Cannabis Valuations Update
- Author
- Josh Kincaid
- Published
- Wed 24 Nov 2021
- Episode Link
- http://thetalkinghedgepodcast.com
The highest returning #cannabis sector is Biotech/Pharma which has an estimated 13% gain YTD.
The lowest returning sector is #Hemp with an approximate 45% loss YTD. Sector M&A activity is up sharply 2021 with 31 transactions YTD compared to only 1 in 2020, however, business fundamentals still lag, as #CBD sales in retail have not bounced back to pre-COVID levels.
#AgricultureTechnology is in consolidation mode as evidence by the $653M YTD M&A consideration targeted at the sector but the #stocks have been punished by the slowdown in cultivation impacting several western states including Nevada and California, leading to a 24% YTD loss.
The #Cultivation & Retail is still down by about 7% despite the sharp rally over the last two weeks.
Episode 825 The #TalkingHedge dives into Viridian Capital Advisors' report... https://youtu.be/LlWcEcSxjsA
