OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
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Valuation Tracker By Industry Sector
Valuation Tracker By Sector
The Viridian Value Tracker is the most comprehensive valuation product in the industry.
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- A broad set of 12 valuation measures assures applicability, regardless of whether the company has analyst coverage or revenues. The typically presented EV/ Projected Revenues and EV/ Projected EBITDA are available for less than 1/3 of the cannabis companies we track.
- Most valuation studies present only the average valuation measures, while the Tracker goes one step further and shows the distribution of values (the quartiles, median, and dispersion) for each measure. This gives users a more complete view of how companies in the cohort group are valued.
Week ended 11/07/2025
Sector Valuation Report – Agriculture Technology Sector as of 11/7/25
- Of the 14 companies in the sector, only 6 have analyst estimates for 2026. Median EV/ 2026 EBITDA is 9.27x, reflecting EBITDA turning positive for the first time in two years. The median EV / 2026 revenues is now 1.5x, but the median EV/annualized revenue is much higher at 2.45x, reflecting higher revenue valuations in the unrated cohort.
- We expect Ag Tech to be a significant beneficiary of the cultivation sector’s projected return to revenue growth, even without considering the positive impacts of 280E on the sector’s primary customers.
- Market to book ratios are now 1.06x, reflecting a market belief that significant writedowns are likely in the past.
Week ended 11/07/2025
Sector Valuation Report – Agriculture Technology Sector as of 11/7/25
- Of the 14 companies in the sector, only 6 have analyst estimates for 2026. Median EV/ 2026 EBITDA is 9.27x, reflecting EBITDA turning positive for the first time in two years. The median EV / 2026 revenues is now 1.5x, but the median EV/annualized revenue is much higher at 2.45x, reflecting higher revenue valuations in the unrated cohort.
- We expect Ag Tech to be a significant beneficiary of the cultivation sector’s projected return to revenue growth, even without considering the positive impacts of 280E on the sector’s primary customers.
- Market to book ratios are now 1.06x, reflecting a market belief that significant writedowns are likely in the past.
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