280E

Third-quarter earnings have been released for all companies in the Viridian Chart of the Week. Equity prices have had an opportunity to react to the news (or not).  The orange line in the chart shows the EV/ 2024 Consensus EBITDA estimates—the enormous range from 1.63x for Cansortium...

One of the most important results of the potential rescheduling of cannabis to Schedule 3 is eliminating 280e taxes. In previous charts of the week, we have shown that 280e significantly negatively impacts cannabis companies by reducing their internally funded growth and limiting their debt...

Last Week’s Viridian Chart of the Week explored the relative capital intensity of cannabis compared to other industries that cannabis, including alcohol, tobacco, pharmaceuticals, and CPG. The results established that cannabis is the most capital-intensive of these industries in terms of...

Acreage Holdings, Inc. (CSE: ACRG, ACRG.B.U) (OTCQX: ACRHF, ACRDF) reported its financial results Wednesday afternoon for the second quarter ended June 30, 2023. "I am pleased with the progress we made in the second quarter on our continued efforts to drive meaningful revenue...

In honor of Independence Day, the Viridian Capital Chart of the Week explores the impact of IRS Rule 280e, the most egregious tax leveled on any American industry, posing an existential threat to even some of the largest MSOs. We collected consensus estimates of 2023 cash flow from operations and...

While the nature, extent and timing of U.S. cannabis policy reform remains in limbo, a federal excise tax is inevitable and with that (if not before) the elimination of the 280E tax burden.  The Democrats suggest a 25% excise tax (Cannabis Administration & Opportunity Act CAOA )...

KEY POINTS:  While the nature, extent and timing of U.S. cannabis policy reform remains in limbo, a federal excise tax is inevitable and with that (if not before) the elimination of the 280E tax burden.  The Democrats suggest a 25% excise tax (Cannabis Administration &...