/biz/ - Business & Finance

>>12688230

Okay you're either really young or retarded or a combination of both and I'm starting to feel bad. Market cap is a rough measure of a company's current value. You were talking about share price in a previous post as if the number mattered. Share price is not an accurate or helpful way to compare companies as the price is dependent on the size of the float, meaning the number of shares outstanding in the market. Market cap = share price x float.

These are the market caps of some of the companies you have mentioned as of today's close (in USD unless otherwise specified):

CRON: $3.508 B
ACB: $7.57 B
CGC: $16.01 B
Tilray: $7.281 B
HEXO: $1.5 B (CAN)

ACB is worth about the same as Tilray right now. CRON is less than half their size. Do you understand why I said share price is meaningless? ACB isn't cheap. There are 998 million shares on the market for the company. That is why the share price is low. Tilray, on the other hand, have only 93 million shares outstanding, which is why their share price is higher.

>>12183675
>>12183677

Fucking goddamn it all to hell. Can we get ONE SINGLE day without bad news here? It's driving me crazy.