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 04/21/2023

Week ended 04/21/2023

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Equity Commentary

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.

Week ended 04/21/2023

The Week’s Largest Closed Equity Transaction:

  • On April 21, 2023, Captiva Verde Wellness Corp. (PWR: CSE) closed a non-brokered private placement of units for gross proceeds of $2.1M.
  • Captiva sold 80M units at approximately $.03 per unit.
  • Each unit consists of one share of stock and 1 five year warrant with an exercise price of $.037 (a 41.6% premium). The warrant package is worth approximately $.005 per unit, resulting in a net share price of 31.42% below pre-announcement levels.
  • The transaction implies a market cap of $5.85M and an enterprise value of $4.21M.

Public vs. Private Raises: 

  • Both companies raising capital this week were public. Both trade in Canada on the CSE. Both also trade in the U.S. on OTC.

Equity vs. Debt Cap Raises: 

  • Equity accounted for all of the week’s disclosed capital raises.

Week ended 04/21/2023

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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.

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.   

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.