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 04/14/2023
Week ended 04/14/2023
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Equity Commentary
Week ended 04/14/2023
The Week’s Only Closed Equity Transaction:
- On April 11, 2023, Cookies (Private) closed a Series A round financing for an undisclosed amount.
- The company said the raise was the largest equity raise at the highest valuation since its launch in 2012.
- In 2022, Cookies opened 15 retail stores in 8 markets, including Arkansas, Florida, Missouri, Canada, and Thailand. In 2023 the company plans to open 15 more stores and enter several new markets, including Arizona, Illinois, Washington D.C., and Australia.
- Entourage Effect Capital led the round and was joined by 12/12 Ventures. Cookies added Matt Barron, managing partner of 12/12 ventures to its Board of Directors.
Public vs. Private Raises:
- Two of the three companies raising capital this week were public. Both trade in Canada (one on the CSE and one on the TSX). Both also trade in the U.S. (one on OTCQB and one on Nasdaq).
Equity vs. Debt Cap Raises:
- Debt accounted for all of the week’s disclosed capital raises (since the amount of the Cookies deal was not disclosed.
Week ended 04/14/2023
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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 04/14/2023
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 04/14/2023
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.