OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS

Capital Raises

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 04/28/2023

Week ended 04/28/2023

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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 04/28/2023

The Week’s Only Closed Equity Transaction:

  • On April 25, 2023, AMNESIA Media Company (Private), a San Francisco-based, AI-powered cannabis marketing compliance platform, closed a $1M Seed round financing.
  • Key investors included Poseidon Investment Management, Argonautic Ventures, JourneyOne Ventures, and other angel investors.
  • The company’s Highlyte platform helps cannabis companies to stay in strict compliance with state rules and social media restrictions, avoiding potentially crippling penalties like de-platforming or even license suspension.

Public vs. Private Raises: 

  • Both companies raising capital this week were private.

Equity vs. Debt Cap Raises: 

  • Equity accounted for one of the week’s two capital raises and 36.4% of the funds.

Week ended 04/28/2023

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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.   

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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.