Infographic: Cannabis Venture Capital Highlights from July-October 2019

A lot has happened in cannabis since July 2019. That’s why the team at Canopy Rivers decided to dive deep into data powered by PitchBook to examine some big trends at the intersection of venture capital and cannabis. With the Cannabis Venture Capital Infographic, we hope to provide more clarity on private capital financing as the industry evolves.

So, what are the highlights?

PitchBook data shows that the amount of capital invested in cannabis-related deals has been steadily increasing since 2016. Notably, LeafLink’s US$35M Series B ranks among the top deals (by size) that took place between July and October 2019. However, metrics including median deal size and median company valuations appear to have tapered off in recent years. We see these changes as encouraging signs for the cannabis industry as the industry shifts away from high valuations that induce volatility and diminish long-term value. While the data shows that Canada and the U.S. continue to drive the majority of venture capital deal flow, it also suggests that more activity could flow to European cannabis markets in the near-term.

This is not an offer to sell or a recommendation to trade in any securities. This document contains data obtained from third parties that Canopy Rivers has not independently verified. This document also contains forward-looking information within the meaning of Canadian securities law, which is based on certain assumptions. While management believes these assumptions are reasonable based on information available as of the current date, they may prove to be incorrect. Many assumptions are based on factors outside of Canopy Rivers’ control and actual results may differ materially from current expectations. Forward-looking information involves risks, including, but not limited to, the risk factors set out in Canopy Rivers’ most recent Management’s Discussion and Analysis and Annual Information Form. You should not place undue reliance on forward-looking information. Except as required by applicable law, Canopy Rivers assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances.