2 Cannabis Growth Stocks You Can Get for Under $15
Of the 38 cannabis companies tracked by cannabis-centric news and information platform New Cannabis Ventures, only two have similar financial characteristics that set them atop the rest of the multi-state operators (MSOs). And only one has what no other does.
But a slew of obstacles is sending investors running away from cannabis stocks, including underwhelming progress in the fight for federal marijuana legalization, a broad spectrum of supply chain issues, inflation, and rising interest rates. The result is a 71% decline in the cannabis stocks for Trulieve Cannabis (OTC: TCNNF) and Green Thumb Industries (OTC: GTBIF). So, is now a good time to invest in these two MSO stocks that can be had for under $15 each?
Trulieve and Green Thumb boast two of the top-three first-quarter 2022 revenue totals for tracked cannabis companies. Both also have a market cap above $200 million, positive adjusted operating income for the first quarter of 2022, and sequential quarterly revenue growth. Both would have also had year-over-year quarterly revenue growth, but Green Thumb's came in flat.
Source Fool.com
