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 02/24/2023
Week ended 02/24/2023
This Section is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
Equity Commentary
Week ended 02/24/2023
The Week’s Largest Closed Equity Transaction:
- On February 23, 2023, Green Check Verified (Private), a financial services firm that provides compliance services to help banks work with cannabis companies, closed a $6M Series A funding round.
- Mendon Venture Partners led the round.
- Green Check announced in September that it was acquiring PayQwick, a business providing payment services and lending to cannabis companies.
- The combined firms will provide compliance services and real-time transactions, including lending and other banking solutions.
Public vs. Private Raises:
- Four of this week’s five capital-raising companies are public. Three trade in Canada (two on the CSE and one on the TSX), three in the U.S. (two on OTC and one on Nasdaq), and one on the Paris exchange.
Equity vs. Debt Cap Raises:
- Equity accounted for 4.9% of capital raised this week.
Week ended 02/24/2023
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 02/24/2023
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 02/24/2023
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.