Capital Raises
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
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
MYM Announces Non-Brokered Private Placement
Maricann Secures C$42,500,000 Non-Dilutive Financing for Further German Expansion
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.
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
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
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
[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.
