EXCLUSIVE: Viridian Capital's Scott Greiper On Increasing M&A In Cannabis Space, Trends, SPAC Opportunities

Lowered valuations for companies are leading to a shift in the way capital raises and merger and acquisition activity is occurring in the cannabis space. Viridian Capital Advisors President & Founder Scott Greiper shared the trends that are shifting in the space.

Early Capital In Cannabis: Viridian Capital was the first investment bank in the space in June 2014 at a time when six states were legalized.

“Around $400 million [was] raised that first year, [and] in the first nine months this year, $8.5 billion,” Greiper told attendees at the recent Benzinga Cannabis Capital Conference in New York City. 

Greiper discussed a decline in capital raises and mergers and acquisitions in the space with panelist Javier Hasse, the Managing Director of Cannabis.

“Capital became scarce. Decline in public market …

Full story available on Benzinga.com

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