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 09/15/2023
The credit quality of the Software Sector appears to have declined over the last several weeks: the median free cash flow adjusted current ratio, at -0.2x on 9/15/23, is critically weak and has fallen from -0.07x at the end of August. Similarly, median total liabilities to market cap has increased from .42x at the end of August to .60x. We would expect that if the legislative/regulatory changes that have been discussed occur, it would produce higher growth in the cultivation & retail sector, the primary customer of the Software companies. In the meantime, they are critical liquidity starved and will need to raise capital or sell assets soon.
Week ended 09/15/2023
The credit quality of the Software Sector appears to have declined over the last several weeks: the median free cash flow adjusted current ratio, at -0.2x on 9/15/23, is critically weak and has fallen from -0.07x at the end of August. Similarly, median total liabilities to market cap has increased from .42x at the end of August to .60x. We would expect that if the legislative/regulatory changes that have been discussed occur, it would produce higher growth in the cultivation & retail sector, the primary customer of the Software companies. In the meantime, they are critical liquidity starved and will need to raise capital or sell assets soon.
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