Viridian Cannabis Deal Tracker for the Week Ended March 3, 2017

March 7, 2017

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5 min read

Nearly $75 million in capital raises closed, including a C$75 million bought deal by Aurora Cannabis, Inc. (TSXV: ACB), one of the largest capital raises by a cannabis company to date.

Summary for the Week Ended March 3, 2017

Announcements: 17
- Capital Raises: 9
- M&A Transactions: 7
- New Cannabis Fund: 1
Year-over-Year:
- Capital Raises: 5 capital raises closed this week for a total of $73.8 million ($14.8 million average) compared to 5 raises closed for a total of $1.2 million ($0.2 million average) this week last year.
- M&A Transactions: 1 deal closed this week compared to 1 deal closed this week last year.
We have tracked over $260 million in capital raises closed by cannabis companies year-to-date, over $160 million of which was raised by the Cultivation & Retail sector.

Capital Raises

Aurora Cannabis, Inc. (TSXV: ACB) closed a C$75 million bought deal financing, one of the single largest capital raises by cannabis companies to-date,
Invictus MD Strategies Corp. (CSE: IMH) closed a bought deal financing of C$16.2 million for expansion plans and general working capital purposes.
Maple Leaf Green World, Inc. (TSXV: MGW) closed an oversubscribed private placement of C$5.5 million.
IC Potash Corp. (TSX: ICP) closed a non-brokered private placement of C$690,200 for R&D of polyhalite as an organic fertilizer for medical cannabis cultivation.
Global Hemp Group, Inc. (CSE: GHG) closed a C$75,581 non-brokered private placement for payment of outstanding debt and working capital for project investigation.

Week Ended 3.3.17 – Capital Raises by Sector

Mergers & Acquisitions

LSW Holdings, LLC acquired a controlling interest in Rocky Mountain High Brands, Inc. (OTCPink: RMHB) from RMHB’s founder and chairman.

Week Ended 3.3.17 – M&A Deals by Sector

Summary of Year-to-Date (YTD) Transactions

Capital Raises

We have tracked 54 capital raises totaling $261.0 million.
Public versus Private:
- Public companies: 38 raises totaling $247.2 million
- Private companies: 16 raises totaling $13.8 million
Equity versus Debt:
- Equity: 42 raises totaling $239.0 million
- Debt: 12 raises totaling $22.0 million

YTD Capital Raises by Week

YTD Capital Raises by Sector

Mergers & Acquisitions

We have tracked 27 M&A transactions.
- 23 deals by public companies
- 4 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 March 3, 2017

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 collection, segmentation, and analysis, the Viridian 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, 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.

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.