Viridian Capital’s proprietary Cannabis Credit Tracker utilizes 11 financial and market variables to determine a cannabis company’s credit score, including Liquidity, Leverage, Profitability, and Size. The higher the score, the better the company's credit quality. The Viridian Credit Tracker produces relative credit rankings for all sectors of the cannabis industry.
2022 has not been kind to the stock market in general and the cannabis stock market in particular. YTD, the S&P 500 (NYSE: SPY) is down 7.7%, and the AdvisorShares PureUS Cannabis ETF (NYSE: MSOS) is down 16.3%.
Cannabis experienced a bit of a setback in 2021, with sales dipping in many major U.S. markets compared to the staggering results of the year prior, setting the stage for a new year of potential opportunity and uncertainty.
The Best Daily Overview Of The Cannabis Space
Flora Growth Expands Product Distribution Through Walmart.com and Coppel in Mexico $FLGC
Bad News for commercial cannabis sales in Virginia?
It was another brutal year for cannabis stock investors in 2021 as the U.S. made very little regulatory progress on cannabis reform measures. Fortunately for cannabis stock investors, former hedge fund manager Whitney Tilson says he has high hopes for cannabis stocks in 2022.