Is Canopy Growth the Best Pot Stock to Buy Right Now?

Canopy Growth Corporation (NYSE: CGC) reported better-than-expected fiscal 2020 third-quarter results last Friday. In turn, the market bid the pot titan's stock up by a healthy 13.4% on extremely heavy volume. Heading into Canopy's latest quarterly earnings, however, Wall Street's expectations were rather subdued, thanks to Aurora Cannabis' (NYSE: ACB) awful fiscal 2020 second-quarter results released the day before on Feb. 13. In short, Canopy was widely expected to underperform due to many of the same industrywide issues -- such as the dearth of retail outlets in key provinces and the slow introduction of high-margin derivative products -- plaguing Aurora at the moment.

What these back-to-back earnings reports made painfully clear, though, is that Canopy and Aurora are now on markedly different trajectories. Canopy has started to emerge as the undisputed king of the Canadian legal cannabis market, whereas Aurora is hanging on for dear life. With Canopy separating itself from the pack, should value and growth investors alike take a flier on this speculative pot stock? Let's break down the company's core value proposition to find out.

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Source Fool.com