5 Weed Stocks to Buy in 2022

In this article, we discuss 5 weed stocks to buy in 2022. If you want to read our detailed analysis of these stocks, go directly to 10 Weed Stocks to Buy in 2022. 

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

Number of Hedge Fund Holders: 11    

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) makes and sells agricultural equipment and supplies. Elite hedge funds hold large stakes in the company. At the end of the third quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $51 million in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM), compared to 15 the preceding quarter worth $207 million.

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) is one of the leading hydroponics providers in the United States. As uncertainty lingers around the legalization of cannabis, more producers are turning to hydroponics to grow their weed production.  

In its Q4 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) was one of them. Here is what the fund said:

“Our top 10 holdings represented 25.6% of the Fund’s net assets at the end of the fourth quarter. This is in line with historical weightings. Cash at the end of the quarter was 3.4%, which is in line with our low to mid-single digit targeted levels. We exited our position in Hydrofarm Holdings Group, Inc. as we felt the macro headwinds the company was facing in its end-markets were both challenging and worsening.”