Regional Tracker
The Viridian Cannabis Regional Tracker is the premier resource to follow the movement of capital and M&A by location.
Cannabis industry capital raises and M&A activity are shifting. Newly legalized states in the Central and Northeast have become the focus of an increasing amount of capital deployment to fund new cultivation capacity and new dispensaries. MSOs are often finding it more advantageous to build scale in new states through acquisition rather than internal build, leading to a similar shift in M&A activity.
The Regional Tracker gives investors a clear view of where capital is being allocated.
Capital raises ltm (Last 12 months)
California ranks number one in total capital raised at $250.16M and also ranks first in total transaction volume with 18 total raises. New York ranks second in total capital raised at $174.62M and currently ranks second in transaction volume with 11 transactions for the LTM period ended 5/10/2024. Massachusetts ranks third place in total invested capital at $86.53M for the LTM period ended 5/10/2024.
M&A LTM
California ranks number one in transaction volume by state with 15 deals for LTM ended 5/10/2024. Florida ranks second in total M&A transactions with 8 total deals completed for LTM ended 5/10/2024. Maryland ranks third with 4 deals completed for the LTM period ended 5/10/2024.
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