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 12/02/2022
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 102 Cultivation & Retail sector companies in our database is now .82x, indicating that more than one-half of the companies are likely to need additional financing to pay off their short-term liabilities. The lowest 25% of the companies (around 25) measure only .06x, indicating significant liquidity stress.
Week ended 12/02/2022
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 102 Cultivation & Retail sector companies in our database is now .82x, indicating that more than one-half of the companies are likely to need additional financing to pay off their short-term liabilities. The lowest 25% of the companies (around 25) measure only .06x, indicating significant liquidity stress.
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