M&A and Capital Raises in the Cannabis Industry

Capital raise activity jumped upward based on renewed hopes of enacting the Safe Act. Total capital raises for the first five weeks of 2022 total $766M, down 48% from last year's total.

The average capital raise was $46.8 million last week versus $13.4 million in the same week last year.

2022 M&A activity is up about 83.6% from 2021, with $1.12BM in transactions. Nine M&A transactions closed with a total transaction value of $617.5M compared to five deals for $24.4M in the prior year.

Four transactions greater than $100M account for 81% of YTD closed deals, including this week's $445M Leafly despacking transaction and a $137M acquisition of a German Biotech company.

Episode 891 The #TalkingHedge looks at Viridian Capital Advisors report...
https://youtu.be/itDXcMhB7gI