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Year-Over-Year Cannabis Capital Raises Nearly Triple in Value

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Capital raises in the cannabis industry may be roughly the same in terms of absolute numbers, but the data shows the amount being raised has grown significantly.

In August, the number of closed capital raises was 38, one fewer than the corresponding month last year, but the amount raised totaled $972.8 million, compared with $369.3 million.

The average size of each raise was $25.6 million in 2019, compared with $9.5 million a year ago.

In terms of M&A transactions, 24 deals were completed in August compared with 26 in the same month in 2018.

This monthly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis, and trends based on recent market moves.

The data below, provided by Viridian Capital Advisors, is through the end of August.

Raises focused on cultivation and retail, larger public equity raises this year

Cultivation and retail continue to dominate M&A in August

Acquisition activity in the M&A sector has been boosted by a couple of factors.

The sector, among the most established in the industry, is facing consolidation, even as multistate operators expand into new markets.

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