5 Cheap Pharmaceutical Stocks For 2021

4. Clever Leaves Holdings Inc. (NASDAQ: CLVR)

Number of Hedge Fund Holders: 9

Clever Leaves Holdings Inc. (NASDAQ: CLVR) is a New York-based company that cultivates, extracts, manufactures, and commercializes pharmaceutical-grade cannabinoid products. It has operations in Colombia, Portugal, Germany, the United States, and Canada. The firm also makes and sells natural remedies and dietary supplements. These products are sold to mass retailers, health stores and independent distributors. Clever is placed fourth on our list of 10 cheap pharmaceutical stocks to buy for 2021. 

The market cap of the firm is close to $300 million and it posted an annual revenue of more than $12 million in December 2020. The 52-week price range of company stock is $19.4-$8. Earlier today, the shares were being traded at $11.4. In March, the company announced a deal with another European pharma firm for the sale of medical cannabis extracts that are produced by the New York firm. Clever said it would develop the product in accordance with European regulations exclusively for the new partner.

Our database shows that 9 hedge funds held stakes in CLVR as of the end of the fourth quarter, versus 10 funds in the third quarter.