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 08/22/2025
Sector Valuation Report – Cultivation & Retail Sector
- The Cultivation & Retail sector is now trading at a median EV/2026 Revenues and EV/2026 EBITDA of 1.05x and 6.17x, respectively, up sharply from a month ago.
- The median for the Viridian Adjusted EV / 2025 EBITDAR is now 8.32x, which we argue is a more accurate measure of valuation since it includes both leases and taxes in the numerator, two factors that investors often overlook at their own risk. Refer to our valuation charts in the Deal Tracker for this metric calculated on a 2026 basis.
Week ended 08/22/2025
Sector Valuation Report – Cultivation & Retail Sector
- The Cultivation & Retail sector is now trading at a median EV/2026 Revenues and EV/2026 EBITDA of 1.05x and 6.17x, respectively, up sharply from a month ago.
- The median for the Viridian Adjusted EV / 2025 EBITDAR is now 8.32x, which we argue is a more accurate measure of valuation since it includes both leases and taxes in the numerator, two factors that investors often overlook at their own risk. Refer to our valuation charts in the Deal Tracker for this metric calculated on a 2026 basis.
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