Viridian Cannabis Deal Tracker for the Week Ended May 5, 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 as 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 sector.
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.



Capital Raises

Biotech/Pharma
Teewinot Life Sciences Corporation, a Global Leader in Pharmaceutical Cannabinoid Production, Secures $12.3 Million Series B Round

Nemus Bioscience Announces $20 Million Series E Preferred Stock Financing


Consulting Services
BCC Secures US$25 Million Credit Facility to Fuel Further Expansion, Closes Book on Equity Private Placement


Cultivation & Retail
Harvest One Cannabis Inc. Announces New Agreements With PanCann Streaming Corp to Advance the Construction of Their Lucky Lake Facility and a New Additional Facility

Alliance Growers Provides Financing Update

Aurora Completes C$75 Million Debenture Offering

Cann Group Lists on the ASX in AUD $13.5m IPO

Maple Leaf Has Closed Its C$7.2 Million Private Placement

Cannabco Pharmaceutical Corp. Secures C$24 Million in Capital for Build Out of Its Cannabis Cultivation Facilities

MYM Announces Non-Brokered Private Placement

Maricann Secures C$42,500,000 Non-Dilutive Financing for Further German Expansion

Beleave Announces Non-Dilutive Interim Streaming Agreement with PanCann to Finance Construction of a Proposed Second Production Facility

Alliance Growers Closes First Tranche of Private Placement


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

Hempco Food and Fiber Announces Additional Exemptions for Private Placement


Infused Products & Extracts
Mentor Capital Again Invests in G FarmaLabs Success

True Leaf Announces Private Placement

Golden Leaf Announces Terms of Private Placement*


Investments/M&A
EVE Capital Raising Completed


Miscellaneous Ancillary
Nutritional High Announces an Update in Respect to Aura Health Corp.



Mergers & Acquisitions

Consulting Services
BCC Expands into Second Adult-Use Market


Consumption Devices
Namaste Closes Acquisition of Cannmart Inc.

Lifestyle Delivery Systems Inc. Provides Corporate Update and Announces Binding Definitive Agreements for Medicinal Marijuana Cultivation and Manufacturing Operations in California and a License Agreement for Technologies for Improved Cannabis Infused Oral Delivery Strips


Cultivation & Retail
Tweed Grasslands: Creating Jobs and Economic Growth in Saskatchewan


Infused Products & Extracts
Real Brands, Inc. Enters into a Binding Letter of Intent with CBD Pharmacy, Inc. to Acquire All of Their Assets

Easton Pharmaceuticals Announces Signing LOI For The Acquisition Of Revenue Producing, Israel Based Therapeutics Company, Herbs Of Kedem


Investments/M&A
Marapharm Ventures Inc. Announces the Acquisition of a Second Property with Approved Conditional Use Permit (CUP) Located in Desert Hot Springs, California, for Cannabis Cultivation

American Cannabis Innovations Conglomerated to Acquire North American Cannabis Holdings and Puration


Miscellaneous Ancillary
Acology in Talks to Acquire EZ Health Solutions, Intends Strong Bid into CBD Industry

Kush Bottles Acquires CMP Wellness, a Premier Distributor of Vaporizers, Cartridges and Accessories

Canabo Announces New Partnership Agreement with Aviva Medical Securing Additional Clinics and Access to 15,000 New Patients

Alternate Health to Acquire Florida-based Neubauer Hyperbaric Neurological Center for Advanced Cannabinoid Testing and Clinical Study


Real Estate
FutureLand Enters into an Agreement to Acquire 40% Stake in LCS-GLeaf LLC, a Company Which Specializes in TeleMedicine and the Issuance and Distribution of lifestyle Prepaid Debit Cards

Innovative Industrial Properties to Acquire Maryland Property and Enter Into Long-Term Lease with Holistic Industries


Software/Media
Canna Consumer Goods Acquires LoudMouth Media

Eco Science Solutions, Inc. Signs Letter of Intent to Acquire Specialty Banking Operation



Capital Raise and M&A Transaction

Cultivation & Retail
Future Farm Provides Update on C$3 Million 10-Acre Florida Greenhouse Acquisition



Capital Raise and Going-Public Transaction

Cultivation & Retail
ABcann Global Announces Closing of Qualifying Transaction and Concurrent Financings



Capital Raise and Stock Uplisting

Cultivation & Retail
Maple Leaf Announces Upsize to Private Placement Financing and Conditional Approval from the TSX Venture Exchange



Joint Venture

Infused Products & Extracts
GVCL Ventures, Inc. dba Global Vision Cannabis Life, Enters the Cannabis, Hemp, and Cannabinoid Industry Finalizing a Joint Venture with Bay Islands Company


Software/Media
Lifespot Health Ltd. Enters $50B Global Medicinal Cannabis Market with World Leading Technology JV



New Cannabis Fund

Investments/M&A
Cambria Investment Management Files with SEC for Cannabis ETF



New Stock Listing

Cultivation & Retail
TerrAscend Announces Approval for Listing on the Canadian Securities Exchange and Stock Option Grant

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 [*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.

Stock price data is provided by IEX Cloud on a 15-minute delayed basis. Chart price data is provided by TradingView on a 15-minute delayed basis.

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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