Jim Cramer Recommends Selling These 5 Stocks

2. Tilray, Inc. (NASDAQ:TLRY)

Number of Hedge Fund Holders: 20

Tilray, Inc. (NASDAQ:TLRY) is a US-based cannabis company whose stock is down about 60% over the past six months. Jim Cramer said the following about the cannabis industry and Tilray, Inc. (NASDAQ:TLRY) stock:

“The pot industry is a very, very tough industry, not unlike gambling. So, I’m not there.”

Tilray, Inc. (NASDAQ:TLRY) recently said it agreed to buy about $211 million of HEXO’s (HEXO.TO) debt. Canaccord Genuity upgraded both stocks on the back of the deal. According to the agreement,  Tilray, Inc. (NASDAQ:TLRY) will acquire more than $200 million worth of debt issued by Hexo (HEXO) with the right to convert them into nearly 37% of Hexo outstanding common shares at a conversion price of C$0.90.

At the end of the fourth quarter of 2021, 20 hedge funds had stakes in Tilray, Inc. (NASDAQ:TLRY), compared to 16 funds in the previous quarter.