Better Cannabis Stock to Buy Right Now: Canopy Growth or Tilray Brands?
The Canadian cannabis companies are both seeing strong growth, but one is a better buy right now.
Overview
Tilray Brands (NASDAQ: TLRY) and Canopy Growth (NASDAQ: CGC) are two of the largest cannabis retailers in Canada. Neither stock has fared well this year, with Canopy's shares down by more than 12% and Tilray's by more than 49%.
Cannabis stocks have been a wild ride for investors, so people should be willing to take risks if they're investing in these stocks, particularly Canadian companies that may have less upside than U.S.-based ones.
Details
However, the decline in their shares belies the revenue growth both companies are showing. Let's take a look at which stock is the better buy right now.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.