debt.
- All of the above factors argue in favor of convertible preferred or even convertible debt financing.
Week ended 10/24/2025
Weekly Sector Credit – Biotech/Pharma Sector
- The Chart below shows the credit metrics for the Biotech/Pharma sector
- Several key aspects jump out:
- Liquidity is generally poor for more than ½ of the 39 companies in the sector. The median free cash flow-adjusted current ratio of -.03x indicates that more than half of the sector participants. will require additional funding or asset sales to cover their current liabilities.
- The Median Funds from Operations to Total Liabilities of -.42X shows that more than half of the participants have negative cash flow.
- Companies in the sector tend to be rather small, with median total assets of $8M and market caps of $16M.
- The good news is that the median total liabilities-to-market cap is only 0.43x, showing solid asset value coverage of debt.
- All of the above factors argue in favor of convertible preferred or even convertible debt financing.
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.