GWPH - 2 Dirt-Cheap Cannabis Stocks to Buy Right Now
The coronavirus pandemic has sent cannabis stocks and the markets as a whole into freefall over the past few weeks. And while that's unnerving for investors who have seen nothing but red, it's also a great buying opportunity with many stocks trading around all-time lows.
There are a couple of cannabis stocks that stand out today as attractive buys right now. Let's take a look.
Aphria (NYSE: APHA) is an example of a stock that's not just at a 52-week low, but that's also trading at its lowest level since debuting on the NYSE in November 2018. Over the past 12 months, its share price is down around 75%, on par with the decline of the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) over the same period. It's a drop that's in line with its peers, but Aphria has been a bit of a standout in recent quarters, performing much better than the average cannabis stock.