HEXO is in the business of producing, marketing and selling cannabis from its facilities in Quebec, Ontario, British Columbia, Nova Scotia and New Brunswick, Canada. Co. provides a range of dried cannabis and cannabis-derived products, including: Dried Cannabis, in which Co. provides dried cannabis products across its brand portfolio; Pre-rolls, in which Co. provides various dried flower strains in pre-roll format; Vapes, in which Co. provides a range of vape products under the HEXO brand and HEXO FLVR sub-brand; and Oils and Capsules, which in Co. provides Cannabidiol (CBD) Softgels, featuring 25mg of CBD with little to no Tetrahydrocannabinol. We show 3 historical shares outstanding datapoints in our HEXO shares outstanding history coverage, used to compute HEXO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HEXO market cap history over the course of time is important for investors
interested in comparing HEXO'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 HEXO versus a peer is one thing; comparing
HEXO 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 HEXO can fluctuate over the course of history.
With this page we aim to empower investors researching HEXO by allowing them to research the HEXO market cap history. |
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Video: The Importance of Market Cap
