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 12/23/2022
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 free cash flow adjusted current ratios of the 21 Agriculture Technology sector companies in our database is now .08x, indicating a need for new financing by more than ½ of the group. Interestingly, though, the group’s median Debt/ Market cap is only .38x, a relatively low leverage indicator (Cultivation & Retail is 1.16x for comparison). This measure gives us some comfort that most group members can probably increase their debt load to plug the maturity problem.
Week ended 12/23/2022
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 free cash flow adjusted current ratios of the 21 Agriculture Technology sector companies in our database is now .08x, indicating a need for new financing by more than ½ of the group. Interestingly, though, the group’s median Debt/ Market cap is only .38x, a relatively low leverage indicator (Cultivation & Retail is 1.16x for comparison). This measure gives us some comfort that most group members can probably increase their debt load to plug the maturity problem.
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