(MENAFN- Investors Ideas) June 27, 2017 (Investorideas.com Newswire) Viridian Capital Advisors, LLC reports on its weekly Viridian Activity in the Cannabis industry for the week ending June 23, 2017.
Capital Raises
Mergers & Acquisitions
Summary of Year-to-Date (YTD) Transactions
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 & Acquisitions
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 3.2 deals closed per week from the start of the fourth quarter of 2016 to date in 2017.
Announcements for Week Ended June 23, 2017
Capital Raises
Biotech/Pharma
Chapmans to Make Strategic Investment in Leading Medicinal Cannabis Company, Aunt Zelda's
Cultivation & Retail
Matica Accelerates Construction Plans for Dorval Medical Marijuana Facility
Medical Cannabis Group Raises $4.75 Million
GTI to Invest Millions in Medical Marijuana Operation
Vodis Announces C$5 Million Private Placement Financing
Company Has Six Months to Get Marijuana-Growing Operation in Nemacolin up and Running
Hemp
Hempco Food and Fiber Inc. - Private Placement Offering Update
Investments/M & A
Cannabis Wheaton Announces Offering Update
Software/Media
SinglePoint Completes $1 Million Funding to Continue its BitCoin Cannabis Payment Solutions Development
Reliq Health Announces Closing of Oversubscribed Non-Brokered Private Placement with Gravitas Securities as Exclusive Financial Advisors
Mergers & Acquisitions
Infused Products & Extracts
Lifestyle Delivery Systems Inc. Purchases Ten Acres in Adelanto, California for the Development of a Contract Cultivation Project
Puration Announces Pending Acquisition of $1 Million Annual Revenue Grow Operation with Plan to Expand to $16 Million
MYM Nutraceuticals Acquires CBD Brand 'Joshua Tree
Capital Raise and Joint Venture
Investments/M & A
CannaRoyalty Signs Term Sheet with Institutional Investor for C$12 Million debenture Financing and Formation of Joint Venture
Joint Ventures
Biotech/Pharma
New Medical Cannabis Joint Venture: LeafCann and iCAN: Israel-Cannabis Form iCAN: Australia
Cultivation & Retail
Greengro Signs Cannabis Genetic JV with Acclaimed Plant Geneticist
New Stock Listing
Cultivation & Retail
Nevada-Based Marijuana Grower Plants Seed for Others with Canadian Stock Listing
To Learn More About the Viridian Cannabis Deal Tracker, Contact:
Harrison Phillips
Viridian Capital Advisors, LLC
(212) 209-3086
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. 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.
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 & Amp;Amp;Amp;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 & Amp;Amp;Amp;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 & Amp;Amp;Amp;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.
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