CURLF - 1 Pot Stock That's a Hotter Buy Than Aurora and Canopy Growth
Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC) are two of the biggest names in the cannabis industry today. And they're probably among the first names that come to mind when thinking of the industry, but that doesn't make them great buys. Both companies have struggled with profitability and growing their sales in recent quarters. Although they still have tremendous potential, they're also very risky stocks to own. Investors are better off buying shares of Curaleaf Holdings (OTC: CURLF), and here's why.
On May 20, the Massachusetts-based company released its amended quarterly results for the first quarter of 2020. In Q1, its total revenue of $96.5 million grew by 28% from the previous quarter and increased 174% from a year ago. By comparison, Aurora generated just 75.5 million Canadian dollars in its third-quarter results, while Canopy Growth reported quarterly revenue of CA$107.9 million in the results it released on May 29th.
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