Viridian Cannabis Deal Tracker: 2017 Begins Slow Coming off Holidays

Viridian Capital Advisors |

Deal flow in the cannabis capital markets begins 2017 slow due to winter and New Year holidays. While few deals closed, numerous announcements were released about deals in progress.

Summary for the Week Ended January 6, 2017

  • Announcements: 14
    • Capital Raises: 7
    • M&A Transactions: 6
    • Dual-Listing: 1
  • 2017 begins with slow week of closed deals, mainly due to slowdowns related to winter holidays and New Year's celebrations.
  • Numerous announcements related to capital raises and M&A deals in progress points to continued activity in cannabis capital markets.
  • Newly-public Canadian licensed producer, Emblem Corp. (TSXV: EMC), announced a C$10.0 million bought deal financing that it subsequently increased to C$13.9 million.
  • Spinoff transaction shows continued trend towards cannabis companies chasing public market valuations.

Capital Raises

  • Kaya Holdings, Inc. (OTCQB: KAYS) received $150,000 through the issuance of convertible notes to a prior investor.
  • United Cannabis Corp. (OTCQB: CNAB) received $35,000 through the issuance of a convertible note to Tangiers Global as part of its commitment fee for the increased funding agreement.
Week Ended 1.6.17 - Capital Raises by Sector

Mergers & Acquisitions

  • We did not track a cannabis M&A deal closing this week, though many announcements have been made regarding deals in progress.

Week Ended 1.6.17 - M&A Deals by Sector


Summary of Year-to-Date (YTD) Transactions

Capital Raises

  • We have tracked 2 capital raises totaling $185,000.
  • Public versus Private:
    • Public companies: 2 raises totaling $185,000
    • Private companies: 0 raises totaling $0
  • Equity versus Debt:
    • Equity: 0 raises totaling $0
    • Debt: 2 raises totaling $185,000

YTD Capital Raises by Week

YTD Capital Raises by Sector


Mergers & Acquisitions

  • We have tracked no closed cannabis M&A transactions thus far in 2017. We expect deal flow to pick up in mid-January.
YTD M&A Deals by Week


YTD M&A Deals by Sector


Transactions by Sector for Week Ended January 6, 2017

Capital Raises

Biotech/Pharma
Arena Pharmaceuticals Form 8-K Detailing Equity Distribution Agreement

InMed Pharmaceuticals, Inc. Announces Non-Brokered Private Placement of C$1,000,000

Cultivation & Retail
Maple Leaf Receives Stage 5 Notice



Emblem Corp. Announces C$10 Million Special Warrant Bought Deal Financing

Emblem Corp. Announces Upsize of its Previously Announced Bought Deal Financing to C$13.9 Million

Kaya Holdings Form 8-K Detailing Financing Agreement

Infused Products & Extracts
Tangiers Global Doubles its Commitment to $10 Million for United Cannabis Corporation

Mergers & Acquisitions

Agriculture Technology
Indoor Harvest Corp and Alamo CBD Enter Into Discussions to Combine and Ultimately Create Medical Cannabinoids Pharmaceutical Group

Infused Products & Extracts
Laguna Continues to Work Towards a Definitive Agreement with Carlsbad

Investments/M&A
ML Capital Group Announces Letter of Intent to Acquire Spanish Peaks Scrumpdelicacies, Entering into the $7 Billion Dollar Cannabis Sector

Anything Technologies Media Inc., Acquires & Restructures International Sustainability Group to Solidify its Algae Protein Bar Business

Sylios Corp. Announces Record Date for Spin-Off of The Greater Cannabis Company, LLC

Miscellaneous Ancillary
Turbine Truck Engines, Inc. to Acquire Novo Healthnet Ltd.

Dual-Listing

Cultivation & Retail
Maple Leaf Co-Lists on OTCQB


To Learn More About the Viridian CANNABIS DEAL TRACKER Contact:

Harrison Phillips
Viridian Capital Advisors, LLC
(212) 485-0284
hphillips@viridianca.com

* 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 and may make purchases and/or sales from time to time. Viridian Capital Advisors, may act, or may have acted in the past, as a financial advisor, fiscal agent, or underwriter for certain of the companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.


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.

Leveraging more than 3 years of data that's been collected, segmented, and analyzed, the CANNABIS DEAL TRACKER supports smart 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 is a financial and strategic advisory firm dedicated to the cannabis market. We provide market intelligence, investment banking, investor relations, and corporate development services to emerging growth companies and qualified investors in the cannabis sector. Our banking practice, through broker-dealer Pickwick Capital Partners, 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
KAYS Kaya Holdings Inc 0.12 -0.00 -1.31 215,009
CNAB United Cannabis Corp 0.65 0.06 9.32 68,219

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