11 Best Marijuana Stocks to Buy Right Now

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6. GrowGeneration Corp. (NASDAQ:GRWG)

Number of Hedge Fund Holders: 11

On March 20, 2026, Alliance Global reduced its price objective for GrowGeneration Corp. (NASDAQ:GRWG) from $1.50 to $1.25 while keeping a Neutral rating, citing fourth-quarter revenue and EBITDA misses during a seasonally sluggish period. The analyst observed that proprietary brands accounted for 36% of Cultivation and Gardening sales. The analyst also said that the management anticipates profitability to improve through higher-margin owned brands and store consolidation, with a break-even EBITDA target in 2026 and a $10 million share repurchase program.

On March 19, 2026, GrowGeneration Corp. (NASDAQ:GRWG) announced fourth-quarter net sales of $37.8 million, up 1.0%, while expanding gross margin to 24.1% and lowering operating expenses by 44.4%, resulting in a net loss of $7.4 million and an adjusted EBITDA loss of $2.0 million. The corporation reported full-year net sales of $161.7 million, a net loss of $24.0 million, and an improved adjusted EBITDA loss of $6.0 million, while ending with $46.1 million in cash and no debt.

GrowGeneration Corp. (NASDAQ:GRWG) is involved in the development, marketing, retail, and distribution of hydroponic products and services. It operates in three segments: Cultivating and gardening, storage solutions, and corporate.

While we acknowledge the potential of GRWG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GRWG and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Marijuana Stocks to Buy Right Now.

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