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Canada legalized marijuana at the federal level back in October 2018 but demand remained subdued due to the slow rollout of retail stores in major provinces. The COVID-19 pandemic exacerbated these issues which meant pot stocks have grossly underperformed the broader markets since the start of 2019.
However, as the demand environment normalizes and companies improve their cost structures, it might be time to look at this beaten-down sector once again. Here, we compare two Canadian cannabis companies, Sundial Growers (SNDL) and Flora Growth (FLGC), to see which is a better investment right now.
