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 03/31/2023
Week ended 03/31/2023
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Equity Commentary
Week ended 03/31/2023
The Week’s Only Closed Equity Transaction:
- On March 31, 2023, Green Tank Technologies (Private), a technology company specializing in the design, development, and manufacture of vaporization hardware and atomization technology, closed a $12.2M Series B funding round.
- The funding will be used to launch the company’s exclusive technology later in the year. The technology caters to diverse markets beyond cannabis.
- Investors included Organigram Holdings and a strategic investor group.
Public vs. Private Raises:
- Both capital raising companies this week were private.
Equity vs. Debt Cap Raises:
- Equity accounted for 10.8% of the capital raises this week.
Week ended 03/31/2023
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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.
- Week ended 03/31/2023
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 03/31/2023
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.
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.