Cannabis Valuations
Cannabis stock prices and valuation multiples have been trending downwards since peaking in mid-February 2021 with multiples fluctuating around 15x.
They spiked upward in February 2021 on renewed hopes of federal legalization and have drifted lower ever since, despite improving profitability and cash generation, proven access to both debt and equity capital markets, strong cash positions, scaled operations, and the near-certainty of legalization, albeit with an uncertain timetable.
The market is likely to get an upward boost from news that the Safe Act will be attached to the America COMPETES (Creating Opportunities to Meaningfully Promote Excellence in Technology) Act of 2022, a domestic spending bill. We doubt that the bill will get any further now than before, but it is likely to give the market a temporary boost.
Viridian Capital Advisors projects Federal legalization in 2025 followed by a spike upward in growth. With legalization, they project two years of increased growth followed by slowing growth for the following years as cannabis normalizes into a regular consumer staple.
The macro headwinds are considerable, but multiples are in excellent value territory. Legalization or banking reform is likely to bring new investors into the cannabis market with positive effects.
Episode 884 The #TalkingHedge looks at Viridian Capital Advisors’ report…
https://youtu.be/HTc_ONWz9Xk
#CannabisIndustry #CannabisData #MarijuanaData #CannabisAnalytics #MarijuanaAnalytics #CannabisSalesData #MarijuanaSalesData
-
3:44:17
SilverFox
10 hours ago🔴LIVE - FPBC #6 - LOTR Fellowship of the Ring - Part 1
35.5K7 -
5:48:49
NeoX5
7 hours agoShocktober 2024: Blair Witch - Part 1 [PC] | Rumble Gaming
47.7K1 -
LIVE
Chi-Town Gamers Livestreams
8 hours agoGears of War: Judgment Ep. 3 W/ KingKMANthe1st & Krysten-The-Kidd #RumbleTakeover
312 watching -
6:14:41
SwitzerlandPlayIT
12 hours agoCastlevania - Lords of Shadow - Gabriel Belmont Knows How To Use His Whip...
58.6K4 -
7:26:43
Scottish Viking Gaming
11 hours agoSunday Funday | Satisfactory Server is up and Running!
81.5K2 -
23:10
Mr. Build It
4 days agoWe don't have the right materials to finish (Ep.3)
91.4K15 -
4:54:04
tacetmort3m
1 day ago🔴 LIVE - HOW ABOUT A TASTE OF FREEDOM TODAY - HELLDIVERS 2
65.3K3 -
7:42
scoutthedoggie
1 day agoM14 EBR Airsoft War Scotland HD
69.1K22 -
48:35
Jamie Kennedy
1 day agoEp. 171 The Left Is Spiraling - Hate To Break It To Ya w/ Jamie Kennedy
55K7 -
42:46
hickok45
15 hours agoSunday Shoot-a-Round # 250
51.9K26