Aurora Cannabis is focused on the production, distribution and sale of cannabis and cannabis related products in Canada and internationally. Co. conducts the following business activities in the jurisdictions listed below: production, distribution and sale of medical and consumer cannabis products in Canada pursuant to the Cannabis Act; distribution of wholesale medical cannabis in the European Union pursuant to the German Medicinal Products Act and German Narcotic Drugs Act; and distribution and sale of hemp-derived cannabidiol products in the United States market. We show 4 historical shares outstanding datapoints in our ACB shares outstanding history coverage, used to compute ACB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACB market cap history over the course of time is important for investors
interested in comparing ACB's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACB versus a peer is one thing; comparing
ACB market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACB can fluctuate over the course of history.
With this page we aim to empower investors researching ACB by allowing them to research the ACB market cap history. |
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Video: The Importance of Market Cap
