Viridian Capital Advisors

The cannabis industry is grappling with a wave of financial distress as multiple publicly traded companies defaulted on key real estate obligations this past week. Gold Flora (OTC:GRAM), 4Front Ventures (OTC:FFNTF) and TILT Holdings (OTC:TLLTF), three major players in the cannabis sector, were all...

A new valuation analysis by Viridian Capital Advisors suggests that U.S. multi-state cannabis operators (MSOs) are trading at levels that indicate no expectation of federal rescheduling or 280E tax relief. The firm conducted a discounted cash flow (DCF) study of 15 cannabis companies, modeling a...

The cannabis market is facing heightened volatility post-election as investor concerns mount over political uncertainty and the fallout from Florida's failed legalization vote, leading to significant selloffs in top U.S. and Canadian cannabis stocks. Adult-use legalization was also rejected in...

It's no secret that cannabis companies are facing some formidable challenges when it comes to raising capital, thanks to marijuana’s onerous classification as a Schedule I controlled substance under federal law. But now with potential changes on the horizon, such as cannabis rescheduling and...

A recent analysis of 14 multi-state cannabis operators (MSOs) looks at how the potential removal of 280E in 2025 could impact their cash flows. Section 280E of the U.S. tax code, which prevents cannabis companies from deducting normal business expenses due to federal prohibition, has long been a...

As Florida's pivotal vote on recreational cannabis looms, investors are eyeing key opportunities in the market. The Viridian Credit Tracker ranks AYR Wellness (OTC:AYRWF) as a strong buy, with a compelling 20% yield driven by its significant presence in Florida's cannabis market. With the potential...

For the first time in three years, capital raises in the cannabis sector increased, according to Frank Colombo, managing director of data analytics and investment banking at Viridian Capital Advisors. Colombo provided an overview of capital raising trends in the space on Tuesday at the Benzinga...

Rescheduling is "not a Panacea to all the problems of the industry" and would not make the issue of oversaturation and lack of investor capital go away, Frank Segall, co-chair of cannabis practice at Blank Rome, told the crowd gathered at the Benzinga Cannabis Capital Conference in Chicago on...

Why Hidden Debt Matters Investors often focus on basic financial figures, but it's essential to consider hidden debt when evaluating a company's true worth.  Insights from Viridian Capital Advisors reveal that overlooked liabilities can significantly change how we view a company’s value...

SNDL Inc (NASDAQ:SNDL), a prominent player in the cannabis industry, has been making headlines with its aggressive loan-to-own strategy. As explained in a recent newsletter from Viridian Capital Advisors, this approach involves acquiring secured debt from cannabis companies, pressuring them into...

Viridian Capital Advisors has released a report comparing the valuations of U.S. multi-state operators (MSOs) and Canadian licensed producers (LPs) with market caps over $100 million. The report reveals that Canadian LPs enjoy significantly higher valuations compared to their U.S. counterparts,...

C21 Investments (OTC: CXXI) and Vext Science (OTC: VEXT) have demonstrated notable financial performance, particularly in cash flow and credit stability. This is significant given the challenges faced by many larger cannabis companies. Despite market caps of $29.98 million for Vext and $33.33...

As the 19th Benzinga Cannabis Capital Conference, returns (Oct. 8-9) in Chicago, gathering top CEOs, investors, and leaders in the cannabis industry, let’s scroll through the latest leadership changes within the space. Get your tickets now before prices go up by following this link. Cannabis...

Despite an overall decline in mergers and acquisitions (M&A) across the cannabis industry, a few states are bucking the trend, showcasing growth and resilience. Recent data from Viridian Capital Advisors provides a comprehensive view of this dynamic sector, highlighting intriguing patterns for...

This week's Viridian Valuation Tracker investigates the valuation metrics of Canadian cultivation and retail companies with market caps over $100M. The focus is on Canopy Growth (NASDAQ: CGC) and Tilray (NASDAQ: TLRY), both of which recently filed $250M At-The-Market (ATM) equity issuance...