Sundial (SNDL) and Greenlane (GNLN) have burnt massive investor wealth in the last two years making them attractive contrarian bets. With the cannabis industry expected to grow at an exponential pace in the upcoming decade, should you buy marijuana producer Sundial or cannabis accessories company Greenlane? Read more to find out.Shares of cannabis companies Sundial Growers (NASDAQ:SNDL) and Greenlane Holdings (NASDAQ:GNLN) have grossly underperformed the broader markets. While SNDL stock is down 92% from its record high, GNLN stock has fallen 81% from its all-time high. However, the sell-off in these pot stocks might provide contrarian investors an opportunity to generate outsized gains in case they stage a comeback.
The marijuana market is expected to rapidly expand given the recent wave of legalization in several U.S. states as well as in other international markets. Let’s take a look to see which is a better stock poised to move higher in 2021 and beyond.
Sundial Growers (SNDL)