Origin House (NASDAQOTH:ORHOF) and HEXO (NASDAQOTH:HYYDF) are very different marijuana stocks, but they also have several things in common. Both companies changed their names relatively recently. Both are growing sales rapidly. And both stocks have been big winners over the last 12 months.
But which of these stocks is the better pick now for long-term investors? Here’s how Origin House and HEXO stack up against each other.
The case for Origin House
Origin House was previously named CannaRoyalty, reflecting its primary focus on the cannabis royalty streaming business. But along the way, the company changed its focus. Its name now better represents the company’s goal of becoming the leading global house of brands for cannabis products.
Significant progress has been made toward achieving that goal. Origin House now ranks as the top distributor of cannabis products in California. That’s a pretty nice achievement,