The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Each week the Tracker analyzes/aggregates all closed deals and allocates each transaction to one of twelve key industry sectors in which the deal occurred (from Cultivation to Brands), the region in which the deal occurred (country or U.S. state), the status of the company announcing the transaction (public vs. private) and the type of deal structure (equity vs. debt).
The Viridian Cannabis Deal Tracker provides the deal data/terms/valuations/structures and market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital and M&A strategy. Since its inception in 2015, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,500 capital raises and 1,000 M&A transactions totaling over $45 billion in aggregate value. Find it exclusively on Benzinga Cannabis every week!
INVESTMENT AND M&A ACTIVITY IN THE CANNABIS INDUSTRY
11/23/2020 – 11/27/2020
Transactional Activity: Week 48 ended November 27th, 2020, saw a $158.1 million lower dollar volume with two more transactions vs. the prior week of this year and a 62.4% higher dollar volume with four more transactions vs. the prior-year period. We tracked six capital raise transactions totaling $27.6 million, vs. two transactions totaling $17.0 million during the same week in 2019. The average tranche size was $4.6 million this week, vs. $8.5 million in the prior-year period.
Largest Cap Raise: On November 23rd, 2020, 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF), the second largest competitor in Washington state with a growing presence in Illinois, Massachusetts, Michigan, and California, completed its previously announced bought deal prospectus offering of 24.64 million units at C$0.70 per unit (US$0.54) for total gross proceeds of C$17.25 million (US$13.20 million). Each unit consisted of one common share and one half of a common share purchase warrant with a …