Investors looking to profit from the marijuana “green rush” have plenty of stocks to consider that don’t have multibillion-dollar market caps. Two marijuana stocks with market caps well under the $1 billion mark are CannTrust Holdings (NYSE:CTST) and Auxly Cannabis Group(NASDAQOTH:CBWTF).
Both stocks performed dismally in 2018. However, CannTrust’s shares have soared so far this year while Auxly stock is up by a tiny amount. Which of these two marijuana stocks is the better pick now? Here’s how CannTrust and Auxly stack up against each other.
The case for CannTrust
CannTrust could be on its way to claiming one of the largest annual production capacities in the entire cannabis industry. The company now can produce around 50,000 kilograms of cannabis on an annualized basis with the completion of the phase 2 expansion of its Niagara Perpetual Harvest Facility. But CannTrust should soon boost that capacity significantly.
The company has another round of expansion at the Niagara facility on tap. This next expansion is slated to be completed by late next year and should increase CannTrust’s annual production capacity to more than 100,000 kilograms. CannTrust is also quickly moving in another direction.