5 Best CBD Stocks To Buy Now

4. Canopy Growth Corporation (NASDAQ:CGC)

Number of Hedge Fund Holders: 14      

Canopy Growth Corporation (NASDAQ:CGC) markets cannabis-based products. On November 10, investment advisory Alliance Global Partners maintained a Neutral rating on Canopy Growth Corporation (NASDAQ:CGC) stock and lowered the price target to C$1 from C$1.3, citing lower sales estimates as one of the reasons behind the target decrease. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Canopy Growth Corporation (NASDAQ:CGC) with 177,380 shares worth more than $1.3 million.