The other two companies, Aurora and Aphira, fund their operations by printing shares and devaluing current investors. I consider them to be the spam coin equivalent of the two larger companies. There are dozens of others, these are just four of the largest I consider to be the biggest players.
I should have read all of this before trying for 10 minutes to understand those numbers and how and why they've grown 94.75% in 3 months and 44.17% in six.
But this is really a weird strategy, they are diluting their own shares if so and most of the money goes on acquisitions...
Quote
In January 2018, Aphria agreed to take over Broken Coast Cannabis, for $230 million in cash and stock
January 2018, Aphria agreed to buy Nuuvera, a Brampton-based cannabis company, for $826 million
In July 2018, Aphria announced it would acquire several South American cannabis companies for about $200 million
January 2018, Aphria agreed to buy Nuuvera, a Brampton-based cannabis company, for $826 million
In July 2018, Aphria announced it would acquire several South American cannabis companies for about $200 million
and this is only from wiki which sucks at financial stuff.
I really wonder who is putting that money in, 4 billion investment in a company based in a market that might reach 32 billion by 2022 is a bit of overkill.