Millennials have drawn significant attention after passing baby boomers as the largest demographic in both Canada and the United States. This is a generation that will be forced to take on added risk in a low interest rate environment. Millennials who recognize this reality and have entered the stock market should target high-quality companies in growing industries.
Let’s take a look at four companies today that I like for young investors.
Aphria Inc. (TSX:APH) is a medical marijuana and cannabis oil producer that is in a fantastic position heading into 2018 due to the expected rollout of recreational cannabis legalization in the summer. Aphria released its fourth-quarter results on July 12. Revenues were up 105% to $5.7 million from Q4 2016, and gross profit jumped to $17.3 million from $5.9 million the previous year. Aphria managed to significantly drop production costs, represented as produced dried cannabis per gram, to $1.11
... read more at: https://www.fool.ca/2017/10/04/4-growth-stocks-for-millennials/