Top 5 Marijuana Stocks to Buy in 2022

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1. Ayr Wellness Inc. (CNSX:AYR-A)

Number of Hedge Fund Holders: 1

Stock Price as of Feb. 24, 2022: $17.89

Analyst Upside In %: 287%

Ayr Wellness Inc. (CNSX:AYR-A) is a multi-stage cannabis product provider. The company is capable of cultivating, extracting, manufacturing, retailing, and distributing cannabis products. It is headquartered in New York, New York, United States.

Ayr Wellness Inc. (CNSX:AYR-A)’s shares closed at $17.89 on February 24, 2022. Compared to the consensus analyst price of $69.29, this translates into a 287% upside. Insider Monkey’s survey of 924 hedge funds in the fourth quarter of last year revealed that one had a stake in the firm.

For its fiscal third quarter, Ayr Wellness Inc. (CNSX:AYR-A) brought in $96 million in revenue and $0.03 in GAAP EPS, in a mixed bag of results that saw it beat analyst EPS estimates but miss them for revenue.

A major Ayr Wellness Inc. (CNSX:AYR-A) investor is Frederick Disanto’s Ancora Advisors who owns 9,300 shares worth $141,000.

Disclosure: None. You can also take a peek at Billionaire Steve Cohen’s Top 10 Stock Picks and Billionaire Masayoshi Son’s Top 10 Stock Picks for 2021.

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