Actionable insights straight to your inbox

Equities logo

Viridian Cannabis Deal Tracker for the Week Ended February 24, 2017

Viridian has tracked over $185 million in capital raises closed by cannabis companies year-to-date.
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, 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.
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, 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.

Over $60 million in capital raises closed this week on top of 3 closed M&A transactions and several other prominent announcements.

Summary for the Week Ended February 24, 2017

  • Announcements: 17
    • Capital Raises: 6
    • M&A Transactions: 5
    • Capital Raise and M&A: 2
    • Capital Raise and Going-Public Transaction: 1
    • Joint Venture: 1
    • New Cannabis Fund: 1
    • Stock Listings: 1
  • Year-over-Year:
    • Capital Raises: 3 capital raises closed this week for a total of $62.9 million ($21.0 million average) compared to 6 raises closed for a total of $6.5 million ($1.1 million average) this week last year.
    • M&A Transactions: 3 deals were closed this week compared to 3 deals closed this week last year.
  • We have tracked over $185 million in capital raises closed by cannabis companies year-to-date, over $100 million of which was raised by the Cultivation & Retail sector.


Capital Raises

  • Aphria, Inc. (TSXV: APH) closed a bought deal financing of C$57.5 million expected to be used for facility expansion and for strategic investments.
  • Harvest One Capital Corp. (TSXV: WON.H) closed a C$25.0 million private placement to be used to finalize the acquisition of United Greeneries Holdings Ltd. and Satipharm AG to bring both companies public.
  • New Maple Holdings Ltd., the parent company of Canwe Growers, Inc., raised C$25,000 as part of a strategic subscription agreement from Alliance Growers Corp. (CSE: ACG) for up to C$375,000.
Week Ended 2.24.17 – Capital Raises by Sector

Mergers & Acquisitions

  • MYM Nutraceuticals, Inc. (CSE: MYM) completed its acquisition of a majority interest in Sublime Culture, Inc., an inspection-stage applicant to become a licensed producer of medical cannabis in Canada.
  • Marapharm Ventures, Inc. (CSE: MDM) acquired 80% of Moringa Cooperative, Inc., a California-based delivery service facilitating and coordinating cannabis transactions between qualified patients and caregivers.
  • ML Capital Group, Inc. (OTCPink: MLCG) acquired a 25% stake in Colorado Highlife Tours, a leading provider of cannabis tours for adults in Colroado.
Week Ended 2.24.17 – M&A Deals by Sector


Summary of Year-to-Date (YTD) Transactions

Capital Raises

  • We have tracked 49 capital raises totaling $187.2 million.
  • Public versus Private:
      • Public companies: 33 raises totaling $173.4 million
      • Private companies: 16 raises totaling $13.8 million
    • Equity versus Debt:
      • Equity: 37 raises totaling $165.2 million
      • Debt: 12 raises totaling $22.0 million
    YTD Capital Raises by Week

    YTD Capital Raises by Sector

    Mergers & Acquisitions

    • We have tracked 26 M&A transactions.
      • 23 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 24, 2017

    Capital Raises

    Agriculture Technology
    Future Farm Subsidiary to Manage Cannabis Oil Extraction Facility, Also Announces C$1,000,000 Non-Brokered Private Placement

    Consumption Devices
    Cannabis Tech Firm Raises Stakes in January Funding

    Lifestyle Delivery Systems Inc. Announces Increase to Previously Announced Brokered Private Placement

    Namaste Announces Increase in Bought Deal to C$7.5 Million

    Cultivation & Retail
    Aphria Announces Closing of Bought Deal Financing

    Investments/M&A
    Green Acre Capital Fund Secures Lead Order for Cannabis Investments

    Mergers & Acquisitions

    Cultivation & Retail
    MYM Closes Acquisition of Majority Interest in Inspection-Stage Licensed Producer Application

    Infused Products & Extracts
    Vinergy Resources/MJ BioPharma to Acquire 65% of Health Canada and FDA Licensed Laboratory to Pursue Drug Testing and Dosage of CBDs, THC, and Terpenes

    Investments/M&A
    Marapharm Ventures Inc. Announces an Acquisition in California

    ML Capital Group Acquires Stake in Colorado Highlife Tours Bolstering $1 Million 2017 Cannabis Tours Forecast

    Invictus MD Announces Definitive Option Agreement with Late Stage Applicant Under the ACMPR


    Capital Raise and M&A

    Consumption Devices
    Namaste to Acquire Australian Vaporizers and Announces C$6.0 Million Bought Deal Financing

    Cultivation & Retail
    Alliance Growers Agrees to Acquire Interest in Licensed Cannabis Producer Applicant Canwe Growers, Inc.


    Joint Venture

    Miscellaneous Ancillary
    Digipath, Inc. Enters into Joint Venture Agreement with Strategic Investor*

    New Cannabis Fund

    Investments/M&A
    An Investment Company is Making Plans to Launch What Could be the First Exchange-Traded Fund to Profit on Marijuana


    Stock Listings

    Investments/M&A
    CannaRoyalty to Begin Trading Today on OTCQB Marketplace


    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.

    The Fed model compares the return profile of stocks and US government bonds.