Viridian Chart Of The Week: Are There Opportunities For Investors In Cannabis Debt?
Portfolio Pulse from Viridian Capital Advisors
Viridian Capital Advisors has released a chart showing credit quality and trading yield for nineteen public U.S. cannabis companies with market caps over $25M. The chart suggests that investors should consider the senior secured cannabis debt market, with stronger credits like Trulieve (OTC:TRUL), Verano (OTC:VRNOF), and Curaleaf (OTC:CURLF) trading between 15% and 16.5%, while weaker credits like AYR (OTC:AYRWF), Columbia Care (OTC:CCHWF), and Jushi (OTC:JUSHF) trade from 20% to 30%. The chart also highlights potential pricing inefficiencies and opportunities for higher risk-adjusted returns in smaller names.
August 07, 2023 | 4:35 pm
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POSITIVE IMPACT
Curaleaf is identified as a stronger credit in the cannabis debt market, trading between 15% and 16.5%.
Being identified as a stronger credit suggests that Curaleaf has a more stable financial position, which could attract investors and potentially increase its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Trulieve is identified as a stronger credit in the cannabis debt market, trading between 15% and 16.5%.
Being identified as a stronger credit suggests that Trulieve has a more stable financial position, which could attract investors and potentially increase its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Verano is identified as a stronger credit in the cannabis debt market, trading between 15% and 16.5%.
Being identified as a stronger credit suggests that Verano has a more stable financial position, which could attract investors and potentially increase its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AYR is identified as a weaker credit in the cannabis debt market, trading between 20% and 30%.
Being identified as a weaker credit suggests that AYR has a less stable financial position, which could deter investors and potentially decrease its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Columbia Care is identified as a weaker credit in the cannabis debt market, trading between 20% and 30%.
Being identified as a weaker credit suggests that Columbia Care has a less stable financial position, which could deter investors and potentially decrease its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jushi is identified as a weaker credit in the cannabis debt market, trading between 20% and 30%.
Being identified as a weaker credit suggests that Jushi has a less stable financial position, which could deter investors and potentially decrease its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80