There were three fewer transactions and a $57.5 million lower volume than the prior week. Compared to last year’s same week, six fewer transactions closed with a $3.2 million higher volume. The average deal size was $28.3 million this week vs. $6.7 million in the same week last year.
The ongoing tumultuous news cycle of war, inflation, new covid strains, etc. was overlaid with a week of relatively disappointing earnings, a delay in the New Jersey rollout, the reintroduction of the MORE Act back to the House, and perhaps most importantly, the announcement of another blockbuster M&A deal, Cresco/Columbia. Amazingly, the cannabis equity market shrugged all of this off to finish the week nearly flat, up 0.43%.
Total capital raises for the first twelve weeks of 2022 total $1.20B, down 74% from $4.56B last year. Reduced equity issuance (down 86% y/o/y in the U.S. and 97% in Canada) was partially compensated for in the U.S. by solid debt issuance (up 401% y/o/y, however, Canada’s debt decline of 93% brought total debt issuance down as well. As the graph below shows, capital raises for the first twelve weeks of 2022 were dominated by U.S. activity. A higher percentage of capital raises came from international locations than we have seen in any recent year’s first quarter.
Show Notes:
Viridian Cannabis Deal Tracker – Week Ending March 25, 2022
https://www.viridianca.com/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 925 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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