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 02/23/2024
The Chart and Table below show an interesting correlation between the liquidity and leverage of the nine non-financial sectors that Viridian divides the cannabis universe. The ratios shown are the two most highly weighted ratios in the Viridian Capital Credit Tracker ranking model. FCF adjusted current ratio, takes the standard current ratio and adjusts it for annualized free cash flow burn. The total liabilities to market cap ratio is the single best leverage indicator we know, taking into account all liabilities, including taxes and leases, and comparing that to the market’s estimation of asset value coverage.
Week ended 02/23/2024
The Chart and Table below show an interesting correlation between the liquidity and leverage of the nine non-financial sectors that Viridian divides the cannabis universe. The ratios shown are the two most highly weighted ratios in the Viridian Capital Credit Tracker ranking model. FCF adjusted current ratio, takes the standard current ratio and adjusts it for annualized free cash flow burn. The total liabilities to market cap ratio is the single best leverage indicator we know, taking into account all liabilities, including taxes and leases, and comparing that to the market’s estimation of asset value coverage.
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