Cannabis financing Series 4: US investors largest cannabis funders

In 2018, Cannabis and related companies from Canada, USA foreign countries raised CDN $16 billion in equity and debt financing. Where did all this money come from?

In 2018, $10 billion cannabis investments (62% of the $16 billion total) can be traced back to funding sources.

In addition to Canadian and US investors, investors from 99 other countries participated in 2018 financings. US investors led with $6.03 billion (61%), almost doubling of the total amount invested by Canadian investors which amounted to $3.1 billion.

Top ten deals account for 50% of total amount in 2018

Top ten cannabis deals, all with size of $200 million or more, raised $8.07 billion accounting for 50% of the total amount raised.

Ranking

Company

Symbol(s)

Type of Financing

1

Canopy Growth Corporation

TSX: WEED; NYSE: CGC

Private Placement

2

Curaleaf Holdings, Inc.

CSE: CURA; OTCQX: CURLF

RTO Financing

3

Canopy Growth Corporation

TSX: WEED; NYSE: CGC

Debt Financing

4

Tilray, Inc.

NASDAQ: TLRY

Debt Financing

5

Acerage Holdings, Inc.

CSE: ACRG.U; OTCQX: ACRGF

RTO Financing

6

Harvest Health & Recreation Inc.

CSE: HARV; OTCQX: HRVSF

RTO Financing

7

Aphria Inc.

TSX/NYSE: APHA

Public Offering

8

Aurora Cannabis Inc.

TSX/NYSE: ACB

Public Offering

9

Tilray, Inc.

NASDAQ: TLRY

IPO Financing

10

Canopy Growth Corporation

TSX: WEED; NYSE: CGC

Public Offering

The full report can be downloaded from financings.ca reports

Supporting data sheet for 2016 to 2018 can be purchased from CPE Media, contact us for details
Included: 1) monthly trends; 2) exchanges/private; 3) equity vs debt; 4) HQ with a full detailed listing; 5) major assets with a full detailed listing; 6) top 10 funding sources with a full detailed listing (2018 only); 7) 2018 top ten deals with investor or major jurisdiction investor information.