Is Cresco Labs Stock a Buy?
When you think about marijuana stocks, popular Canadian cannabis companies including Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC) likely come to mind. But there are several U.S. marijuana companies that are thriving amid the coronavirus pandemic -- yet are being overlooked.
Most U.S. cannabis companies have outperformed their Canadian counterparts this year. Illinois-based Cresco Labs (OTC: CRLBF) had an impressive start to the year with its first-quarter results, and it continued to shine with its stunning second-quarter results, reported on Aug. 20.
Shares of Cresco are down 20% so far this year, while Aurora's and Canopy's shares have lost 73% and 22%, respectively. Meanwhile, the industry benchmark, the Horizons Marijuana Life Sciences Index ETF, is down by 6.3% over the same period. Let's take a look at what was good in Cresco's second quarter.
Source Fool.com
