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 12/02/2022
Week ended 12/02/2022
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Equity Commentary
Week ended 12/02/2022
The Week’s Largest Closed Equity Transaction:
- On November 28, 2022, Blueberries Medical Corp. (BBM: CSE)(BBRRF: OTC), a Latin American licensed producer of medical cannabis, announced the completion of a non-brokered private placement of common shares for gross proceeds of approximately $1.1M.
- The offering was led by Terraflos Inc, a cannabis producer with operations throughout Latin America founded by Facundo Garreton, a Blueberries director. Following the offering Mr. Garreton, directly and through Terraflos, owns approximately 44.7% of Blueberries on a fully diluted basis.
- The issue values Blueberries at an enterprise value of approximately $4.0M, a multiple of 12.3x annualized revenues
- Proceeds will be used to add manufacturing capacities to extend the production of new cannabinoid isolates and high THC distillates, upgrade the extraction laboratory to comply with Q7A Good Manufacturing Practice Guidelines, and for general corporate purposes.
Public Company Raises:
- All five companies that raised capital this week were public. All five trade in Canada (four on the CSE and one on the NEO), and four trade in the U.S. on OTC.
Equity vs. Debt Cap Raises:
- Equity accounted for 4.5% of this week’s capital raises.
Week ended 12/02/2022
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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.
- Week ended 12/02/2022
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.
- Week ended 12/02/2022
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
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.
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.