OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS

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 08/29/2025

Weekly Sector Credit Cultivation and Retail

    • With no new financial statements issued over the last week, the Cultivation & Retail sector median Debt/2025 EBITDA has remained unchanged at 1.99x. However, the median debt/market cap has continued to decrease from 0.69x last week to 0.63x this week.
    • Similarly, total liabilities to market cap has gone down from 43x last week to 1.23x this week.
    • Financial statement ratios have remained unchanged over the last two weeks; however, the rising prices imply a market perception of greater asset value coverage, which is a positive credit event.

Week ended 08/29/2025

Weekly Sector Credit Cultivation and Retail

    • With no new financial statements issued over the last week, the Cultivation & Retail sector median Debt/2025 EBITDA has remained unchanged at 1.99x. However, the median debt/market cap has continued to decrease from 0.69x last week to 0.63x this week.
    • Similarly, total liabilities to market cap has gone down from 43x last week to 1.23x this week.
    • Financial statement ratios have remained unchanged over the last two weeks; however, the rising prices imply a market perception of greater asset value coverage, which is a positive credit event.

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