Greater Cannabis Co (Greater Cannabis Co) Total Assets : $0.13 Mil (As of Mar. 2024)

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What is Greater Cannabis Co Total Assets?

Greater Cannabis Co's Total Assets for the quarter that ended in Mar. 2024 was $0.13 Mil.

During the past 12 months, Greater Cannabis Co's average Total Assets Growth Rate was -55.60% per year. During the past 3 years, the average Total Assets Growth Rate was -57.90% per year. During the past 5 years, the average Total Assets Growth Rate was -42.00% per year.

During the past 8 years, Greater Cannabis Co's highest 3-Year average Total Assets Growth Rate was -29.10%. The lowest was -57.90%. And the median was -45.00%.

Total Assets is connected with ROA %. Greater Cannabis Co's annualized ROA % for the quarter that ended in Mar. 2024 was -118.03%. Total Assets is also linked to Revenue through Asset Turnover. Greater Cannabis Co's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Greater Cannabis Co Total Assets Historical Data

The historical data trend for Greater Cannabis Co's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Greater Cannabis Co Total Assets Chart

Greater Cannabis Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.05

0.18

0.39

0.28

0.17

Greater Cannabis Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															0.26	0.25	0.21	0.17	0.13

Greater Cannabis Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Greater Cannabis Co's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	-0.661	+	0.834
	=	0.17

Greater Cannabis Co's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-0.706	+	0.839
	=	0.13

Greater Cannabis Co (OTCPK:GCAN) Total Assets Explanation

Total Assets is connected with ROA %.

Greater Cannabis Co's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.18	/	( (0.172	+	0.133)	/ 2 )
	=	-0.18	/	0.1525
	=	-118.03 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Greater Cannabis Co's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (0.172	+	0.133)	/ 2 )
=	0	/	0.1525
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Greater Cannabis Co Total Assets Related Terms

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Greater Cannabis Co (Greater Cannabis Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greater Cannabis Co Inc (OTCPK:GCAN) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Walker Avenue, Suite 101, Baltimore, MD, USA, 21208

Website

https://www.gcanrx.com

Greater Cannabis Co Inc ia a biopharmaceutical company focused on the development and commercialization of innovative cannabinoid therapeutics. The firm focuses on cannabis-related investment and development opportunities through direct equity investments, joint ventures, licensing agreements, or acquisitions and also on commercializing its eluting transmucosal patch platform (ETP) technology. The company's operations are focused on its online store, GCC Superstore. The firm is involved in additional research and development of innovative cannabinoid-based therapeutics.

Executives

Jimmy Wayne Anderson

10 percent owner

501 1ST AVENUE NORTH, SUITE 901, ST. PETERSBURG FL 33701