Sector Tracker
The Viridian Sector Tracker is the premier resource to follow the movement of capital and M&A by sector.
Viridian Capital Advisors partitions the cannabis universe into 12 subsectors and each week we follow the transactions that occur in each of these subsectors, giving investors the ability to spot sector rotations early.
Since the Tracker’s inception in 2015, Cultivation & Retail has been the largest subsector. However, we have recently tracked an increase in activity within the Agriculture Technology, Software and Infused Products & Extracts sectors.
Capital Raises by Sector
Capital raises this week were in the following sectors:
No raises closed during the week ended November 28th, 2025.
Capital Raises LTM (last 12 months)
Cultivation & Retail leads all sectors in total capital raised over the LTM ending 11/28/2025 with $1.57B and also ranks first in transaction volume with 45 deals. Real Estate ranks second with $160.0M raised, followed by Psychedelics at $150.5M.
Capital Raises YTD
M&A by Sector
The buyers and sellers in this week’s deals were from the following sectors:
No deals closed during the week ended November 28th, 2025.
M&A LTM
The Psychedelics sector leads all categories with $1.20B in total M&A transaction value. Cultivation & Retail follows with $746.9M for the LTM ending 11/28/2025. Infused Products & Extracts ranks third with $97.5M over the same period.
