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 04/18/2025
Week ended 04/18/2025
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Equity Commentary
Week ended 04/18/2025
Equity Raises:
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- On April 15, 2025, InnoCan Pharma Corp. (INNO: CSE)(INNPF: OTCQB), a company focused on developing innovative drug delivery platform technologies based on cannabinoid science, closed a non-brokered private placement of units for gross proceeds of approximately $0.15M.
- Each unit, priced at $.129, was composed of one common share and one four-year warrant with an exercise price of $.179 (38.8% premium). The resulting net share price of $.106 was an 11.31% discount to the pre-announcement price.
- The transaction implies a market cap of $31.27M, an enterprise value of $27.89, and an EV/ annualized revenue of .95x.
Public vs. Private Raises:
- Both capital raisers this week are public. Both trade in Canada (one on TSX and one on CSE), and one trades in the U.S. (on OTC).
Equity vs. Debt Cap Raises:
- Debt accounted for 63% of trailing 8-week capital raises. The ratio may go down if companies are able to utilize favorable regulatory-induced stock price increases to complete equity issues. However, equity pricing has remained stubbornly low while the cannabis debt capital markets have reopened.
Week ended 04/18/2025
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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 04/18/2025
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 04/18/2025
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.