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 06/20/2025
Weekly Sector Credit –Infused Products and Extracts
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- The 17 companies in the Infused Products and Extracts sector demonstrate relatively weak credit stats. The companies are generally quite small, with a median total assets of only $3.75 million and a market capitalization of $ 6.62 million.
- Liquidity is quite weak, with a free cash flow-adjusted current ratio median of only 0.32x, indicating that over half of the companies have pressing needs for additional funding.
- Leverage is not excessive, with a median debt-to-2025 EBITDA ratio of only 0.74x; however, cash flow is generally negative, with a median funds from operations to total liabilities ratio of -0.26x.
- The general picture can be summarized as small companies with limited access to debt or credit markets, resulting in poor liquidity and cash flow.
- The good news here is that the median total liabilities to market capitalization ratio of 1.19x indicates a market belief that these companies have solid asset value coverage of their liabilities.
- See the Viridian Credit Sector Report for more details.
Week ended 06/20/2025
Weekly Sector Credit –Infused Products and Extracts
-
- The 17 companies in the Infused Products and Extracts sector demonstrate relatively weak credit stats. The companies are generally quite small, with a median total assets of only $3.75 million and a market capitalization of $ 6.62 million.
- Liquidity is quite weak, with a free cash flow-adjusted current ratio median of only 0.32x, indicating that over half of the companies have pressing needs for additional funding.
- Leverage is not excessive, with a median debt-to-2025 EBITDA ratio of only 0.74x; however, cash flow is generally negative, with a median funds from operations to total liabilities ratio of -0.26x.
- The general picture can be summarized as small companies with limited access to debt or credit markets, resulting in poor liquidity and cash flow.
- The good news here is that the median total liabilities to market capitalization ratio of 1.19x indicates a market belief that these companies have solid asset value coverage of their liabilities.
- See the Viridian Credit Sector Report for more details.
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