Better Cannabis Stock to Buy: Tilray or Charlotte's Web?
For both Tilray (NASDAQ: TLRY) and Charlotte's Web (OTC: CWBHF), hemp plays an important part in their growth and overall strategy. But that hasn't exactly made them safe buys. Year to date, these stocks are down more than 50% and they're doing much worse than the Horizons Marijuana Life Sciences ETF (OTC: HMLSF), which is down just 19% thus far in 2020.
Let's take a look at which of these two troubled pot stocks is more likely to right the ship, and which is a better buy today.
A big reason why Charlotte's Web is struggling to attract investors is the company just isn't generating much growth. The Colorado-based company released its first-quarter results on May 14. And in Q1, revenue topped just $21.5 million -- the lowest it's been since the fourth quarter of 2018 when revenue totaled the same amount.
Source Fool.com
