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 03/22/2024
The Psychedelic Sector hasn’t benefitted to the same extent as the MSOs, but its valuation stats show some improvement YTD. The median tangible market-to-book ratio is now 1.20x for the eighteen companies, for which we can calculate the ratio, up from .95x for the same group at the end of 2023. We do not view revenue or EBITDA multiples to be reliable for the sector since most of the companies are pre-revenue and have negative EBITDA.
Week ended 03/22/2024
The Psychedelic Sector hasn’t benefitted to the same extent as the MSOs, but its valuation stats show some improvement YTD. The median tangible market-to-book ratio is now 1.20x for the eighteen companies, for which we can calculate the ratio, up from .95x for the same group at the end of 2023. We do not view revenue or EBITDA multiples to be reliable for the sector since most of the companies are pre-revenue and have negative EBITDA.
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