11 Best Rising Penny Stocks to Buy According to Hedge Funds

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8. Tilray Brands, Inc. (NASDAQ:TLRY)

Price: $1.15

1 Month Performance: 64.29%

Number of Hedge Fund Holders: 12

Tilray Brands, Inc. (NASDAQ:TLRY) is one of the Best Rising Penny Stocks to Buy According to Hedge Funds. On August 21, Breckenridge Distillery, which is part of Tilray Brands, Inc. (NASDAQ:TLRY), announced the launch of a new product called Mountain Shot.

The drink offers a fresh take on whiskey shots by blending smooth chocolate flavors with a cool hint of mint. The special highlight of this drink is the addition of maitake mushrooms, also known as Hen of the Woods, which come from Japan. The mushrooms are said to add a special texture to the drink. Management noted that the product aims to capture the adventurous spirit of the Rocky Mountains. The product is now available in select US markets.

Tilray Brands, Inc. (NASDAQ:TLRY) is a global company that produces and sells cannabis, beverage alcohol, pharmaceuticals, and wellness products. The company owns many brands and offers a wide range of products for adult-use cannabis and other markets.

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