Marijuana stocks have gone wild this month. Right now, there's more than one rollercoaster ride for investors to hop on -- or to avoid if you're afraid of losing your lunch. Even rising cannabis industry stalwarts like Canopy Growth Company (NASDAQ: CGC) took a dive after reaching new heights. The stock is back down to $38 after spiking to a 52-week high of $56.50. But some companies are more likely to leave shareholders with a headache than others.
In particular, the (soon to be former?) penny stock Sundial Growers (NASDAQ: SNDL) got lots of attention thanks to activity from Reddit traders and a subsequent pair of stock offerings worth around $174.5 million in total. Of course, most of that growth is now gone. The same can be said for Canopy, leaving investors wondering if either is worth a purchase.
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For further details see:
Forget Sundial Growers, Canopy Growth Is a Better Marijuana Stock