The deals closed this week push year-to-date capital raises by cannabis companies over $100 million.

Summary for the Week Ended February 10, 2017

  • Announcements: 30
    • Capital Raises: 14
    • M&A Transactions:
      11
    • Capital Raise and M&A:
      1
    • Going-Public Transactions:
      2
    • Stock Listings: 2
  • Year-over-Year:
    • Capital Raises: 6 capital
      raises closed this week for a total of $29.2 million ($4.9 million average)
      compared to 7 raises closed for a total of $6.1 million ($0.9 million average)
      this week last year.
    • M&A Transactions:
      5 deals were closed this week compared to 0 deals closed this week last year.
  • We have tracked over
    $100 million in capital raises closed by cannabis companies year-to-date
    .

Capital Raises

  • Emerald Health Therapeutics,
    Inc. (TSXV: EMH), which is, through its subsidiary, a licensed cannabis producer
    in Canada, closed a C$13.8 million bought deal financing for facility expansion,
    working capital, and general corporate purposes.
  • Kalytera Therapeutics,
    Inc. (TSXV: KALY), a developer of cannabinoid-based medicines, closed a C$13.4
    million tranche of its private placement for the acquisition of Talent Biotechs
    Ltd., to complete work required to advance the Talent Biotechs product into
    Phase 2b clinical testing for FDA purposes, and for general corporate and working
    capital purposes.
  • The Green Solution,
    a leader in the U.S. legal cannabis market with licenses in multiple states,
    received a $7.5 million loan facility from iAnthus Capital Holdings, Inc. (CSE:
    IAN) as part of the two companies’ recently implemented strategic relationship.
  • Valens GroWorks Corp.
    (CSE: VGW), a post-inspection applicant for cannabis cultivation and processing
    in Canada, issued a convertible note for proceeds of C$500,000 to meet acquisition
    and expansion obligations and for general corporate purposes.
  • MYM Nutraceuticals,
    Inc. (CSE: MYM), whose primary focus is developing high-end organic medicinal
    marijuana supplements and topical products, closed its C$405,000 non-brokered
    private placement of units for general working capital and corporate purposes.
  • Laguna Blends, Inc. (CSE: LAG),
    a producer of hemp- and CBD-infused products, closed the C$345,850 second tranche
    of its non-brokered private placement.

Week Ended 2.10.17 – Capital Raises by Sector

Mergers & Acquisitions

  • First Harvest Corp.
    (OTCPink: HVST), a platform for tech, media, and gaming, with a focus on the
    cannabis industry, acquired Cannavoices, Inc., a developer of cannabis-focused
    mobile games and social media platforms.
  • Elev8 Brands, Inc. (OTCPink:
    VATE), a company with a new premium hemp seed coffee blend that also plans
    to bring to market hemp water products and supplements, all of which will focus
    on the health and fitness markets, acquired O2 Breathe, LLC, a company supplying
    portable oxygen bars and aromatherapy inhalers.
  • Tokyo Smoke, a leading
    Canadian premium cannabis-oriented lifestyle brand, acquired Van der Pop, a
    like-minded cannabis product and experience brand based in Seattle, WA.
  • CaliPharms, Inc. (OTCPink:
    KGET), a company targeting acquisitions in the cannabis industry, acquired
    a majority interest in Country Junction Farms, a medical marijuana cultivator
    in Northern California.
  • Grow Solutions Holdings,
    Inc. (OTCQB: GRSO) acquired Keys Organic and Hydroponic Supply, a retailer
    of indoor and outdoor growing supplies located in Big Pine Key, Florida.
Week Ended 2.10.17 – M&A Deals by Sector


Summary of Year-to-Date (YTD) Transactions

Capital Raises

  • We have tracked 28 capital
    raises totaling $109.7 million.
  • Public versus Private:
    • Public companies: 24
      raises totaling $96.4 million
    • Private companies:
      4 raises totaling $13.3 million
  • Equity versus Debt:
    • Equity: 21 raises totaling
      $89.1 million
    • Debt: 7 raises totaling
      $20.5 million
YTD Capital Raises by Week

YTD Capital Raises by Sector

Mergers & Acquisitions

  • We have tracked 19 M&A
    transactions.

