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:
Capital Raises LTM (last 12 months)
The Cultivation & Retail sector leads all sectors in total capital raised over the current LTM period with $1.56B in total invested capital and ranks first in transaction volume with 47total transactions. The Real Estate sector ranks second in total invested capital at $160.00M for the LTM ended 11/7/2025. The Psychedelics sector ranks third in total capital invested at $150.51M for the LTM ended 11/7/2025.
Capital Raises YTD
M&A by Sector
The buyers and sellers in this week’s deals were from the following sectors:
M&A LTM
The Psychedelics sector leads all sectors in total M&A transaction value with $1.20B in total deal consideration. The Cultivation & Retail sector ranks second in total M&A consideration at $746.92M for the LTM ended 11/7/25. The Infused Products & Extracts sector ranks third in total M&A consideration at $97.49M for the LTM period ended 11/7/25.
