This week’s Viridian Valuation Trackerinvestigates the valuation metrics of Canadian cultivation and retail companies with market caps over $100M. The focus is on Canopy Growth (NASDAQ: CGC) and Tilray (NASDAQ: TLRY), both of which recently filed $250M At-The-Market (ATM) equity issuance programs. ATM Programs & Stock PressureThese programs allow companies to sell shares incrementally at current market prices, offering flexibility and potentially less pressure on stock prices than traditional equity issues. This is possible because ATM programs enable companies to sell shares directly into the…
