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 12/08/2023

Week ended 12/08/2023

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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 12/08/2023

  • The Week’s Largest Closed Equity Deal
    • On December 4, 2023, Petalfast, Inc. (Private), founded by two former senior executives at Kushco that offers a range of consulting, marketing, distribution, and compliance services, closed a $5.1M venture funding round.
    • Petalfast investors include Arcadian Capital, Merida Capital, and WGD Capital.
    • The firm was valued at approximately $11M following a $1.5M funding round in 2022, but the valuation implied by the latest round is unknown.
    • Petalfast has raised approximately $14M in five funding rounds.

Public vs. Private Raises: 

  • Avicanna is the only public capital raiser of the week. It trades in the US on OTC and in Canada on the TSX.

Equity vs. Debt Cap Raises: 

  • Equity accounted for 100% of the week’s capital raised.

Week ended 12/08/2023

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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.