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 05/24/2024
Weekly Sector Credit
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- Surprisingly, given the recent passage in the House committee of an amendment to the upcoming farm bill that would significantly harm the hemp industry, hemp sector credit stats actually improved in the week that ended 5/24/24.
- The median total liabilities to market cap, which is the most highly weighted leverage indicator in the Viridian Credit model, declined to 1.28x from 1.35x last week.
- Liquidity also improved as measured by Viridian’s bespoke indicator, free cash flow adjusted current ratio, which improved from .50x to .61x
- All eyes are on the sector, which has ridden the wave of intoxicating hemp products to increasing profitability that is now threatened by state and federal legislation.
Week ended 05/24/2024
Weekly Sector Credit
-
- Surprisingly, given the recent passage in the House committee of an amendment to the upcoming farm bill that would significantly harm the hemp industry, hemp sector credit stats actually improved in the week that ended 5/24/24.
- The median total liabilities to market cap, which is the most highly weighted leverage indicator in the Viridian Credit model, declined to 1.28x from 1.35x last week.
- Liquidity also improved as measured by Viridian’s bespoke indicator, free cash flow adjusted current ratio, which improved from .50x to .61x
- All eyes are on the sector, which has ridden the wave of intoxicating hemp products to increasing profitability that is now threatened by state and federal legislation.
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