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 11/25/2022
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. The median cash flow adjusted current ratio for the 24 Infused Products & Extracts companies in our database is an anemic .03x, indicating that at least half of the group has insufficient cash resources to make it through the year with no additional financing. Even the highest quartile of companies only has a value of .65x, indicating that most industry participants will need to do financings to maintain liquidity in 2023.
Week ended 11/25/2022
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. The median cash flow adjusted current ratio for the 24 Infused Products & Extracts companies in our database is an anemic .03x, indicating that at least half of the group has insufficient cash resources to make it through the year with no additional financing. Even the highest quartile of companies only has a value of .65x, indicating that most industry participants will need to do financings to maintain liquidity in 2023.
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