5 Weed Stocks to Buy in 2022

2. Tilray, Inc. (NASDAQ:TLRY)

Number of Hedge Fund Holders: 16    

Tilray, Inc. (NASDAQ:TLRY) makes and sells medical cannabis products. On January 25, the company announced that it would be expanding a medical cannabis product offering in Australia. It also revealed the launch of a new medical cannabis e-learning platform for healthcare providers. International cannabis products had led to 19% revenue growth for the company in the second quarter of 2021. 

Tilray, Inc. (NASDAQ:TLRY) is one of the top cannabis stocks in the hedge fund universe. At the end of the third quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $84 million in Tilray, Inc. (NASDAQ:TLRY), compared to 17 in the previous quarter worth $94 million.