You might lump both CannTrust Holdings (NYSE:CTST) and Charlotte’s Web Holdings (NASDAQOTH:CWBHF) in the “double-to-trouble” club. Both stocks more than doubled earlier this year but ran into trouble that caused most of the gains to evaporate. CannTrust and Charlotte’s Web announced quarterly results that disappointed investors.
Don’t dismiss the prospects for either of these stocks, though. They both should have significant growth opportunities. But which is the better cannabis stock? Here’s what you need to know about CannTrust and Charlotte’s Web.
The case for CannTrust
Probably the best argument for buying CannTrust shares right now is that the stock looks like a pretty good bargain compared to many of its rivals. Granted, nearly every cannabis stock looks expensive because lofty growth expectations are baked into the share prices. CannTrust is no exception, but there are several reasons to like the stock at