Cannabis Valuations Update

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

Episode 868 of the The Talking Hedge podcast, hosted by Josh Kincaid, titled "Cannabis Valuations Update" was published on November 24, 2021 and runs 4 minutes.

November 24, 2021 ·4m · The Talking Hedge

Summary

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

Episode Description