Two cannabis stocks are positioned for major breakouts for patient investors

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Sundial Grower is riding high on the stock market, but two other companies might do better

Sundial Grower, a well-recognized cannabis company, has been lately killing its numbers while seeing bigger growth. Just in the past three months, its stock price increased 122%; however, for those who are looking to get a better and more stable option in the cannabis industry’s growth, Cresco Labs and Curaleaf Holdings are definitely two of the most attractive stocks nowadays.

Curaleaf has a different mindset from other cannabis companies and that’s always very attractive for investors. While many companies decide to focus their attention on just a couple of markets in the US, this company specifically chose to cast a wide net across the country, as it has a presence in 23 states, including 101 dispensaries.

Florida is considered one of its favorite states to do business with since the medical use of cannabis is legal. Curaleaf currently holds a third-leading market share in the Sunshine State, and it also has a great influence over New Jersey and Arizona, states where the recreational use of cannabis was recently legalized.

These markets are expected to get massive growth in the coming years. The strategy implemented by Curaleaf clearly has its perks, and it can be easily reflected when taking a look at its financial results.

On the other hand, another great option is Cresco Labs. It is also a multistate operator, but not as huge as Curaleaf, as it only has a presence in nine states. In California, the best opportunity that Cresco has is found. In January of the last year, the company snagged a great deal and managed to close its all-stock acquisition of Origin House in a transaction valued at $428.2 million. Thanks to that, the company now has significant influence in the Golden State.