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Viridian Chart Of The Week: Are There Opportunities For Investors In Cannabis Debt?

Benzinga ·  Aug 7, 2023 12:35

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.

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Investors are struggling to decide if the cannabis equity market has finally bottomed...

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