Viridian Cannabis Deal Tracker for the Week Ended June 9, 2017

June 14, 2017

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5 min read

Capital Raises

This raise by MedReleaf is the largest IPO in the cannabis industry closed to date.

Mergers & Acquisitions

Capital Raises

Over $1 billion of investment into cannabis-related companies tracked YTD in 2017, approaching the total that was raised in 2016.

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 & Acquisitions

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 from 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 industry.
Average of 1.4 deals closed per week in first three quarters of 2016 compared to 3.3 deals closed per week from the start of the fourth quarter of 2016 to date in 2017.

Capital Raises

Biotech/Pharma
MMJ International Holdings Enters Cannabis Study Agreement with BioInformatics and Genomics Center (BIG) at the University of Buffalo, New York

Cultivation & Retail
MedReleaf Corp. Completes Initial Public Offering

Canadian Cannabis Producer CannTrust Raises C$25.2mm in Private Placement

Hemp
Hempco Food and Fiber Inc. – Private Placement – Operating Capital

Infused Products & Extracts
Golden Leaf Announces Closing of C$2.5 Million Unit Financing*

Investments/M&A
Cannabis Wheaton Provides Update on Private Placement and Related Matters

Cannabis Wheaton Announces Revised Offering Terms and Lead Order News Release

Stony Hill Makes Strategic Investment into High Times

Software/Media
Reliq Health Technologies Announces Non-Brokered Private Placement and Advisory Agreement with Gravitas Securities Inc.

MassRoots Takes Strategic Position in High Times Holdings Corporation

Mergers & Acquisitions

Agriculture Technology
Houston, San Antonio Cos. Update Plans for Cannabis-Focused Merger, Cancel Spinoff

Cultivation & Retail
Out-Of-State Firm Eyes Ohio Investment as Marijuana License Deadline Nears

PUF Ventures Completes Sale of Lithium Asset & Repositions as Pure-Play Cannabis Company

Infused Products & Extracts
Golden Leaf Announces Closing of Acquisition of Cannabis Licenses in Nevada*

Investments/M&A
Platinex Signs Letter of Intent to Acquire Cannabee

General Cannabis Corp. Announces its Acquisition of GC Finance Arizona, LLC

Physical Security
Helix TCS Acquires Security Grade Protective Services, Ltd.

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 [Golden Leaf Holdings Ltd. (CSE: GLH)]. 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 [Golden Leaf Holdings Ltd. (CSE: GLH)].

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.

Viridian Capital Advisors

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.