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 12/06/2024
Weekly Sector Credit – Cultivation and Retail
- The sharp market downturn is flashing warning lights on our market-based leverage indicators. Industry total liabilities to market cap jumped from 1.84x last week to 2.12x this week, dropping asset coverage from 1.38x to 1.28x.
- Debt/ 2024 EBITDA remains high at over 3x, higher than sustainable without 280e relief.
Week ended 12/06/2024
Weekly Sector Credit – Cultivation and Retail
- The sharp market downturn is flashing warning lights on our market-based leverage indicators. Industry total liabilities to market cap jumped from 1.84x last week to 2.12x this week, dropping asset coverage from 1.38x to 1.28x.
- Debt/ 2024 EBITDA remains high at over 3x, higher than sustainable without 280e relief.
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