Recent research conducted by Viridian Capital Advisors reveals that the cannabis sector requires more capital as compared to other similar industries.
The findings offer a unique perspective into the challenges the cannabis industry faces, especially considering the potential for federal legalization and the subsequent acquisition of interest from other sectors.
Scott Greiper, president & founder of Viridian Capital Advisors, will be a featured speaker at the upcoming Benzinga Cannabis Capital Conference in Chicago from September 27-28. Expect him to delve into this crucial topic during his presentation.
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Breakdown of Companies Surveyed
For this research, Viridian chose to evaluate the capital needs of the cannabis industry against four potential acquirer sectors in the event of federal legalization.
Here's a breakdown:
- Cannabis: Includes nine multistate operators boasting market caps exceeding $100 million.
- Tobacco: Comprises British American Tobacco (NYSE: BTI), Altria Group Inc (NYSE: MO), Philip Morris International (NYSE: PM), and Japan Tobacco (NYSE: JAPAF).
- Alcoholic beverages: Encompasses ABEV (NYSE: ABEV), Brown-Forman (NYSE: BF/B), Constellation Brands (NYSE: STZ), Diageo (NYSE: DEO), and Molson Coors (NYSE: TAP).
- Pharmaceuticals: Features giants like Johnson …