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 07/04/2025
Sector Valuation Report – Agriculture Technology
- The Ag Tech sector is finally showing some positive valuation metrics, at least with regard to 2026 estimates. Median EV/2026 EBITDA is now 4.66x, benefiting from analysts’ much-improved estimates for the cultivation and retail sector for 2026.
- Median EV/ annualized revenues is 1.13x, while median EV/ 2026 revenues is .8x
- Is the sector turnaround finally here? We are not convinced, as we have not yet seen MSOs ramping up capital expenditures. We are happy to see positive EBITDA projections, though, and will be watching upcoming June earnings reports with great interest, not so much for the actual results but for clues from management about business uptrends.
- See our weekly value sector analysis for more details.
Week ended 07/04/2025
Sector Valuation Report – Agriculture Technology
- The Ag Tech sector is finally showing some positive valuation metrics, at least with regard to 2026 estimates. Median EV/2026 EBITDA is now 4.66x, benefiting from analysts’ much-improved estimates for the cultivation and retail sector for 2026.
- Median EV/ annualized revenues is 1.13x, while median EV/ 2026 revenues is .8x
- Is the sector turnaround finally here? We are not convinced, as we have not yet seen MSOs ramping up capital expenditures. We are happy to see positive EBITDA projections, though, and will be watching upcoming June earnings reports with great interest, not so much for the actual results but for clues from management about business uptrends.
- See our weekly value sector analysis for more details.
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