The Viridian Capital Advisors monitor capital raises and M&A activity in the cannabis industry. Viridian reported 4 more capital raises and $115.2 million higher volume this week than in the prior week.
Compared to the same week last year, there were 3 more transactions and $390M higher volume. This week's average deal size was $39.6M vs. $5.6M in the prior-year period.
7 of the 10 companies that raised capital this week came from the Cultivation & Retail sector, with one from Hemp, Biotech/Pharma, and Infused Products & Extracts.
2 of the M&As in this week's transactions came from the Cultivation & Retail sector with, one from Investments/M&A and one from Hemp. Two of the targets came from Cultivation & Retail sector, one from Infused Products & Extracts and one from Hemp.
Four M&A transactions were completed this week, up from 3 in the prior-year period, with signs of accelerating M&A activity being over $1B of announced deals yet to close.
Show Notes:
Viridian Capital AdvisorsDeal Tracker
https://www.viridianca.com/deal-tracker/cannabis-deal-tracker-week-4-2020
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 647 of The Talking Hedge:
Your cannabis business podcast covering cannabis products, business news, investments & events.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
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