This Canadian cannabis stock is a wannabe. You need a winner. And we have just the one…
Yesterday, I cautioned you against loading up your portfolio with Canadian licensed producers (LPs).
Because while there are a few opportunities to see returns from a select group of Canadian stocks, the simple fact is that you’re going to make the most money if you buy United States cannabis companies.
If we compare Canada and California, Canada sold $2.08 billion worth of cannabis last year, while California sold $4.4 billion. One U.S. state’s market was able to top the sales of an entire country.
It all comes down to demand. The demand for cannabis in the U.S. is simply massive – and much more prevalent than it could ever be for our neighbors to the north.
But I’m not going to just tell you that American cannabis stocks are better than Canadian cannabis stocks.
I’m going to show you.
And today’s Deep Dive into the Canadian cannabis stock Sundial Growers Inc. (Nasdaq: SNDL) is the perfect way to do that.
Sundial was one of the first companies to take advantage of full legalization in Canada, but like many of those Canadian licensed producers (LPs), after some early success, its operations have faltered.
Its recently released Q1 2021 earnings results, along with its planned acquisition of Inner Spirit Holdings (OTC: INSHF), seem to have generated some renewed interest in SNDL stock – but don’t be fooled.
SNDL is a wannabe.
You need a winner.
As you can see, not all cannabis stocks are created equal. And if you don’t have the National Institute for Cannabis Investors (NICI) in your corner when you start buying cannabis stocks, you may end up with more wannabes than winners in your portfolio.
That’s why I encourage you to join NICI Membership – where we do the hard work for you by telling you which cannabis stocks to buy and when for the biggest potential profits.
You’re free to learn how to become a NICI Membership subscriber at any time right here.
And if you’re already a member, you have 24/7 access to our full portfolio of investments right here.
Executive Director, National Institute for Cannabis Investors
2 responses to “One Winner, One Wannabe: These 2 Cannabis Stocks Are on Opposite Ends of the Spectrum”
May 27 2021