Canopy Growth (NYSE: CGC) and Aphria (NASDAQ: APHA) are two heavyweights in the Canadian pot market. For a long time, cannabis investors saw Canopy Growth as the leader in the industry, but that just isn't the case anymore. At the very least, the company's got some tight competition not only from Aphria but also from U.S.-based pot stocks that are growing in size and gaining market share.
While Canopy Growth still has lots of potential, especially as it begins rolling out cannabis beverages, it's just not the value buy Aphria is. Here's a closer look at why Aphria is the better stock to buy today.
Aphria released its fourth-quarter and year-end results July 29. Its net revenue of 152.2 million Canadian dollars in Q4 was up 18% from the prior-year period and marked a 5% improvement from the third quarter. Canopy Growth released its Q4 results May 29 for the period ending March 31, and although they covered a different period than Aphria's most recent results (which went up until May 31), at just CA$107.9 million, they're still nowhere near their Ontario rival's tally. For the full year, Canopy Growth's top line came in at CA$398.8 million after excise taxes. That's also well short of Aphria's full-year tally of CA$543.3 million.