The Meaning of TRST's Market CapMarket cap (Market Capitalization) gives you and indication of how much investors believe TRST is worth.
Market cap calculation: current share price * outstanding shares
Presently, TRST's market cap is $155.48 million, which is the lowest of all LPs, including Hexo, OGI, ACB, APHA, Weed, TGOD, FIRE.
For instance, APHA's market cap is $1.76 billion
Stock price has tanked for obvious reasons:
- Health Canada's suspension of license
- No sales and revenue and earnings for past 6 months and into the foreseeable future
- Risk of TRST being delisted from TSX and NYSE
-CASH burn
-TRST has not released financial statements since March
--EPS was (-12) cents prior to license suspension.
-- Inability of pot sector to meet the STREET's expectations----essentially poor sales and poor earnings.
https://www.investing.com/equities/canntrust TRST's current market cap tells us that purchasing shares at this time is strictly a speculative play at this point in time.