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 11/03/2023
Credit quality in the Cultivation and Retail sector improved slightly, reflecting the rally in MSO stocks. Total liabilities to market cap at 2.5x is lower than last week’s 2.75x reading. This shows the advantage of using a market-based leverage indicator. Median total debt/2024 EBITDA has not changed from last week at 2.96x, but market leverage is better. The equity market says that the market value of cultivation assets relative to their liabilities has improved, even though 3rd quarter earnings had just started to roll in as of the 11/3/23 date of the credit sector report.
Week ended 11/03/2023
Credit quality in the Cultivation and Retail sector improved slightly, reflecting the rally in MSO stocks. Total liabilities to market cap at 2.5x is lower than last week’s 2.75x reading. This shows the advantage of using a market-based leverage indicator. Median total debt/2024 EBITDA has not changed from last week at 2.96x, but market leverage is better. The equity market says that the market value of cultivation assets relative to their liabilities has improved, even though 3rd quarter earnings had just started to roll in as of the 11/3/23 date of the credit sector report.
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
