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 02/09/2024
The Hemp sector showed valuation metric improvement this week, with the market to book for the 44 sector companies rising to .55x compared to .46x last week. Similarly, EV/ LTM revenues increased to 1.08x from .94x last week. We did not see any news to account for the increase, which bucked the downward trend in cultivation and retail valuations. The sector continues to wait for a new Farm Bill, which it hopes will increase allowed levels of THC and codify the status of hemp-derived intoxicants, which have become some of the segment’s most profitable products.
Week ended 02/09/2024
The Hemp sector showed valuation metric improvement this week, with the market to book for the 44 sector companies rising to .55x compared to .46x last week. Similarly, EV/ LTM revenues increased to 1.08x from .94x last week. We did not see any news to account for the increase, which bucked the downward trend in cultivation and retail valuations. The sector continues to wait for a new Farm Bill, which it hopes will increase allowed levels of THC and codify the status of hemp-derived intoxicants, which have become some of the segment’s most profitable products.
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