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 03/31/2023
This week’s credit tracker focuses on the 5 principal U.S. Real Estate sector companies in the Viridian Value Tracker database. Our purpose was to evaluate the public competitors of this weeks only debt issuance, Madison Sweet Leaf. NewLake Capital too(NLCP: OTCQX) took credit spot of the group. It has the lowest leverage on both a total liabilities to market cap, and funds from operation to total liabilities basis. It places second in our size ratings behind Innovative Industrial Properties (IIPR: NYSE) and first in profitability. Chicago Atlantic (REFI: Nasdaq) beat out rival AFC Gamma (AFCG: Nasdaq) by having lower, leverage, better profitability and equal size ratings.
Week ended 03/31/2023
This week’s credit tracker focuses on the 5 principal U.S. Real Estate sector companies in the Viridian Value Tracker database. Our purpose was to evaluate the public competitors of this weeks only debt issuance, Madison Sweet Leaf. NewLake Capital too(NLCP: OTCQX) took credit spot of the group. It has the lowest leverage on both a total liabilities to market cap, and funds from operation to total liabilities basis. It places second in our size ratings behind Innovative Industrial Properties (IIPR: NYSE) and first in profitability. Chicago Atlantic (REFI: Nasdaq) beat out rival AFC Gamma (AFCG: Nasdaq) by having lower, leverage, better profitability and equal size ratings.
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