In this article, we discuss the 5 cheap pot stocks to buy. If you want to read our detailed analysis of these stocks, go directly to 11 Cheap Pot Stocks to Buy.
5. Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)
Number of Hedge Fund Holders: 6
Real Time Share Price as of December 26: $0.87
Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) makes and sells agricultural equipment and supplies. On November 9, Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) posted earnings for the third quarter of 2023, reporting a revenue of around $54 million. The net sales ranged $230 million to $240 million.
At the end of the third quarter of 2023, 6 hedge funds in the database of Insider Monkey held stakes worth $1.6 million in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), compared to 5 the preceding quarter worth $1.4 million.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) with 545,884 shares worth more than $665,000.
4. GrowGeneration Corp. (NASDAQ:GRWG)
Number of Hedge Fund Holders: 7
Real Time Share Price as of December 26: $2.46
GrowGeneration Corp. (NASDAQ:GRWG) owns and runs retail hydroponic and organic gardening stores. On November 9, investment advisory Stifel maintained a Hold rating on GrowGeneration Corp. (NASDAQ:GRWG) stock and lowered the price target to $2.85 from $3.50.
At the end of the third quarter of 2023, 7 hedge funds in the database of Insider Monkey held stakes worth $3.2 million in GrowGeneration Corp. (NASDAQ:GRWG), the same as in the previous quarter worth $7.8 million.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm DE Shaw is a leading shareholder in GrowGeneration Corp. (NASDAQ:GRWG) with 619,847 shares worth more than $1.8 million.
3. Cronos Group Inc. (NASDAQ:CRON)
Number of Hedge Fund Holders: 8
Real Time Share Price as of December 26: $1.99
Cronos Group Inc. (NASDAQ:CRON) makes and sells hemp-derived supplements and cosmetic products. On November 27, Cronos Group Inc. (NASDAQ:CRON) announced a sale and leaseback agreement with vertical farming firm Future Farmco Canada, agreeing to acquire a property for C$23 million.
Among the hedge funds being tracked by Insider Monkey, Delaware-based investment firm Chescapmanager LLC is a leading shareholder in Cronos Group Inc. (NASDAQ:CRON) with 8.3 million shares worth more than $16 million.
At the end of the third quarter of 2023, 8 hedge funds in the database of Insider Monkey held stakes worth $22 million in Cronos Group Inc. (NASDAQ:CRON), compared to 6 in the previous quarter worth $20 million.
2. WM Technology, Inc. (NASDAQ:MAPS)
Number of Hedge Fund Holders: 9
Real Time Share Price as of December 26: $0.75
WM Technology, Inc. (NASDAQ:MAPS) provides ecommerce and compliance software solutions to retailers and brands in the cannabis market in the United States and internationally. On November 8, WM Technology, Inc. (NASDAQ:MAPS) posted earnings for the third quarter of 2023, reporting a revenue of more than $47 million, beating market estimates by $0.39 million.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Rima Senvest Management is a leading shareholder in WM Technology, Inc. (NASDAQ:MAPS) with 5.8 million shares worth more than $7.7 million.
At the end of the third quarter of 2023, 9 hedge funds in the database of Insider Monkey held stakes worth $13 million in WM Technology, Inc. (NASDAQ:MAPS), compared to 14 in the previous quarter worth $9 million.
1. Tilray Brands, Inc. (NASDAQ:TLRY)
Number of Hedge Fund Holders: 17
Real Time Share Price as of December 26: $2.19
Tilray Brands, Inc. (NASDAQ:TLRY) makes and sells medical cannabis products. In early October, investment advisory Alliance Global Partners maintained a Neutral rating on Tilray Brands, Inc. (NASDAQ:TLRY) stock and lowered the price target to $2.25 from $2.
At the end of the third quarter of 2023, 17 hedge funds in the database of Insider Monkey held stakes worth $84 million in Tilray Brands, Inc. (NASDAQ:TLRY), compared to 15 in the previous quarter worth $11 million.
Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Hudson Bay Capital Management is a leading shareholder in Tilray Brands, Inc. (NASDAQ:TLRY) with 16 million shares worth more than $38 million.
You can also take a peek at 13 Most Promising Low-Cost Stocks According to Analysts and 11 Best Shipping Stocks That Pay Dividends.
