Better Growth Stock: Curaleaf vs. GrowGeneration
The U.S. cannabis industry is getting hotter as state legalization ramps up. Next year could see more states legalizing either medical or recreational cannabis, and with that opportunities will arise for the domestic players. Investors have quite a lot of good stocks to choose from, be it cannabis growers or companies related to the sector.
Among these, Massachusetts-based Curaleaf Holdings (OTC: CURLF) is outshining its peers. Even though it is not profitable it has reported positive earnings before interest, tax, depreciation, and amortization (EBITDA) for the last few quarters, and also brought in $1.1 billion in revenue over the trailing 12 months. Peers Green Thumb Industries and Trulieve Cannabis have around $827 million and $801 million in revenue, respectively, over the same period.
Although it's not a cannabis grower, Colorado-based GrowGeneration (NASDAQ: GRWG) has also outperformed this year and is profitable as well. But there are some factors to consider before deciding which stock to invest in for 2022. Let's take a look at which among these two is the best growth stock for investors over the long term.
Source Fool.com
