Finding a good business in the cannabis industry that is consistently profitable is no easy task. Finding one that is also cheap is even more difficult. But there are a couple of gems out there that can provide investors with some great bang for their buck while also providing them with incredible long-term growth opportunities.
You will be hard-pressed to find better-valued pot stocks right now than MariMed (OTC: MRMD) and Trulieve Cannabis (OTC: TCNNF). Both companies are profitable (on an adjusted earnings before interest, taxes, depreciation, and amortization, or EBITDA, basis), and both have excellent growth potential.
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At a market cap of about $230 million, MariMed isn’t one of the larger cannabis companies out there. But there’s loads of potential here, especially as the company comes off a stellar fourth-quarter and full-year 2020 earnings report. Year-end results released March 23 showed revenue of $20.4 million, nearly quadruple the $4.2 million it recorded in the prior-year period. Its adjusted EBITDA was a positive $7.7 million,…