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 12/13/2024
Week ended 12/13/2024
This Section is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
Equity Commentary
Week ended 12/13/2024
Equity Raises:
- On December 1, 2024, Leef Brands (LEEF: CSE)(LEEEF: OTCQB), $1.49M units transaction
- Each unit consisted of one share and one two-year warrant with a 60% exercise premium. The value of the warrant was approximately 5% of the unit price, contributing to a 6.9% net share discount from pre-announcement levels.
- Proceeds will support the completion of the Salisbury Canyon Ranch and other growth initiatives.
- Leef’s liabilities to market cap on 12/13/24 was 1.57x, implying a 1.49x asset value/liabilities. LEEF ranked #18/30 on the Viridian Credit tracker model due to weak liquidity and profitability, somewhat mitigated by its better leverage scores.
Public vs. Private Raises:
- Both of this week’s capital raises were public. One trades in the U.S. on OTCQB, and both trade in Canada on CSE.
Equity vs. Debt Cap Raises:
- Equity accounted for 100% of the disclosed funds raised this week.
Week ended 12/13/2024
Additional content is available to Premium and Enterprise users. Please purchase a higher tier membership to see more.
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 12/13/2024
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 12/13/2024
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.