Post by
hevin on Aug 14, 2020 10:59am
An alternative opinion on market cap....
because market cap is just the # of shares a company has X the current share price, imho it is meaningless (sorry this will upset some), and has no bearing on the real value of a company. There have been many a company with ginormous market caps, which went bankrupt; investors unfortunately forget to look at the fundamentals, the MOST important thing. Look at the massive market caps of some of the other canna companies which we know are failing, taking losses and bleeding money like a major artery has been cut. Meanwhile, Apha has 5 ebitda positive quarters and is increasing market share. We had the most revenue too. Yet our market cap is relatively small. Evidence market cap has nothing to do with value.
In other words, if market cap had anything to do with value, ours would and should be higher than canopy's.
This doesn't mean I don't respect the other posters!
glta real investors
Comment by
DSEEGS on Aug 14, 2020 2:49pm
Cash on Hand also justifies market cap . So if Canopy had 4 billion injected from Constellation Brands that certainly justified a 8 billion market cap . Something to also think about.