In today’s episode of The Corner Office Podcast by AROYA, host Greg Dunaway sits down with Frank Colombo, Managing Director and Director of Data Analytics at Viridian Capital Advisors. As one of the most trusted names in cannabis investment, Frank brings decades of credit research and valuation expertise to help demystify the complex financial landscape of the industry.

Greg and Frank dive into the looming “debt cliff” of 2026, discussing which major operators are successfully navigating refinancing and which face more significant risks. They unpack the controversial strategy of accruing uncertain tax liabilities related to 280E—a move used by many large MSOs to preserve cash flow—and explore Frank’s proprietary credit scoring system that ranks companies based on liquidity, leverage, profitability, and size.

Frank also provides a masterclass in industry risk by comparing the current state of cannabis to the historical cycles of the airline industry, highlighting why consolidation is the key to mitigating brutal price compression. Looking ahead, he shares his bold outlook for 2026 as a potential turnaround year driven by new state markets like Virginia and Pennsylvania, while offering a candid take on the regulatory “Wild West” of the hemp market.