Revisiting Valuation Multiples for Cannabis Companies
Recreational cannabis is just a few months away from being legalized in Canada, and producers (HMMJ) are running at full bore to capture a piece of the market. Let’s revisit the valuation multiples of the most active cannabis players. Looking at the median of only Canadian cannabis producers—including Canopy Growth (WEED), Aurora Cannabis (ACB), MedReleaf (MEDFF), Cronos (CRON), and others mentioned in the chart—we see a similar trend.