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

Equity Capital Raises

Equity Transaction Chart

Viridian publishes weekly data on equity capital raises in the Cannabis/CBD/Psychedelic industries. This data includes information about the company issuing equity (public/private, state/country location), deal size, deal structure, pricing, share information, deal implied valuation, and warrant information.

Week ended 11/22/2024

Week ended 11/22/2024

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Equity Commentary

Viridian publishes weekly insights on equity capital raises in the Cannabis/CBD/Psychedelic industries. These insights typically highlight the most interesting/meaningful equity transactions of that week, and commentary on market conditions, equity deal structures and investor groups.

Week ended 11/22/2024

Equity Raises:

  • On November 21, 2024, Agrify (AGFY: Nasdaq) announced the closing of a $25.9M non-brokered private placement.
  • The company sold 1.15M shares at $22.30. The net price represented a discount of 42% from the pricing of its previous round but was up tremendously from where the stock traded prior to the GTI investment.
  • The transaction pricing implies a 4x multiple of LTM revenues.
  • The stock now trades at nearly 2.8x the price of this placement in a meteoric rise the likes of which we can not remember seeing. In the last month, the stock has risen by 1766%!
  • We only wished we had seen that coming.

Public vs. Private Raises: 

  • One of the week’s two capital raises was public and trades in the U.S. on Nasdaq.

Equity vs. Debt Cap Raises:

  • Equity accounted for all of the week’s funds raised.

Week ended 11/22/2024

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Weekly Valuation Tracker

Viridian highlights a specific industry sector and provides a deep dive into valuation metrics and comparable company valuations for public companies operating in that sector.  The Weekly Valuation Tracker provides proprietary, actionable valuation data.

This week’s valuation tracker focuses on the 7 U.S. MSOs with market cap over $500M in the Viridian Value Tracker database in gauge the valuation impact of the 2nd earnings that have been released so far, Green Thumb (GTII: CSE), Curaleaf (CURA: CSE), and Trulieve.   

This Chart is Only Available to Higher Tier Memberships

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Additional content is available to Premium and Enterprise users. Please purchase a higher tier membership to see more. 

This Chart is Only Available to Higher Tier Memberships

Please Purchase a Premium or Enterprise membership to see more.