OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
Quick
Links
More Charts
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 02/14/2025
Weekly Sector Credit – Agriculture Technology
- The Ag Tech Sector credit stats are starting to turn.
- The median Debt/ 2025 EBITDA for the sector is 3.34x, a figure that is arguably within the sustainable limit since the sector is not subject to 280e.
- However, more progress is required in liquidity. The free cash flow adjusted median of .34x still indicates a serious need for additional funding.
- Still, on a total liabilities-to-market cap basis, the median figure of 1.16x seems reasonable and indicates the market believes the asset values exceed the liabilities. The market appears sanguine that the sector will turn. We must note, however, that our expectations in that regard were based on our expectations of S3, which have, at best, been delayed.
Week ended 02/14/2025
Weekly Sector Credit – Agriculture Technology
- The Ag Tech Sector credit stats are starting to turn.
- The median Debt/ 2025 EBITDA for the sector is 3.34x, a figure that is arguably within the sustainable limit since the sector is not subject to 280e.
- However, more progress is required in liquidity. The free cash flow adjusted median of .34x still indicates a serious need for additional funding.
- Still, on a total liabilities-to-market cap basis, the median figure of 1.16x seems reasonable and indicates the market believes the asset values exceed the liabilities. The market appears sanguine that the sector will turn. We must note, however, that our expectations in that regard were based on our expectations of S3, which have, at best, been delayed.
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
