Canopy Growth is a cannabis consumer packaged goods (CPG) company which produces, distributes, and sells a range of cannabis, hemp, and CPG products. Co.'s reportable segments are: Canada cannabis, which produces, distributes and sells cannabis, hemp and cannabis products in Canada; Rest-of-world cannabis, which produces, distributes and sells cannabis, hemp and cannabis products internationally; Storz & Bickel GmbH, which produces, distributes and sells vaporizers; BioSteel Sports Nutrition Inc., which produces, distributes and sells consumer packaged goods; and This Works Products Ltd., which produces, distributes and sells beauty, skincare, wellness and sleep products. We show 19 historical shares outstanding datapoints in our CGC shares outstanding history coverage, used to compute CGC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CGC market cap history over the course of time is important for investors
interested in comparing CGC'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 CGC versus a peer is one thing; comparing
CGC 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 CGC can fluctuate over the course of history.
With this page we aim to empower investors researching CGC by allowing them to research the CGC market cap history. |
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Video: The Importance of Market Cap
