Cronos Group is a cannabinoid company. Co. reports through two segments: U.S., which consists of the manufacture and distribution of U.S. hemp-derived cannabidiol infused products; and Rest of World, which is involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. In the U.S., Co. markets and distributes U.S. hemp-derived cannabinoid supplements and cosmetic products under the brands Lord Jones®, Happy Dance® and PEACE+™. In Canada, Co. sells a variety of cannabis and cannabis products under its wellness platform, PEACE NATURALS®, and under its adult-use brand, Spinach®. We show 20 historical shares outstanding datapoints in our CRON shares outstanding history coverage, used to compute CRON market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CRON market cap history over the course of time is important for investors
interested in comparing CRON'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 CRON versus a peer is one thing; comparing
CRON 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 CRON can fluctuate over the course of history.
With this page we aim to empower investors researching CRON by allowing them to research the CRON market cap history. |
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Video: The Importance of Market Cap
