Better Buy: Cresco Labs vs. Green Thumb Industries
Many pot stocks are currently trading at the lowest prices they've ever seen. And while some may be destined for even more losses, others could be solid choices for investors willing to take on some risk while waiting for the industry to bounce back. Cresco Labs (OTC: CRLBF) and Green Thumb Industries (OTC: GTBIF) are two of the larger multistate operators in the country, and they're both down about 40% year-to-date, which is worse than the 32% decline the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) has seen during this time. Let's take a closer look at which of these Chicago-based pot stocks deserves more bullishness from investors.
On April 15, Green Thumb released its year-end results for 2019. Revenue totaled $216.4 million for the full year. That's more than triple the $62.5 million the company recorded in 2018.
A big part of Green Thumb's success: a strong retail rollout. On April 13, amid the coronavirus pandemic, the company announced it was opening its 43rd retail store, located in Ohio. But there's even more potential growth ahead as Green Thumb has licenses for 96 retail locations. Currently, Green Thumb's presence spans 12 U.S. markets.
Source Fool.com
