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 10/13/2023
Credit quality in the Software/Media sector is better than a month ago. Liquidity is still critically low with a free cash flow adjusted current ratio of -0.04x, up from -0.2x last month. Market leverage has improved, with median total liabilities/market cap now at .26x vs. .6x a month ago. Still, maintaining liquidity is a critical challenge for companies in the sector, particularly given that the median market cap of the companies is only $10M.
Week ended 10/13/2023
Credit quality in the Software/Media sector is better than a month ago. Liquidity is still critically low with a free cash flow adjusted current ratio of -0.04x, up from -0.2x last month. Market leverage has improved, with median total liabilities/market cap now at .26x vs. .6x a month ago. Still, maintaining liquidity is a critical challenge for companies in the sector, particularly given that the median market cap of the companies is only $10M.
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