You probably wouldn’t want to buy stock in an unprofitable company that’s posting declining trailing revenue while also crashing in value by more than 62% over the course of the year — especially when there are several sector competitors that don’t have these dubious distinctions.
Aurora Cannabis (NYSE:ACB) is the stock sporting all of these red flags today. Thankfully, there are a few companies that are more appealing to investors who want to get in on the marijuana market gold rush that may electrify 2021. They’re by no means perfect picks, but in the wild world of marijuana investing, they’re as close as they come.
Image source: Getty Images.
1. Cresco Labs
U.S.-based Cresco Labs (OTC:CRLBF) is on an accelerating growth trajectory. Unlike Aurora Cannabis, its trailing revenue has increased by a sharp 176.4% this year, won in part by its strong coverage of wholesale and consumer retail locations in some of the most populous U.S. states. And the company’s earnings are expanding alongside its revenue; it reported a record $46.4 million in adjusted earnings in the most recent quarter.
Cresco has one problem in common with Aurora: Unprofitability. Nonetheless, Cresco has spent the year…
