Tuesday, March 7, 2017

Viridian Cannabis Deal Tracker for Week Ended 3/3/2017

March 7, 2017 (Investorideas.com Newswire) Viridian Capital Advisors, LLC reports on its weekly Viridian Activity in the Cannabis Industry for the week ending March 3, 2017.
Summary for the Week Ended March 3, 2017
  • Announcements: 17
    • Capital Raises: 9
    • M&A Transactions: 7
    • New Cannabis Fund: 1
  • Year-over-Year:
    • Capital Raises: 5 capital raises closed this week for a total of $73.8 million ($14.8 million average) compared to 5 raises closed for a total of $1.2 million ($0.2 million average) this week last year.
    • M&A Transactions: 1 deal closed this week compared to 1 deal closed this week last year.
  • We have tracked over $260 million in capital raises closed by cannabis companies year-to-date, over $160 million of which was raised by the Cultivation & Retail sector.
Capital Raises
  • Aurora Cannabis, Inc. (TSXV: ACB) closed a C$75 million bought deal financing, one of the single largest capital raises by cannabis companies to-date,
  • Invictus MD Strategies Corp. (CSE: IMH) closed a bought deal financing of C$16.2 million for expansion plans and general working capital purposes.
  • Maple Leaf Green World, Inc. (TSXV: MGW) closed an oversubscribed private placement of C$5.5 million.
  • IC Potash Corp. (TSX: ICP) closed a non-brokered private placement of C$690,200 for R&D of polyhalite as an organic fertilizer for medical cannabis cultivation.
  • Global Hemp Group, Inc. (CSE: GHG) closed a C$75,581 non-brokered private placement for payment of outstanding debt and working capital for project investigation.

Mergers & Acquisitions
  • LSW Holdings, LLC acquired a controlling interest in Rocky Mountain High Brands, Inc. (OTCPink: RMHB) from RMHB's founder and chairman.

Summary of Year-to-Date (YTD) Transactions
Capital Raises
  • We have tracked 54 capital raises totaling $261.0 million.
  • Public versus Private:
    • Public companies: 38 raises totaling $247.2 million
    • Private companies: 16 raises totaling $13.8 million
  • Equity versus Debt:
    • Equity: 42 raises totaling $239.0 million
    • Debt: 12 raises totaling $22.0 million

Mergers & Acquisitions
  • We have tracked 27 M&A transactions.
    • 23 deals by public companies
    • 4 deals by private companies
  • Canadian companies continue to acquire assets in U.S. cannabis markets.
  • M&A activity in Agriculture Technology sector points to continued development and implementation of more advanced growing technologies as cultivators seek to maximize efficiency and to lower costs amid pricing pressure.

Transactions by Sector for Week Ended March 3, 2017
Capital Raises

Agriculture Technology
IC Potash Announces Closing of a Private Placement and Diversification into the Organic Fertilizer Market for Medical Cannabis

Corbus Pharmaceuticals Announces $27.2 Million Registered Direct Offering

Cultivation & Retail
Maple Leaf's Financing Oversubscribed

Aurora Completes C$75 Million Unit Offering

Alliance Executes Term Sheet for $5M to $10M Equity Facility

Global Hemp Group Announces Completion of Second Tranche of Private Placement

Infused Products & Extracts
True Leaf Medicine International Ltd. Announces Regulation A+ Offering

Invictus MD Closes C$16,218,065 Bought Deal Private Placement

Marley Company Raises Financing for Medical Cannabis

Mergers & Acquisitions

Consulting Services
Medicine Man Technologies Agrees to Acquire Pono Publications and Success Nutrients

Cultivation & Retail
Valens GroWorks Terminates LOI

Valens GroWorks Appoints Executive, Finalizes Definitive Agreement to Acquire Supra THC Services

Infused Products & Extracts
Alliance Growers to Invest in Israeli Medical Cannabis Company

Rocky Mountain High Brands Announces Change of Control

Stony Hill Purchases 80% Stake in VitaCBD

CannaRoyalty Secures Revenue Royalty and Product Distribution Agreement through 2024 with Leading California Licensed Medical Cannabis Distribution Company

New Cannabis Fund
Horizons Applies to List Medical Marijuana ETF

To Learn More About the Viridian CANNABIS DEAL TRACKER Contact:
Harrison Phillips
Viridian Capital Advisors, LLC
(212) 485-0284
* Viridian Capital Advisors and its affiliates, as well as their respective partners, directors, shareholders, and employees may have a position in the securities mentioned herein and may make purchases and/or sales from time to time. Viridian Capital Advisors, may act, or may have acted in the past, as a financial advisor, fiscal agent, or underwriter for certain of the companies mentioned herein and may receive, or may have received, a remuneration for their services from those companies.
The Viridian CANNABIS DEAL TRACKER monitors capital raise, mergers & acquisition, joint venture, and licensing activity for both public and private companies in the legal cannabis industry across 12 key sectors, including Agriculture Technology, Biotech/Pharma, Consulting Services, Consumption Devices, Cultivation & Retail, Hemp, Investments/M&A (Holding Companies), Infused Products & Extracts, Miscellaneous Ancillary, Physical Security, Real Estate, and Software/Media.
Leveraging more than 3 years of data that's been collected, segmented, and analyzed, the CANNABIS DEAL TRACKER supports smart decision-making by providing sector-specific actionable intelligence and trend analysis in regard to issuers, investors, acquirers, valuations, deal structures, and deal terms.
The above information whether in part or in its entirety neither constitutes an offer nor makes any recommendation to buy or sell any securities.
About Viridian Capital Advisors, LLC
Viridian Capital Advisors (www.viridianca.com) is a financial and strategic advisory firm dedicated to the cannabis market. We provide market intelligence, investment banking, investor relations, and corporate development services to emerging growth companies and qualified investors in the cannabis sector. Our banking practice, through broker-dealer Pickwick Capital Partners, provides capital and M&A to fund the growth of our clients, while our advisory practice helps to position and build their businesses. Our team’s decades of high level operating and transactional experience on Wall Street in a variety of emerging sectors, allows Viridian to provide comprehensive strategic and financial solutions that assist cannabis enterprises in realizing their full potential.

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