Capital Raises
Mergers & Acquisitions
Capital Raises
New structure of capital being brought to Canadian cultivation market through “streaming” arrangements from several new financing groups.Streaming deals borrow structure from mining industry wherein future output is exchanged for upfront capital.
Mergers & Acquisition
M&A activity in the Cultivation & Retail sector has been driven primarily by existing operators seeking strategic acquisitions and synergies to bolster their competitive positioning and increase market share.
Late-stage applicants in Health Canada’s ACMPR system have lately generated additional interest as investors and strategics due to their relatively lower valuations (compared to Canadian cannabis cultivators licensed under the ACMPR).
M&A activity in Agriculture Technology sector points to continued development and implementation of more advanced growing technologies as cultivators seek to maximize efficiency and to lower costs amid pricing pressure.
Activity in Investments/M&A sector follows trend of accelerating M&A activity in cannabis sector.
Average of 1.4 deals closed per week in first three quarters of 2016 compared to 3.2 deals closed per week from the start of the fourth quarter of 2016 to date in 2017.
Capital Raises
Agriculture Technology
Austin Startup Raises $4M to Light up the Cannabis Industry
Cultivation & Retail
MedReleaf C$100mm IPO Ahead
Aphria Announces Closing of C$25 Million Secured Term Loan
Aphria Announces Closing of Bought Deal Financing
Infused Products & Extracts
Cannabics Pharmaceuticals Raises $3,000,000 in Capital Raise Transaction
Investments/M&A
Vinergy Resources Announces USD $200,000 Private Placement
Invictus MD Announces C$20,000,000 Bought Deal Private Placement of Units
Miscellaneous Ancillary
Steep Hill Closes $2 Million Investment Round
Mergers & Acquisitions
Consulting Services
Worlds Online Acquires 100% of MariMed Advisors, Changes Name to MariMed
Medicine Man Technologies Inc. to Acquire Denver Consulting Group
Cultivation & Retail
THC Announces Purchase of Clone Shipper, LLC
PUF Ventures Inc. Issues 500,003 shares for an Additional 9.1% Interest in AAA Heidelberg Inc.
Infused Products & Extracts
Vinergy Resources Ltd. Signs Definitive Agreement to Acquire MJ BioPharma
Investments/M&A
Quinsam Capital and High Standard Royalty Agree to Form Cannabis-Focused Specialty Finance Company
Miscellaneous Ancillary
Kush Bottles Acquires Roll-uh-Bowl.com Domain Further Expanding B2C Online Distribution Platform
Software/Media
Northsight Capital to Acquire Crush Mobile Apps*
Capital Raise and M&A Transaction
Infused Products & Extracts
Luminor Medical to Acquire the Exclusive Canadian Licence for Jamaica BLU Ltd.’s Cannabis Medical and Consumer Products
Capital Raise and Going-Public Transaction
Harrison Phillips
Viridian Capital Advisors, LLC
(212) 209-3086
[email protected]
*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 [*Northsight Capital, Inc.]. 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 [*Northsight Capital, Inc.].
About the Viridian Cannabis Deal Tracker
The Viridian Cannabis Deal Tracker monitors capital raise, mergers & acquisition, joint venture, and licensing activity for both public and private companies in the legal cannabis industry across 12 key sectors, including Agriculture Technology, Biotech/Pharma, Consulting Services, Consumption Devices, Cultivation & Retail, Hemp, Investments/M&A (Holding Companies), Infused Products & Extracts, Miscellaneous Ancillary, Physical Security, Real Estate, and Software/Media.
Integrating more than 3 years of data collection, segmentation, and analysis, the Viridian Cannabis Deal Tracker supports decision-making by providing sector-specific actionable intelligence and trend analysis in regard to issuers, investors, acquirers, valuations, deal structures, and deal terms.
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 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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