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
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.
- Week ended 04/21/2023
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 04/21/2023
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.