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Benzinga
Benzinga
Business
Viridian Capital Advisors

Cannabis Chart Of The Week: How Illiquid Are Cannabis Companies?

  • Investors are rightfully concerned about cannabis company liquidity in the face of a constricting capital market. To dig into this, we compared adjusted cash balances to current loan and lease obligations.

  • Focusing on the 114 companies in the Viridian Value Tracker database with market caps over $25 million, we found the latest quarterly cash and equivalents, short-term debt, and current maturities of long-term debt, including leases.

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