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 09/15/2023
Week ended 09/15/2023
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Equity Commentary
Week ended 09/15/2023
- The Week’s Largest Closed Equity Deal
- On September 12, 2023, The Bettering Company, a private Chicago-based luxury cannabis edibles brand, raised $6.7M in a funding round. The total funding of the company now totals $11M.
- Proceeds will fund the construction of a state-of-the-art production facility in Rockford, Illinois, and the expansion of the company’s management team. Bettering plans to introduce its products into Illinois dispensaries in fall 2023 and subsequently expand to New Jersey and New York.
- Bettering is an LBGTB+ founded and employee-owned company.
- Investors include prominent early-stage consumer packaged goods investor Peter Rahal.
- Bettering differentiates itself with chef-crafted vegan and gluten-free gummies.
Public vs. Private Raises:
- Two of the week’s four capital raisers are public companies. One trades in Canada on the CSE, and both trade in the U.S. (one on Nasdaq and one on OTC.)
Equity vs. Debt Cap Raises:
- Equity accounted for three raises and 83.9% of total proceeds.
Week ended 09/15/2023
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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 09/15/2023
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 09/15/2023
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.