12 Cheap Pot Stocks to Buy According to Hedge Funds

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1. Tilray Brands, Inc. (NASDAQ:TLRY

Number of Hedge Fund Holders: 14 

Tilray Brands, Inc. (NASDAQ:TLRY) tops our list for being one of the cheap pot stocks to buy. It is a global leader in cannabis, beverage, and wellness sectors, reporting Q4 fiscal 2025 revenue of $224.53 million, reflecting a slight 2.3% year-over-year decline. While cannabis and beverage revenues dipped due to strategic shifts and permit delays, the distribution and wellness segments showed modest growth. Despite a significant net loss, mainly from non-cash impairment charges, adjusted earnings per share exceeded expectations, highlighting operational resilience. CEO Irwin D. Simon emphasized the company’s focus on innovation and leveraging its global infrastructure to capitalize on the expanding legal cannabis market.

Tilray Brands, Inc. (NASDAQ:TLRY) continues to diversify through international expansion and strengthening its beverage portfolio, notably acquiring four craft beer brands from Molson Coors in the U.S. The company is also adopting AI-driven horticulture automation to improve efficiency and cut costs in its global greenhouse operations, signaling a technology-forward strategy amid industry challenges.

Investor confidence received a boost with CFO Carl A. Merton’s insider purchase of 33,500 shares in late July 2025, indicating internal belief in Tilray Brands, Inc. (NASDAQ:TLRY)’s future despite the modest transaction size.

While we acknowledge the potential of TLRY 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 TLRY and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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