10 Promising SmallCap Stocks Under $1 Billion Market Cap

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10. Cronos Group Inc. (NASDAQ: CRON)

Cronos, a cannabinoid company, is trading at $2.01 as of 16th July. The cannabis sector has been in a prolonged downturn, with many investors stepping away amid significant value erosion and underwhelming results.

However, Cronos Group offers a rare deep value setup, trading below net cash with an enterprise value of –$70M. Backed by $840M in cash and a recent $50M buyback, the company is now free cash flow positive with improving margins.

It’s leading cannabis gummy brand, Spinach, is driving growth in Canada. With Altria owning 40% and strategic upside from a potential buyout, CRON presents a compelling low-risk, high-reward opportunity, offering 75%+ upside based on conservative valuation and potential multibagger returns if performance targets are hit.

While we acknowledge the risk and potential of CRON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRON and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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