CANNABIS DEAL TRACKER for Week Ended June 21, 2019 - Investment and M&Amp;A Activity in the Cannabis Industry
June 27, 2019 (Investorideas.com Newswire) CANNABIS DEAL TRACKER: Key Insights & Takeaways for Week Ended June 21, 2019
Capital Raises
- Leading U.S. operators, particularly those with profitable operations, continue raising debt capital to fuel expansion while avoiding dilution - See Trulieve's raise
- Cannabis media and education platforms raise capital as consumers continue entering cannabis and hemp markets, providing opportunities to educate, break stigma, and advertise - See Green Flower and MediaJel's raises
- Canadian LPs focused on processing and retail (less or no focus on cultivation) continue raising capital to prepare for the launch of infused products and the continued roll-out of private storefronts in Canada, respectivel - See MediPharm's and High Tide's raises
Mergers & Acquisitions
- Usage of special purpose acquisition vehicles (SPACs) increases as companies seek accelerated pathways to public listings outside of the reverse mergers/takeovers that have been utilized significantly to date - See MTech's acquisition of MJ Freeway
- Acquisitions of companies in high-value adult-use states continue as firms seek to capture market share and near-term profits - See Surterra's acquisition of NETA and ManifestSeven's acquisition of M Delivers
Acquisitions of companies oversees continue as operators seek to capture lower-cost supply or additional demand - See Khiron's acquisition of NettaGrowth and Vireo's acquisition of licenses in Puerto Rico
Summary for the Week Ended June 21, 2019
Capital Raises
Mergers & Acquisitions
Summary of Year-to-Date Transactions
Capital Raises
Capital Raises by Week
Capital Raises by Sector
Mergers & Acquisitions
M&A Activity by Week
M&A Activity by Sector
To Learn More About the Viridian Cannabis Deal Tracker, Contact Us:
Viridian Capital Advisors, LLC
contact@viridianca.com
*Disclaimers
The information contained herein is for informational purposes and is not intended as a research report. It should not be construed as Viridian recommending investment in cannabis companies or as a solicitation to buy or sell any security or engage in a particular investment strategy. Investment in cannabis companies entails substantial risk. Before acting on any information, you should consider whether it is suitable for your particular circumstances and consult all available material, and, if necessary, seek professional advice.
Viridian Capital Advisors and its affiliates, as well as their respective partners, directors, shareholders, and employees, may have a position in the securities mentioned herein or may make purchases and/or sales from time to time. Viridian Capital Advisors, through broker-dealer services provided by Pickwick Capital Partners, LLC, (Member FINRA/SIPC), may act, or may have acted in the past, as a financial advisor to certain companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.
The above information whether in part or in its entirety neither constitutes an offer nor makes any recommendation to buy or sell any securities.
About the Viridian Cannabis Deal Tracker
The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry.
Analyzing invested capital and M&A activity within 12 key industry sectors (from Cultivation to Real Estate), the Viridian Cannabis Deal Tracker provides cannabis companies, investors, and acquirers with the data, trends, and intelligence they need to make informed decisions regarding valuations, deal terms, and deal structures.
Since its inception, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,100 capital raises totaling over $24 billion as well as more than 700 M&A transactions.
About Viridian Capital Advisors, LLC
Viridian Capital Advisors (www.viridianca.com) is a financial and strategic advisory firm dedicated to the cannabis market. We are a data- and market intelligence-driven firm that provides investment banking, M&A, corporate development, and investor relations services to emerging growth companies and qualified investors in the cannabis sector. Our banking practice, through broker-dealer Pickwick Capital Partners, LLC (Member FINRA/SIPC), provides capital and M&A to fund the growth of our clients, while our advisory practice helps to position and build their businesses. Our team’s decades of high level operating and transactional experience on Wall Street in a variety of emerging sectors, allows Viridian to provide comprehensive strategic and financial solutions that assist cannabis enterprises in realizing their full potential.
Marijuana remains illegal under federal law. The Federal Government does not recognize marijuana to have any medicinal values. Marijuana cultivation, possession, consumption, sales, and distribution are illegal under federal laws and also certain state laws. Please note that there are differences in marijuana laws from one state, county, or city to another.
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