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 08/09/2024
Weekly Sector Credit
- A substantial majority of the companies in the cultivation and retail segment have now reported their q2’24 earnings, prompting us to report on the sector’s updated credit stats.
- The group’s median total liabilities to market cap now stands at 2.03x, an improvement from 2.31x last week. A slightly improved market combined with updated financials produced this change.
- Debt/ 2024 EBITDA, a more commonly used but less predictive measure of credit quality than the market-based measures, now has a median value of 2.68x, a slight deterioration from 2.6x last week.
- Overall, a slight deterioration in financial measures was offset by improved market leverage medians, resulting in relatively unchanged sector credit quality.
Week ended 08/09/2024
Weekly Sector Credit
- A substantial majority of the companies in the cultivation and retail segment have now reported their q2’24 earnings, prompting us to report on the sector’s updated credit stats.
- The group’s median total liabilities to market cap now stands at 2.03x, an improvement from 2.31x last week. A slightly improved market combined with updated financials produced this change.
- Debt/ 2024 EBITDA, a more commonly used but less predictive measure of credit quality than the market-based measures, now has a median value of 2.68x, a slight deterioration from 2.6x last week.
- Overall, a slight deterioration in financial measures was offset by improved market leverage medians, resulting in relatively unchanged sector credit quality.
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