Why Village Farms Is One of the Cheapest Pot Stocks to Buy Right Now
Marijuana stocks are about as risky as ever. In just the past few weeks, multiple companies have announced job cuts and changes to their senior leadership positions, including at the CEO level. There's a lot of turmoil in the industry of late, and investors are understandably spooked. The Horizons Marijuana Life Sciences ETF has lost half of its value over the past six months, and some pot stocks are the lowest they've ever been. One stock that has also fallen hard is Village Farms International (NASDAQ: VFF), down 56% during that time.
But here's why it could still be a great buy.
It's almost been one year since Village Farms began trading on the Nasdaq, and it is nowhere near its $8.90 opening share price on Feb. 21, 2019. Village Farms is currently trading near its 52-week low, which would also technically be its all-time low on the exchange. However, many cannabis stocks are in the same boat. What makes Village Farms different is that, given the impressive sales that the company has amassed thus far, it's a more attractive buy than most pot stocks.
Source Fool.com
