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There is been anything of a part reversal for Tilray (NASDAQ: TLRY) and Village Farms International (NASDAQ: VFF) . In 2018, Tilray emerged as the greatest-performing Canadian marijuana stock on the marketplace, with shares skyrocketing 215%. Village Farms, on the other hand, saw its stock plunge 27%.

But so far this year, the tables have been turned. Tilray is down 29% year to date. Meanwhile, Village Farms is a single of the prime Canadian marijuana stocks with a sizzling acquire of 289%.

Does the swing in momentum point to a brighter future for Village Farms? Or is Tilray the much better extended-term choose? Here’s how the two Canadian marijuana stocks examine.

Image supply: Getty Pictures.

The case for Tilray

Tilray does not have the greatest production capacity in the cannabis market. It does not have the highest sales. But there is a single location exactly where Tilray arguably beats every single other Canadian marijuana producer: its impressive lineup of key partners.

Let’s get started with Novartis . In 2018, Tilray teamed up with the major pharma company’s Sandoz Canada subsidiary to marketplace health-related cannabis solutions. That collaboration expanded later in the year to a worldwide a single. Novartis is a nicely-identified brand across the globe and could be a good plus in convincing healthcare providers in Europe to go with Tilray’s health-related cannabis solutions.

Then there is the beverages marketplace. No, Tilray hasn’t received a big investment like Canopy Development did from key alcoholic beverage maker Constellation Brands . On the other hand, Tilray has joined forces with major beer maker Anheuser-Busch InBev to analysis nonalcoholic cannabis-infused beverages.

Tilray has the customer brands box checked, also. Earlier this year, the firm announced a deal with Genuine Brands Group (ABG) to distribute cannabis-infused solutions for customers. ABG markets 50 brands, like Nautica, Nine West, Prince, and Spyder.

In addition to its essential partnerships, Tilray has also been busy on the acquisitions front. In February, the firm closed its buyout of Manitoba Harvest , the world’s biggest hemp foods manufacturer. That acquisition enabled Tilray to jump headfirst into the U.S. hemp marketplace.

With these key partners and an crucial acquisition below its belt, Tilray is poised to develop considerably as the worldwide cannabis marketplace expands.

The case for Village Farms

It wasn’t all that extended ago that Village Farms was identified only for its greenhouse cucumbers, peppers, and tomatoes. But a pivotal deal in 2017 with marijuana producer Emerald Well being Therapeutics changed the dynamics for Village Farms. The two firms formed a joint venture, Pure Sunfarms, with plans to convert a greenhouse owned by Village Farms into a cannabis production facility.

A lot of progress has been produced considering that then. Village Farms shares soared in April on the news that the complete expanding location at the British Columbia greenhouse now operated by Pure Sunfarms was in production. This greenhouse must quickly attain an annualized production run price of about 75,000 kilograms and will be joined in the future by a sister facility that will double the joint venture’s annual production.

Pure Sunfarms has currently lined up a single crucial provide agreement for adult-use recreational marijuana in Canada. In February, the Ontario Cannabis Retailer chosen Pure Sunfarms as a supplier. Ontario is the greatest marketplace in the nation.

Village Farms also plans to expand into the U.S. hemp marketplace. The firm formed a joint venture with Nature Crisp to develop hemp outdoors to be employed in extracting cannabidiol ( CBD). Nature Crisp at the moment operates a family members-owned farm positioned in southeast Georgia. On the other hand, the joint venture plans to cultivate hemp and generate hemp-derived CBD in added states down the road.

Improved marijuana stock

I consider that Tilray’s partnerships and established presence in key cannabis markets give it a clear benefit more than Village Farms. Although Village Farms stock is beating Tilray so far in 2019, my hunch is that it will be a distinct story more than the longer term.

But even though I view Tilray as the much better marijuana stock among these two, I never see Tilray as a stock to obtain correct now. I consider that there are other marijuana stocks that supply a extra compelling danger-reward proposition.

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Keith Speights has no position in any of the stocks talked about. The Motley Fool owns shares of and recommends Village Farms International, Inc. The Motley Fool recommends Anheuser-Busch InBev NV and Constellation Brands. The Motley Fool has a disclosure policy .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect these of Nasdaq, Inc.