5 Weed Stocks to Buy in 2022

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1. Canopy Growth Corporation (NASDAQ:CGC)

Number of Hedge Fund Holders: 17      

Canopy Growth Corporation (NASDAQ:CGC) markets cannabis-based products. On February 9, the company posted earnings for the third fiscal quarter, beating market estimates on earnings per share by C$0.04. The revenue over the period was C$141 million, smashing analyst predictions by more than $5 million. The market-beating results led to a share price rally across the cannabis industry. 

Top hedge funds are bullish on Canopy Growth Corporation (NASDAQ:CGC). Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Canopy Growth Corporation (NASDAQ:CGC), with 1 million shares worth more than $13 million. 

You can also take a peek at 10 Best Stocks for Animal Lovers and 10 Best Nickel Stocks to Buy Now.

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