Viridian Cannabis Deal Tracker for the Week Ended May 26, 2017

Viridian Capital Advisors  |




Capital Raises

Betting Against Elon Musk Has Not Been Profitable

Mergers & Acquisitions



Capital Raises

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 3.2 deals closed per week from the start of the fourth quarter of 2016 to date in 2017.




Capital Raises

Agriculture Technology
Lafayette Cannabis Growth Solutions Company Raises $500,000


Biotech/Pharma
InMed Announces Pricing of C$5,004,000 Underwritten Financing

Avicanna Closes its First Equity Financing and Announces its Residency at Johnson & Johnson Innovation, JLABS @ Toronto


Cultivation & Retail
Aphria Advances Growth in U.S. Medical Cannabis Market with Completion of Strategic Investment in DFMMJ, and Exclusive Management Agreement with Chestnut Hill Tree Farm LLC


Infused Products & Extracts
Laguna Blends Announces Closing of First Tranche of Private Placement

Jody Hall’s Goodship Edibles Company is Looking to Raise $4 Million


Investments/M&A
Cannabis Wheaton Announces Private Placement of Special Warrants and Convertible Debenture Units

Cannabis Wheaton Announces Revised Offering Size and Expanded Syndicate

Invictus MD Closes C$25,008,750 Bought Deal Private Placement

Liberty Leaf Holdings Closes Financing


Miscellaneous Ancillary
Pot Luck: Hound Labs Raises $8.1 Million to Combat Stoned Drivers with Cannabis Breathalyzers


Mergers & Acquisitions

Agriculture Technology
GrowGeneration Acquires Assets of Seattle Hydro Spot; Opens Northwest Retail Distribution Center


Cultivation & Retail
Easton Pharmaceuticals Announces It Has Signed an LOI to Acquire an Interest in a 45-Acre Parcel for the Cultivation of Medical Marijuana in Toronto, Canada; Wholly Owned Subsidiary, iBliss in Birmingham's UK Vaper Expo

Aurora Acquires German Medical Cannabis Market Leader Pedanios GmbH


Infused Products & Extracts
Wildflower Acquires King Extracts and Gains Access to the California Cannabis Market

Anything Technologies Media Inc's Subsidiary International Sustainability Group Inc, (ISGP), Acquires, iMD Meds, Hydroponics, CBD, and Hemp Energy Protein Bar Division for 125 Million Common Shares


Investments/M&A
SinglePoint Acquires 90% of DIGS, an Online, Retail, and Cannabis Consulting Company


Miscellaneous Ancillary
WEED, Inc. Announces Acquisition of Plant Genomic Research and Breeding Company, Sangre AT, LLC (dba, Sangre AgroTech)


Real Estate
Agritek Holdings, Inc. Announces Execution of Sale and Purchase Transaction of Cannabis Friendly Resort in Quebec, Canada as New Recreational Regulations for Country are Approved


Harrison Phillips
Viridian Capital Advisors, LLC
(212) 209-3086
hphillips@viridianca.com

*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. 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.

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.

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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.

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