Which Pot Stock Will Climb in 2024: Green Thumb Industries vs. Aurora Cannabis
Green Thumb Industries (OTC: GTBIF) and Aurora Cannabis (NASDAQ: ACB) are both popular cannabis stocks, but they compete in different markets and face different sets of challenges, so it's very likely that one will be a better investment than the other this year.
But don't take that to mean it's a toss-up as to which has a better chance at performing well. There's a clear winner here, so let's look at both and see why that's the case.
Green Thumb has a few catalysts in the works this year. First, there's the opening of a few new state-level recreational marijuana markets in places like Virginia, Minnesota, and Ohio, where the company already has medicinal sales operations. Accessing the newly opening markets will thus be relatively easy, boosting its revenue a bit higher, as it adds locations in other markets like Florida and Nevada. Wall Street analysts on average predict that revenue for 2024 will be 6.5% higher than 2023, topping $1.1 billion. The question is whether the growth will be worth a potential hit to its narrow profit margin, which was just under 4% as of the third quarter of 2023.
Source Fool.com
