5 Best CBD Stocks to Buy Right Now

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1. SNDL Inc (NASDAQ:SNDL)

Stock Upside Potential: 193.10%

Number of Hedge Fund Holders: 13

SNDL Inc (NASDAQ:SNDL) is one of the best CBD stocks to buy right now. SNDL Inc (NASDAQ:SNDL) reported its Q1 2026 results on April 29, revealing a 4.4% YoY drop in revenue to $195.9 million. The company said it faced market headwinds in both its liquor and cannabis segments during the quarter.

SNDL’s combined cannabis segment revenue declined 3.8% to $91.8 million, and operating loss widened 20% to $5.8 million. The cannabis segment houses the company’s portfolio of CBD-infused products, such as the Pearls by Gron gummies.

Looking ahead, SNDL CEO Zach George said they anticipate improvements in the cannabis market in the back half of 2026. Citing the company’s solid financial position, the CEO stated that SNDL is well-positioned to take advantage of both organic and inorganic opportunities to enhance its portfolio and accelerate growth. SNDL closed Q1 with $213.4 million in cash and no debt.

The management mentioned disciplined capital allocation as a major priority. The team is also pursuing efficiency initiatives and profit-enhancement measures as it adjusts to the reality of the current market conditions. As part of the profit-enhancement efforts, SNDL is launching initiatives expected to add $20 million in operating income over the remainder of 2026.

Canada-based SNDL Inc (NASDAQ:SNDL) is engaged in the liquor and cannabis retail businesses. The company’s cannabis division produces and distributes a suite of products, including CBD-based topicals, beverages, and edibles like gummies and chocolates.

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

READ NEXT: 10 Most Buzzing AI Semiconductor Stocks to Buy in 2026 and 11 Best Medical Technology Stocks to Buy Right Now.

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