Aurora Cannabis just took over Apple as the favorite stock among millennials

Robinhood, a free trading app popular among millennials, has found its new reigning champion. Turns out, more users own the shares of Aurora Cannabis, Canadian licensed producer, than the tech behemoth Apple Inc., reports Market Insider in their latest report.

 

 

“Aurora Cannabis is now held by 247,517 Robinhood users, up more than 20,000 from last week. The marijuana stock outranked all the others on the app, including Apple, which had maintained its top-ranking position since the week of November 8. The smartphone giant’s stock now ranks second in terms of Robinhood ownership, at 237,050 shareholders,” according to Markets Insider.

The company is headquartered in Edmonton, Alberta,  with sales and operations in 22 countries across five continents. Aurora’s Common Shares trade on the TSX and NYSE under the symbol “ACB”, and are a constituent of the SP/TSX Composite Index.

Not unaccustomed to making headlines, the Canadian licensed producer went public on the New York Stock Exchange on Oct. 2018. Prior to that, it was speculated that the company was in talks with beverage giant Coca-Cola—the reports were later refuted by Aurora Cannabis.

 

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Read more at: https://www.thegrowthop.com/cannabis-business/aurora-cannabis-just-took-over-apple-favorite-pot-stock-among-millennials

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