Flora Growth Corp. is one of the 12 cheap pot stocks to buy according to hedge funds, ranking twelfth on the list. The global cannabis company, headquartered in Florida, offers a variety of products and has expanded into digital assets, investing $1 million in Ethereum, Solana, Sui, and Ripple in 2025.

Flora Growth Corp. is rapidly growing its THC-infused beverage operations, launching new brands like “Melo” and “Cloud Cola” in major U.S. retail outlets. The company is also entering Germany’s cannabis pilot program and positioning itself to capitalize on Europe’s emerging legal cannabis market.

At the 2025 shareholder meeting, Flora Growth Corp. approved key changes including increasing its incentive plan share cap and authorizing a reverse stock split. New board members were elected to support growth in wellness, beverages, and digital assets.

While acknowledging the potential of Flora Growth Corp. as an investment, some believe certain AI stocks offer greater upside potential with less downside risk. For those interested in undervalued AI stocks that could benefit from current trends, check out the best short-term AI stock.

Read more at Yahoo Finance: Flora Growth Corp. (FLGC) Leaps Into Web3 With $1M Crypto Bet