These two cannabis stocks offer great value at under $15

35 0

A new wave of increases is coming to marijuana stock values, with several priced for easy access

New Cannabis Ventures, the cannabis-focused news and information platform, has been able to track nearly 38 cannabis companies. Still, only two of them have enough financial characteristics to place them above the rest of the multi-state operators (MSOs). It is no secret that the lack of action on legal reform is driving many investors away from cannabis stocks. However, a move like this is what has led to the decline in cannabis stocks Trulieve Cannabis and Green Thumb Industries. That also makes them a great opportunity. Each can be had for less than $15 and, being considered two of the best MSOs, it sounds like a wide-open door.

Both Green Thumb and Trulieve account for two of the top three Q1 2022 revenue totals for tracked cannabis companies. The market capitalization of both exceeds $200 million, not to mention that this year’s first quarter has reported positively adjusted operating income and sequential quarterly revenue growth.

Trulieve beat out its competition during the first quarter of 2022, grossing $318 million, a 64% increase year over year. The company credits this growth to selling a broad range of products across the cannabis market landscape. After acquiring Harvest Health & Recreation, Trulieve quickly became the largest MSO in the country.

Moreover, investors can find in Green Thumb a financial feature for the quarter that other MSOs do not have, profits. While the firm finished third in revenue, it was the only one of its competitors able to post a net profit ($29 million). This certainly generates high levels of confidence for investors, knowing that its management team is able to control expenses and focus on higher-margin products.