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All Pot Stocks Aren’t Created Equal
Many investors still have to settle for shakier Canadian names which are easier to buy.
On Tuesday, Curaleaf kicks off the fourth-quarter reporting season for American cannabis companies that operate in multiple states.
In their previous set of quarterly results, Curaleaf and U.S.-based peers Green Thumb Industries, Cresco Labs and Trulieve reported average sales growth of 180%.
American names are also more likely to be profitable than peers north of the border, which overexpanded in recent years.
That is one reason why Canada’s growers saw more violent share-price spikes than American names when the WallStreetBets crowd turned its attention to cannabis stocks last month.