What Are The Cheapest Cannabis Stocks That Are Safe To Own?
Portfolio Pulse from Viridian Capital Advisors
The Viridian Value Tracker database analyzed 20 well-known cannabis companies to determine the cheapest and safest stocks to own. Vext Science (OTC:VEXTF) ranked as the best combination of solid credit quality and low valuation. Green Thumb (OTC:GTBIF) is a solid overall choice for investors willing to accept a higher valuation multiple for greater safety. AYR (OTC:AYRWF) and Cansortium (OTC:CNTMF) offer overall good value but with higher than average credit risk.
June 13, 2023 | 4:00 pm
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POSITIVE IMPACT
Green Thumb is a solid overall choice for investors willing to accept a higher valuation multiple for greater safety, with an EV/2023 EBITDA multiple of 6.08x.
Green Thumb has the best credit ranking among the analyzed cannabis stocks, but its EV/2023 EBITDA multiple is the twelfth highest. Investors seeking safety may be willing to accept the higher valuation, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Vext Science ranks as the best combination of solid credit quality and low valuation among cannabis stocks, with an EV/2023 EBITDA multiple of 3.63x.
Vext Science has the third strongest credit ranking and the third lowest EV/2023 EBITDA multiple, making it the best combination of credit quality and valuation. This indicates a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
AYR offers overall good value but with higher than average credit risk, making it a potentially attractive investment for those willing to accept the risk.
AYR has overall good value but with higher than average credit risk. This may attract risk-tolerant investors, but the higher credit risk could offset the potential gains, resulting in a neutral short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Cansortium offers overall good value but with higher than average credit risk, making it a potentially attractive investment for those willing to accept the risk.
Cansortium has overall good value but with higher than average credit risk. This may attract risk-tolerant investors, but the higher credit risk could offset the potential gains, resulting in a neutral short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100