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The highest returning cannabis sector is Biotech/Pharma which has an estimated 13% gain YTD.
The lowest returning sector is Hemp with an approximate 45% loss YTD. Sector M&A activity is up sharply 2021 with 31 transactions YTD compared to only 1 in 2020, however, business fundamentals still lag, as CBD sales in retail have not bounced back to pre-COVID levels.
Agriculture Technology is in consolidation mode as evidence by the $653M YTD M&A consideration targeted at the sector but the stocks have been punished by the slowdown in cultivation impacting several western states including Nevada and California, leading to a 24% YTD loss.
The Cultivation & Retail is still down by about 7% despite the sharp rally over the last two weeks.
Show Notes:
Industry Sector YTD Returns and Valuation Multiples
https://www.viridianca.com/chart2
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 825 The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
The post Cannabis Valuations Update appeared first on HumanitasConnects.
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