Better Cannabis Stock to Buy: HEXO or Trulieve?

Up more than 45% in the past three months, HEXO (NYSE:HEXO) and Trulieve Cannabis (CNSX:TRUL)(OTC:TCNNF) have investors talking. In a short period of time, both companies have generated spectacular results in their business operations and show no signs of slowing down. Such performances are especially stunning considering HEXO and Trulieve were founded less than a decade ago.

They are also trading at very lucrative metrics and are arguably very undervalued compared to their future potential. Is one better than the other, or are both companies solid choices for marijuana investors? Let’s find out together.

Landscape of a cannabis farm field.

Image source: Getty Images.

The case for HEXO

HEXO is a seller of premium dried flowers, oils, vapes, and cannabis-infused beverages. The company holds the leading market share in the Canadian province of Quebec. In the first quarter of 2021 (ended Oct. 31), HEXO’s sales grew by a stunning 103% year over year to 29.5 million Canadian dollars.

The company also managed to cut its operating loss from CA$60.5 million to just CA$2.6 million in the same period. Aside from having wildly popular dried cannabis brands, HEXO’s partnership with Molson Coors (NYSE:TAP) to develop pot-based beverages has also earned the business new bragging rights.

During the quarter, HEXO’s beverage segment brought in CA$3 million in revenue, up 54% from the quarter prior. In…

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Up more than 45% in the past three months, HEXO (NYSE:HEXO) and Trulieve Cannabis (CNSX:TRUL)(OTC:TCNNF) have investors talking. In a short period of time, both companies have generated spectacular results in their business operations and show no signs of slowing down. Such performances are especially stunning considering HEXO and Trulieve were founded less than a decade ago.

They are also trading at very lucrative metrics and are arguably very undervalued compared to their future potential. Is one better than the other, or are both companies solid choices for marijuana investors? Let’s find out together.

Landscape of a cannabis farm field.

Image source: Getty Images.

The case for HEXO

HEXO is a seller of premium dried flowers, oils, vapes, and cannabis-infused beverages. The company holds the leading market share in the Canadian province of Quebec. In the first quarter of 2021 (ended Oct. 31), HEXO’s sales grew by a stunning 103% year over year to 29.5 million Canadian dollars.

The company also managed to cut its operating loss from CA$60.5 million to just CA$2.6 million in the same period. Aside from having wildly popular dried cannabis brands, HEXO’s partnership with Molson Coors (NYSE:TAP) to develop pot-based beverages has also earned the business new bragging rights.

During the quarter, HEXO’s beverage segment brought in CA$3 million in revenue, up 54% from the quarter prior. In…

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