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 03/07/2025
Weekly Sector Credit – Ag Tech
-
- Ag Tech has yet to see the dramatic turnaround that we expect the removal of 280e on the sector’s key customers might produce. But leverage metrics are not that bad. The median Debt/2025 EBITDA is only 4.44x, which is not horrible when you factor in that the sector is not subject to 280e taxes. Similarly, the median total liabilities to market cap is only .95x, which indicates a market belief of significant asset value coverage of liabilities.
- The issue is still liquidity. Viridian’s free cash flow adjusted current ratio, which takes into account both balance sheet liquidity and cash burn, has a median value of only .46x, indicating a pressing need for financing for over half of the sector’s 14 companies.
Week ended 03/07/2025
Weekly Sector Credit – Ag Tech
-
- Ag Tech has yet to see the dramatic turnaround that we expect the removal of 280e on the sector’s key customers might produce. But leverage metrics are not that bad. The median Debt/2025 EBITDA is only 4.44x, which is not horrible when you factor in that the sector is not subject to 280e taxes. Similarly, the median total liabilities to market cap is only .95x, which indicates a market belief of significant asset value coverage of liabilities.
- The issue is still liquidity. Viridian’s free cash flow adjusted current ratio, which takes into account both balance sheet liquidity and cash burn, has a median value of only .46x, indicating a pressing need for financing for over half of the sector’s 14 companies.
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
