The Berkshire Hathaway of Pot Will Begin Trading on the NYSE Tuesday
The Edmonton, Canada-based company, referred to in some circles as the Berkshire Hathaway Inc. (BRK.B) of cannabis because of its successful track record investing in other firms, said its shares will trade under the ticker “ACB,” the same symbol it uses in its separate Toronto Stock Exchange listing.
Interesting article about Aurora Cannabis Inc. which will begin trading on the New York Stock Exchange tomorrow. All the cannabis stocks, including Aurora, have been crushed the last 2 days, classic buy the rumor sell the news. Now that cannabis is legal in Canada, all these marijuana companies are going to have to prove they can make it as a business. I think Aurora is going to be fine, and if I had the money, I'd double down at these prices....
Read the full story here...
https://www.investopedia.com/news/berkshire-hathaway-pot-will-begin-trading-nyse-tuesday/
Aurora closed at US$8.69 today, down 12%, ouch!
I have been trying to buy this stock for a while now and Its great to hear that it will be offered.
And it's on sale....