10 Low Price High Volume Stocks to Buy Now

4. SNDL Inc. (NASDAQ:SNDL)

Price: $1.86

Trading Volume: 1,551,372

No. of hedge fund owners: 10

A key player in the cannabis and liquor retail sectors, SNDL Inc.  (NASDAQ:SNDL), operates in a dynamic industry landscape that warrants a growth strategy mindset. The company crafts small-batch cannabis in its state-of-the-art indoor facilities. It is one of the best low-priced stocks on our list.

The cannabis industry is often dealing with fluctuating trends and is greatly affected by factors such as changing regulations and consumer preferences. While the US looks at potentially reclassifying cannabis to a Schedule III substance by the Drug Enforcement Administration (DEA), it could significantly impact the industry’s financial and strategic dimensions. Furthermore, as the timeline remains uncertain, regulatory ambiguity continues to persist. While the challenges persist, the industry predicts that U.S. cannabis sales could surpass $50 billion in 2025. Companies like SNDL Inc. (NASDAQ:SNDL) are distinctly placed to capitalize on the growing industry if they are able to navigate the dynamic environment effectively.

Potentially, the favorable regulatory updates could also offer benefits to the notable players who have crafted a unique position in the market. SNDL Inc. (NASDAQ:SNDL) too is positioned to take advantage of the financial benefits through market expansion opportunities and financial incentives.

The company has been proactively shaping its strategic approach to ride the uncertainties of a highly evolving industry. It acquired all outstanding shares of Nova Cannabis Inc. in October 2024, strengthening its retail footprint and enhancing its market presence. This strategic move underscores the company’s commitment to expand its influence in the Canadian cannabis retail sector. SNDL Inc.  (NASDAQ:SNDL) reported good financial performance in Q3 of 2024, and the company was on track to achieve positive free cash flow for the calendar year.

Again, the high trading volume of SNDL Inc.  (NASDAQ:SNDL) stocks suggests heightened investor interest and liquidity, while it is also an attractive option for investors seeking exposure to the cannabis sector.