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 10/03/2025
Weekly Sector Credit – Psychedelics with Improved Liquidity.
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- The table below shows the overall credit profile of the 18 Psychedelics companies currently in the Viridian Credit Tracker database.
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- Note that the median free cash flow-adjusted current ratio is now 1.10x, indicating that over half of the companies have sufficient liquidity to get through the next year without needing external funding. The lowest quartile of -0.16x continues to suggest that around four companies are experiencing severe liquidity stress. On the opposite end of the spectrum, the third quartile value of 2.67x denotes excellent liquidity and no operating needs for additional capital.
- The median total liabilities to market cap figure of 0.29 shows that the market believes the asset value coverage of half of the group is over 4 times.
- Finally, examining the group in terms of market capitalization reveals an enormous variation. Half of the companies in the sector have market caps under $10 million, while the top 25% of companies have market caps over $295 million, the largest spread among the twelve sectors we track.
Week ended 10/03/2025
Weekly Sector Credit – Psychedelics with Improved Liquidity.
-
- The table below shows the overall credit profile of the 18 Psychedelics companies currently in the Viridian Credit Tracker database.
-
- Note that the median free cash flow-adjusted current ratio is now 1.10x, indicating that over half of the companies have sufficient liquidity to get through the next year without needing external funding. The lowest quartile of -0.16x continues to suggest that around four companies are experiencing severe liquidity stress. On the opposite end of the spectrum, the third quartile value of 2.67x denotes excellent liquidity and no operating needs for additional capital.
- The median total liabilities to market cap figure of 0.29 shows that the market believes the asset value coverage of half of the group is over 4 times.
- Finally, examining the group in terms of market capitalization reveals an enormous variation. Half of the companies in the sector have market caps under $10 million, while the top 25% of companies have market caps over $295 million, the largest spread among the twelve sectors we track.
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