RE:winnersGood Post! Article said:
Greg Taylor, who manages the Purpose Marijuana Opportunities Fund prefers CannTrust Holdings Inc., Hexo Corp. and Organigram Holdings Inc., which he says trade at a “more realistic valuation” than some of their bigger peers.
So what will distinguish winners from losers? A meaningful presence in Canada’s recreational market combined with exposure to the international medical market is one key factor, according to Matt Bottomley, analyst at Canaccord Genuity Group Inc. Aphria Inc., CannTrust and Hexo are some of Bottomley’s top picks.
Low production costs will be another essential ingredient for success. “It’s a non-starter if they’re not growing at less than $1 a gram,” said Taylor. Few producers meet that price point though many say their costs will fall as production ramps up.
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HEXO has a more realistic valuation than their bigger peers. A meaningful presence in Canada’s Recreational market and low production costs under a $1 per gram. All IMO!