Better Buy: OrganiGram vs. Aurora Cannabis
If you're looking for two cheap pot stocks to buy, Aurora Cannabis (NYSE: ACB) and OrganiGram Holdings (NASDAQ: OGI) could be good options. They've both struggled in 2020, with Aurora down 54% year to date and OrganiGram falling by 39%. At reduced prices, they could be attractive buys for contrarian investors who are willing to take on some risk.
Let's take a look at which of these stocks is a better fit for your portfolio today.
Aurora's been one of the riskier buys in the cannabis industry, but there's hope that the Alberta-based cannabis producer is turning things around. In the company's third-quarter results, which Aurora released on May 14, Aurora recorded net sales of 75.5 million Canadian dollars. It's a nice bounce back from what was a troubling second quarter when its net revenue came in at just CA$56 million, which was lower than what it reported in each of the previous three quarters.
Source Fool.com
