Cannabis
Valuation, M&A Advisory, and Transaction Opinions for Cannabis Operators Across the US Market
The cannabis sector continues to evolve as a regulated and complex market, with ongoing state-by-state legislative changes, consolidation among multi-state operators, and growing demand for independent valuation and transaction advisory support. Houlihan Capital has served cannabis clients since 2013, providing valuation analysis, M&A advisory, and transaction opinions for operators across cultivation, processing, retail, and ancillary services.
Our team has experience across both public and private cannabis companies, including many of the industry’s leading operators, and structures every engagement around each client’s specific objectives and timeline.
What We Do
Advisory Services for Cannabis Companies
Business Valuations
Independent enterprise valuations for cannabis operators, including state cannabis license and permit valuations, supporting financial reporting, strategic planning, and transaction advisory purposes.
Capital Advisory
Capital raising support for cannabis businesses across the capital structure, including debt and equity placements.
M&A Advisory
Buy-side and sell-side advisory for cannabis industry transactions, including financial modeling, target identification, due diligence, and deal structuring.
Fairness Opinions
Independent fairness opinions for cannabis industry transactions involving related parties or potential conflicts of interest.
Solvency Opinions
Independent solvency analysis supporting leveraged transactions, dividend recapitalizations, and distributions involving cannabis operators.
SPAC Opinions
Independent fairness and valuation opinions supporting SPAC transactions involving cannabis industry targets.
Who We Serve
Serving the Cannabis Sector
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