DEALS CLOSED THIS WEEK PUSH CAPITAL RAISED YTD OVER $1 BILLION USD
Mergers & Acquisitions
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 & Acquisition
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 3.1 deals closed per week from the start of the fourth quarter of 2016 to date in 2017.
GrowGeneration Adds $2.0 Million in Growth Capital
Cultivation & Retail
Alliance Growers Reports Milestones Achieved
Infused Products & Extracts
Botanix Completes Tranche 2 of Capital Raising Placement
Mergers & Acquisitions
BCC to Expand U.S. Footprint with Arizona and Maryland Acquisitions
Capital Raise and M&A Transaction
Infused Products & Extracts
StemCell United Ltd. Announces Letter Agreement with iCAN Israel-Cannabis Ltd.
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. 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.
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.
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