    • 16 deals by public
      companies
    • 3 deals by private
      companies
  • Canadian companies continue
    to acquire assets in U.S. cannabis markets.
  • 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.
YTD M&A Deals by Week

YTD M&A Deals by Sector


Transactions by Sector for Week Ended February 10, 2017

Capital Raises

Biotech/Pharma
Kalytera Therapeutics, Inc. Announces Closing of First Tranche of Brokered Private Placement

Zynerba Pharmaceuticals Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares


Cultivation & Retail

Aphria Inc. Announces C$50 Million Bought Deal

Maple Leaf Seeks Financing for its MJ Projects

MYM Announces Close of Non-Brokered Financing

The Green Organic Dutchman Holdings Ltd. Announces $10 Million Non-Brokered Financing

Emerald Announces Closing of C$13.8 Million Bought Deal

Valens GroWorks Appoints Chief Operating Officer and Arranges Convertible Note Financing


Infused Products & Extracts

Lifestyle Delivery Systems Inc. Announces Brokered Private Placement of Units

Laguna Blends Over-Subscribes Private Placement and Closes Second Tranche for 2,305,666 Units for Total Proceeds of C$345,850


Investment/M&A

iAnthus Capital and U.S. Cannabis Industry Leader – The Green Solution – Enter into Strategic Partnership and Credit Facility; iAnthus Concurrently Announces Bought Deal Private Placement of Convertible Debentures

iAnthus Capital Announces Upsizing of Previously Announced Bought Deal Private Placement of Convertible Debentures To C$20,000,000

Invictus MD Announces C$15,015,000 Bought Deal Private Placement of Units


Real Estate

INCC Has Received an Institutional Commitment for Marijuana Based Real Estate Debt Financing

Mergers & Acquisitions

Agriculture Technology
GRSO Acquires Keys Organic And Hydroponic Supply; Continues Acquisition Strategy of High Profit Potential Cannabis Companies


Cultivation & Retail

Alliance Growers Executes Founders Agreement with Private LP Applicant

CaliPharms Announces Completion of Cannabis Grow Acquisition — Company Supports Trademarking of Cannabis Products

Tokyo Smoke Acquires Van der Pop, Seattle’s Preeminent Female-Focused Cannabis Lifestyle Brand

THC Signs Definitive Agreement to Purchase Clone Shipper


Consulting Services

BCC Signs LOI to Acquire New Cannabis Assets


Hemp

Elev8 Brands, Inc. Acquires 02 Breathe, LLC


Infused Products & Extracts

ML Capital Group and Puration to Partner on Purchase of Spanish Peaks ScrumpDelicacies in Deal to Include Shareholder Dividend


Investment/M&A

Invictus MD Announces Binding LOI to Acquire 100% of a Late Stage Applicant Under Health Canada’s ACMPR

Invictus MD Announce That AB Ventures Inc. has Acquired 100 Acres for Future Cannabis Cultivation and Sale Under the ACMPR


Software/Media

First Harvest Corp. And Cannavoices, Inc. Announce Completion Of Share Exchange Transaction

Capital Raise and M&A

Cultivation & Retail
Valens GroWorks Launches Expansion Strategy with Proposed Acquisitions, Executive Appointment, and Proposed Financing

Going-Public Transactions

Cultivation & Retail
Newstrike Resources Ltd. Enters into Agreement with HPI Holdings Ltd. to Complete Business Combination and Concurrent Financing Transactions

High Hampton Announces Acquisition of CoachellaGro Corp. and C$5 million Concurrent Financing

Stock Listings

Agriculture Technology
Roto-Gro International Joins ASX List of Cannabis-Tech Companies


Cultivation & Retail

Aphria Receives Conditional Approval to Graduate to the TSX


To Learn More About the Viridian CANNABIS DEAL TRACKER Contact:

Harrison Phillips
Viridian Capital Advisors, LLC
(212) 209-3086
[email protected]

* 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 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, 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.