TRSSF - Tier 2 Cannabis Companies: Viridian Capital Advisors Analysis Reveals 'Attractive' Valuations For Public Companies | Benzinga
In a comprehensive report by Viridian Capital Advisors, the spotlight is on the valuations of companies within the U.S. cultivation and retail sector, specifically those boasting market caps ranging from $100 million to $500 million —commonly referred to as ‘Tier 2’ enterprises.
This strategic analysis has been instigated by recent market dynamics, notably the private equity placement undertaken by industry player Planet 13 Holdings Inc. (OTC: PLNHF). It's noteworthy that the present group consists of eight companies, showcasing a reduction from the ten with similar characteristics observed last year.
See Also: Las Vegas-Based Planet 13 Expands Retail Portfolio Into Illinois With Waukegan Dispensary
Despite a 5-week market rally and evolving prospects, valuations persistently linger below the previous year's figures. The median ...