Top 5 Cannabis Stocks To Buy Now

3. Cronos Group Inc (NASDAQ:CRON)

Cronos Group Inc (NASDAQ:CRON) is the third most popular weed stock in our list and the last of cannabis producers. At the end of September, ten funds we are following disclosed holding in aggregate $60 million worth of Cronos’ stock, down from 14 funds and $82.77 million a quarter earlier. The bulk of the shares was disclosed by Traci Lerner‘s Chescapmanager, which owns 8.87 million shares worth $44.46 million as per its latest 13F filing. Other investors include Ken Griffin’s Citadel Investment Group and D. E. Shaw’s namesake fund.

A month ago, Cronos Group Inc (NASDAQ:CRON) reported its financial results for the quarter ended September 30. Its revenue almost doubled over the year and amounted to $11.36 million and was slightly better than the expected 11.03 million. However, the EPS of $0.19 topped the expectations by $0.25. Overall, investors were pleased with the results, sending the stock up by 36% over the two days following the earnings report.

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