Capital raises this year may have improved over 2023, but according to Viridian Capital Advisors it’s still the second-worst capital raise year since 2018. Year-to-date capital raises for plant-touching companies are up 141% to $972 million versus just $403 million for the same period in 2023. But when you drill down into the numbers, the […]
4.5% – Decline in 2024 EBITDA estimates for publicly traded cannabis companies With the rescheduling of cannabis still on the horizon, analysts with Viridian Capital Advisors expected EBITDA forecasts to rise as 2024 unfolded. But according to new analysis of 16 publicly traded cannabis companies, that expectation is far from reality. In aggregate, the group […]
Illinois craft marijuana producer Cannect Wellness raised $7 million in its second equity funding round, executives told MJBizDaily. According to finance experts, capital raises in the cannabis sector have been slow over the past year, due, in part, to the expense of debt financing. Cannect Wellness’ latest funding round brings the company’s total equity financing […]
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Anthony Coniglio (Courtesy photo) The Federal Reserve’s recent decision to lower interest rates by 50 basis points has reverberated through financial markets, prompting a careful analysis of its implications across all industries. Investors in the battered marijuana industry have […]
