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 05/31/2024
Weekly Sector Credit
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- Credit quality in the Cultivation and retail sector was down in the week ended May 31, 2024, compared to the previous week.
- Total liabilities to market cap increased from 2.38x to 2.75x, primarily due to the continued lack of stock market willingness to get ahead of rescheduling. The market has been burned too many times and needs more clearly defined timelines and certainty.
- Liquidity worsened but only slightly. Viridian’s Free Cash Flow Adjusted Current Ratio median dropped from .6x to .57x. Both measures indicate a need for additional financing over the balance of the year.
- Credit quality in the Cultivation and retail sector was down in the week ended May 31, 2024, compared to the previous week.
Week ended 05/31/2024
Weekly Sector Credit
-
- Credit quality in the Cultivation and retail sector was down in the week ended May 31, 2024, compared to the previous week.
- Total liabilities to market cap increased from 2.38x to 2.75x, primarily due to the continued lack of stock market willingness to get ahead of rescheduling. The market has been burned too many times and needs more clearly defined timelines and certainty.
- Liquidity worsened but only slightly. Viridian’s Free Cash Flow Adjusted Current Ratio median dropped from .6x to .57x. Both measures indicate a need for additional financing over the balance of the year.
- Credit quality in the Cultivation and retail sector was down in the week ended May 31, 2024, compared to the previous week.
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