Cannabis Market’s Trading Volume Surges Up 292%, Viridian Capital Highlights Mixed Liquidity
A recent analysis by Viridian Capital Advisors provides intriguing insights into the liquidity of cannabis companies, indicating both advancements and setbacks in the sector.
Despite an overall increase in average daily dollar trading volume, some of the industry’s giants are facing liquidity challenges.
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Surge in Trading Volume With Liquidity Caveats
The report points out noticeable increases in trading activity, with all fourteen companies examined showing a higher average dollar volume in 2024 compared to 2023.
The growth in trading volume ranged from 25% for Schwazze (OTC: SHWZ) to a striking 292% for AYR Wellness (OTC: AYRWF).
This surge comes amidst a firmer cannabis equity market and anticipations of a transition to Schedule 3, suggesting …