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 04/11/2025
Weekly Sector Credit – Consumption Device Sector
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- The Viridian Credit Tracker database has seven consumption device companies. The range in size and credit quality is vast, ranging from Jacsam Corp., with a market cap of $.3M and disastrous total liabilities to market cap of 19.5x to Turning Point, with a market cap of over $1B and excellent credit stats.
- The sector has a median free cash flow adjusted current ratio of .99x, indicating that about ½ of the sector companies are funded for the year. Median Funds from Operation to Debt is -.05x, indicating that over half of the sector companies have negative cash flow. However, the top 25% have funds from operations to total liabilities of over .23x, a number that would generally rank them as high single B to low BB credits.
- The worst 25% of the sector companies have total liabilities to market cap of over 7.39x, well into the warning range that indicates potential debt haircuts.
Week ended 04/11/2025
Weekly Sector Credit – Consumption Device Sector
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- The Viridian Credit Tracker database has seven consumption device companies. The range in size and credit quality is vast, ranging from Jacsam Corp., with a market cap of $.3M and disastrous total liabilities to market cap of 19.5x to Turning Point, with a market cap of over $1B and excellent credit stats.
- The sector has a median free cash flow adjusted current ratio of .99x, indicating that about ½ of the sector companies are funded for the year. Median Funds from Operation to Debt is -.05x, indicating that over half of the sector companies have negative cash flow. However, the top 25% have funds from operations to total liabilities of over .23x, a number that would generally rank them as high single B to low BB credits.
- The worst 25% of the sector companies have total liabilities to market cap of over 7.39x, well into the warning range that indicates potential debt haircuts.
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