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 08/29/2025
Sector Valuation Report – Cultivation & Retail Sector
- August 29th marked the recent peak in the Cultivation and Retail sector values as measured by the price of the MSOS ETF. The ETF was up 96.8% from the end of July through August 29 before falling 17.8% to date in September. The metrics for the peak on August 29 are:
- Median EV/ 2026 EBITDA: 6.09x
- Median Adj EV/ 2025 EBITDAR 8.35x
- Median EV/ 2026 Revenue of 1.13x
- We have learned from a famous economist who once said, “Tell them how much it will go up” or “tell them when it will go up,” but never tell them both. We don’t know when schedule 3 will happen. Maybe quick, maybe slow. We believe that these interim highs will be significantly surpassed upon a real announcement, which we hope is forthcoming soon.
Week ended 08/29/2025
Sector Valuation Report – Cultivation & Retail Sector
- August 29th marked the recent peak in the Cultivation and Retail sector values as measured by the price of the MSOS ETF. The ETF was up 96.8% from the end of July through August 29 before falling 17.8% to date in September. The metrics for the peak on August 29 are:
- Median EV/ 2026 EBITDA: 6.09x
- Median Adj EV/ 2025 EBITDAR 8.35x
- Median EV/ 2026 Revenue of 1.13x
- We have learned from a famous economist who once said, “Tell them how much it will go up” or “tell them when it will go up,” but never tell them both. We don’t know when schedule 3 will happen. Maybe quick, maybe slow. We believe that these interim highs will be significantly surpassed upon a real announcement, which we hope is forthcoming soon.
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