5 Weed Stocks to Buy in 2022

3. GrowGeneration Corp. (NASDAQ:GRWG)

Number of Hedge Fund Holders: 13  

GrowGeneration Corp. (NASDAQ:GRWG) owns and runs retail hydroponic and organic gardening stores. It runs 63 stores across the United States and is based in Colorado. 24 of these stores are in California. On December 7, Wells Fargo analyst Chris Carey initiated coverage of the stock with an Equal Weight rating and a price target of $18. 

GrowGeneration Corp. (NASDAQ:GRWG) has attracted the interest of Wall Street as well. At the end of the third quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $32 million in GrowGeneration Corp. (NASDAQ:GRWG), compared to 17 in the previous quarter worth $128 million.