The cannabis stock bubble has burst. There's no denying it in light of the industry's dreadful performance over the prior six months. Industry heavyweights Aurora Cannabis and Cronos Group, after all, have lost over half their value since the end of the first-quarter. Moreover, Canopy Growth also saw its shares dip by a whopping 47% during this period, despite its top dog status within the adult-use recreational marijuana space in Canada and its partnership with alcoholic beverage titan Constellation Brands.
This industrywide bloodbath, though, has arguably created a handful of extremely attractive bargains. Canada's third largest pot cultivator, Aphria (NYSE: APHA), and U.S.-based pure hemp play Charlotte's Web Holdings (OTC: CWBHF) could both prove to be stellar growth vehicles over the next 12 months. Here's what you need to know.
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