Curaleaf CURLF and Green Thumb Industries GTBIG have been turning a new leaf in US states that have legalized adult-use cannibals. Behind the scenes, however, cannabis stocks have underperformed, with US federal regulations yet to ease up. But that underperformance is leaving both stocks trading in undervalued territory.
Investors can get a different type of buzz from Lithium Americas LAC, as the company’s first lithium project is underway following its split from its Argentina business in 2023. But until that project gets going, the firm isn’t generating any revenue, and its stock is languishing well below Morningstar’s fair value estimate.
For this article, we screened Canadian-listed stocks covered by Morningstar analysts, ranked them based on their price/fair value estimates, and pulled the bottom three most undervalued stocks.
The cheapest name on the list is Vancouver-based Lithium Americas. The US government is set to…
