OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
Quick
Links
Past Charts
Valuation Tracker By Industry Sector
Valuation Tracker By Sector
The Viridian Value Tracker is the most comprehensive valuation product in the industry.
-
- 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 02/16/2024
Unlike the top cultivation and retail segment companies, the Agriculture Technology sector has not benefitted from any boost in valuation metrics over the last seven months. Median market to book is now 0.14x compared to .46x in July. Only 6 of the 19 sector participants have analyst coverage, but the same trend is clear: median EV/ 2023 revenue is only .45x compared to .58x in July. We expect the additional cash flows from 280e relief will bring further growth capacity online, fostering better results from Ag-Tech. Ag Tech supplies products like soils, nutrients, and fertilizers that will gain as new capacity comes online in new adult states like Ohio and Maryland. Still, it also supplies capital-intensive products like lighting and HVAC, which will take longer to come to fruition as the customers regain their ability to finance new capex.
Week ended 02/16/2024
Unlike the top cultivation and retail segment companies, the Agriculture Technology sector has not benefitted from any boost in valuation metrics over the last seven months. Median market to book is now 0.14x compared to .46x in July. Only 6 of the 19 sector participants have analyst coverage, but the same trend is clear: median EV/ 2023 revenue is only .45x compared to .58x in July. We expect the additional cash flows from 280e relief will bring further growth capacity online, fostering better results from Ag-Tech. Ag Tech supplies products like soils, nutrients, and fertilizers that will gain as new capacity comes online in new adult states like Ohio and Maryland. Still, it also supplies capital-intensive products like lighting and HVAC, which will take longer to come to fruition as the customers regain their ability to finance new capex.
This Chart is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
