HEXO vs. OrganiGram By StockNews

<iframe src=”//rcm-na.amazon-adsystem.com/e/cm?o=1&p=22&l=ur1&category=homegarden&banner=02NMTC702K4D0VHE1SR2&f=ifr&linkID=17e0b4ac3a719000706e772761d8ae0e&t=forexz-20&tracking_id=forexz-20″ width=”250″ height=”250″ scrolling=”no” border=”0″ marginwidth=”0″ style=”border:none;” frameborder=”0″></iframe>

© Reuters. Better Cannabis Stock: HEXO vs. OrganiGram

The cannabis industry is expected to see impressive growth in the next 5 years. With that in mind, which cannabis stock, HEXO Corp. (NYSE:) or OrganiGram Holdings Inc. (NASDAQ:), is currently the better buy?.According to Mordor Intelligence, the cannabis market is expected to grow at a CAGR rate of 18.1% between 2021 and 2026. This solid growth rate is expected to be fueled by the proven medicinal usage of cannabis, legalization of cannabis at a higher pace, and further diversification of the cannabis products portfolio.

The cannabis market remains highly volatile amid investors’ concerns regarding negative profitability and rapid increase in competition in the given market. As a result, the ETFMG Alternative Harvest ETF (MJ) lost around 10% over the past month compared to SPDR S&P 500 Trust ETF (SPY) 3% gains over the same period.

Keeping that in mind, today we’re going to analyze and compare two cannabis stocks: HEXO Corp. (HEXO) and OrganiGram Holdings Inc. (OGI). HEXO is headquartered in Kanata, Canada, and produces, markets, and sells cannabis in Canada. OGI, which is based in Moncton, Canada, produces and sells cannabis and offers a variety of cannabis-related products such as extracts, oils, beverages, and others.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


− 1 = 1