August 14, 2024-
Cannabis Capital Raises Showing Real Improvement
- Year-To-Date (YTD) capital raises totaled $1.6B, up 14.4% from the same period in 2023.
- Average transaction size increased by nearly 35% for the latest YTD period vs. the same period in 2023.
- Debt as a percentage of capital raised dropped to 51.2% from 68.6% in the previous year on a worldwide basis. The U.S. bucked this trend with 72.7% of capital raised in debt compared to 41.4% in 2023.
- U.S. raises accounted for 62.1% of total funds, up from 52.3% at the same point in 2023. Raises from outside Canada and the U.S. represented a historically high 6.1% of the total funds raised.
- YTD raises by public companies accounted for 74.7% of total funds, the highest since 2021.
View This Week’s Viridian Insights to See our Complete Analysis of Key Cannabis Deals and Deal Trends
About The Viridian Cannabis Deal Tracker
Launched in January 2015, and having analyzed more than $75B in deals, the Viridian Cannabis Deal Tracker is a proprietary data service that monitors and analyzes capital raise and M&A activity in the legal Cannabis, Hemp, and Psychedelics industries. Our insights help companies, investors, lenders and acquirers make informed capital allocation decisions. Each week the Deal Tracker provides proprietary data and market intelligence on transactions, including:
– Deals by Industry Sector (Track the Flow of Capital and M&A Deals by Industry Sector)
– Deal Structure (Equity/Debt for Capital Raises, Cash/Stock/Earnout for M&A)
– Principals to the Transaction (Issuer/Investor/Lender/Acquirer)
– Key Deal Terms (Deal Size, Valuation, Pricing, Warrants, Cost of Capital)
– Deals by Location of Issuer/Buyer/Seller (Track the Flow of Deals by State and Country)
– Credit Ratings (Leverage and Liquidity Ratios)
Contact
Scott Greiper
CEO
Viridian Capital Advisors, LLC
646.330.0704
sgreiper@viridianca.com
Broker-Dealer Services Provided Through Bradley Woods & Co. Ltd. – A Member of FINRA and SIPC,
845 Third Avenue, Suite 1703, New York, N.Y. 10022
