Cannabis Market 2021: US Marijuana Companies Dominate Deal Volume, Raising Capital Faster Than Canadians

The graph displays the volume of capital raises and number of acquisitions Canadian and U.S. companies have completed from 2018-2021 YTD.

The bars on the graph represent the amount of capital Canadian (blue bar) and U.S. (green bar) companies have raised each year since 2018. Canadian companies raised $4.9B in 2018, representing 3.9x the $1.2B that their U.S. counterparts raised. But over the past few years there has been a major changing of the guard, So far in 2021, U.S. companies have raised $5.6B, approximately 1.8x their Canadian counterparts.. U.S. companies have raised more money in the first 8 months of 2021 than in any full year since the Viridian Deal Tracker began. Why?

    • The early capital constraints on U.S. companies have proven a long-term advantage, as sparce capital needed to be more carefully deployed. The U.S. MSOs have achieved strong revenue growth and positive EBITDA as they expand operations in newly legalized …

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