Cannabis Company Founder Dilution
Happy Legalization, Canada!
We are regularly asked to comment on forward looking capital structures of young or start-up companies in the Cannabis industry. A primary concern is founder dilution.
Q3 2018 Oil & Gas Transactions
There were 333 transactions in the North American Oil & Gas sector in third quarter of 2018, including 79 private placements, 79 public offerings, 111 mergers & acquisitions, 11 buybacks and 53 shelf registrations, with a total value of C$259.2 billion. Total deal volume decreased by 11% over the third quarter of 2017 and transaction value increased by 50%.
Q3 2018 Metals & Mining Transactions
There were 443 transactions in the North American Metals & Mining sector in third quarter of 2018, including 275 private placements, 25 public offerings, 110 mergers & acquisitions, 4 buybacks and 29 shelf registrations, with a total value of C$19.8 billion. Total deal volume decreased by 13% over the third quarter of 2017 and transaction value decreased by 8%.
September 2018 Cannabis Transactions
There were 60 transactions in the North American Cannabis sector in September 2018, including 32 private placements, 12 public offerings, 14 mergers & acquisitions and 2 shelf registrations, with a total value of C$1.4 billion. Total deal volume increased by 131% over September 2017 and transaction value increased by 411%.
August 2018 Cannabis Transactions
There were 38 transactions in the North American Cannabis sector in August 2018, including 21 private placements, 4 public offerings, 9 mergers & acquisitions and 4 shelf registrations, with a total value of C$5.5 billion. Total deal volume increased by 19% over August 2017 and transaction value increased by 2670%.