RE:RE:ACB, how the hell is market cap higher than OGII like ACB, but I sold them recently for this same reason. I looked at their number of shares and it looks like they have the highest number outstanding of any marijuana company. Also, their market cap at $4 would make them the second billion dollar industry, up there with Canopy Growth. Now tell me, is this reasonable? If it is, then there's no reason why Organigram isn't at $6 or more and yet still have a lower market cap than ACB currently has.
If these prices hold for companies like Canopy Growth and Aurora, then we should be seeing the market caps of smaller plays growing as well. Although nothing makes a lot of sense lately and we should also consider that there's a lot of novice investors entering the market that don't pay much attention to financials and whatnot. I suspect that's the reason why the marijuana market defies convention because these aren't conventional investors that you're used to.