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 05/09/2025
Sector Valuation – The Psychedelics sector has outperformed plant-touching cannabis sectors YTD. However, valuation measures remain constrained by the industry’s key weakness: liquidity.
- The sector is now trading at 1.80x Market/Book and .97x market to tangible book value, up from .94x and .85x, respectively, at year-end of 2024.
- Liquidity remains critically tight, however, with median free cash flow adjusted current ratio of 0.0x compared to .16x at year end 2024. More than half of the sector participants will require additional funding to pay their current liabilities during the year. Interestingly, the top 25% have ratios above 4.25x, indicating adequate funding for over a year.
- See the Viridian Sector valuation section of the weekly sector tracker for more detail and a wide range of valuation metrics with quartiles and median measures.
Week ended 05/09/2025
Sector Valuation – The Psychedelics sector has outperformed plant-touching cannabis sectors YTD. However, valuation measures remain constrained by the industry’s key weakness: liquidity.
- The sector is now trading at 1.80x Market/Book and .97x market to tangible book value, up from .94x and .85x, respectively, at year-end of 2024.
- Liquidity remains critically tight, however, with median free cash flow adjusted current ratio of 0.0x compared to .16x at year end 2024. More than half of the sector participants will require additional funding to pay their current liabilities during the year. Interestingly, the top 25% have ratios above 4.25x, indicating adequate funding for over a year.
- See the Viridian Sector valuation section of the weekly sector tracker for more detail and a wide range of valuation metrics with quartiles and median measures.
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