The chart shows Viridian Capital Advisors Credit Tracker rankings of credit quality for nineteen public U.S. cannabis companies with market caps over $25M, along with the offered-side trading yield of the company's debt (blue squares) or the effective cost at the closing of the company's 2023 debt issue (orange triangle). Two companies, Columbia Care (OTC:CCHWF) and Trulieve (OTC:TRUL), have more than one trading bond, and we have chosen the one with the lowest offered yield, corresponding to the shortest maturity in each case.
Investors are struggling to decide if the cannabis equity market has finally bottomed...
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