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 04/04/2025
Weekly Sector Credit – Cultivation & Retail – Incorporating the 280e analysis into the cultivation & retail sector stats
-
- We attempted above to give credence to our claim that 3x debt/EBITDA is unsustainable in a 280e world. The weekly credit sector report, however, shows a median Debt/ 2025 EBITDA of 3.5x, with an upper quartile of almost 5x.
- This indicates that quite a few companies are out there on the edge. Canadian companies are also included in this stat, and they are not subject to 280e. However, the 3.5x median is at the edge of sustainability even in a non-280e environment. We had hoped that 2025 would be the year of balance sheet repair, but it does not seem to be shaping up that way as of yet.
Week ended 04/04/2025
Weekly Sector Credit – Cultivation & Retail – Incorporating the 280e analysis into the cultivation & retail sector stats
-
- We attempted above to give credence to our claim that 3x debt/EBITDA is unsustainable in a 280e world. The weekly credit sector report, however, shows a median Debt/ 2025 EBITDA of 3.5x, with an upper quartile of almost 5x.
- This indicates that quite a few companies are out there on the edge. Canadian companies are also included in this stat, and they are not subject to 280e. However, the 3.5x median is at the edge of sustainability even in a non-280e environment. We had hoped that 2025 would be the year of balance sheet repair, but it does not seem to be shaping up that way as of yet.
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
