5 Cheap Pot Stocks to Buy

In this article, we discuss the 5 cheap pot stocks to buy. If you want to read our detailed analysis of these stocks, go directly to 11 Cheap Pot Stocks to Buy.

5. Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)

Number of Hedge Fund Holders: 6    

Real Time Share Price as of December 26: $0.87

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) makes and sells agricultural equipment and supplies. On November 9, Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) posted earnings for the third quarter of 2023, reporting a revenue of around $54 million. The net sales ranged $230 million to $240 million.

At the end of the third quarter of 2023, 6 hedge funds in the database of Insider Monkey held stakes worth $1.6 million in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), compared to 5 the preceding quarter worth $1.4 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) with 545,884 shares worth more than $665,000.