12 Cheap Pot Stocks to Buy According to Hedge Funds

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3. SNDL Inc. (NASDAQ:SNDL)

Number of Hedge Fund Holders: 10 

SNDL Inc. (NASDAQ:SNDL) stands as one of Canada’s largest vertically integrated cannabis companies and the biggest private-sector liquor and cannabis retailer in the country. Its extensive portfolio includes retail banners like Ace Liquor, Wine and Beyond, Value Buds, and Spiritleaf, alongside cannabis brands such as Top Leaf, Contraband, and Palmetto. The company is steadily expanding its footprint across North America through strategic acquisitions and partnerships.

Recent developments reflect SNDL Inc. (NASDAQ:SNDL)’s push toward retail growth and technological innovation. It acquired 32 cannabis retail stores from 1CM for $32.2 million, boosting its market share and consumer reach. To further strengthen customer engagement, the corporation launched its Rise Rewards loyalty program across its retail operations. Additionally, the business appointed Phil McBride as Chief Information Officer and Navroop Sandhawalia as President of the Liquor Division. These leadership changes aim to drive digital transformation, AI integration, and operational efficiency.

SNDL Inc. (NASDAQ:SNDL) also began trading on the Canadian Securities Exchange (CSE) under the symbol “SNDL” as of April 11, 2025, broadening its investor base.

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