As investors and traders these days search for ways to make a quick buck, one stock has become the talk of the town: INND. Driven by the booming e-commerce market and the recent push to purchase stocks through the mobile-friendly Robinhood platform, INND has become one of the most popular stocks to own on the platform. INND stands for Innovative Industrial Properties, and it’s a real estate investment trust (REIT) that mainly focuses on cannabis-related properties.
What is INND?
INND is a publicly traded real estate investment trust (REIT) on the New York Stock Exchange that is focused on the cultivation, production, and sale of medical-use and adult-use cannabis in the U.S. It also owns a portfolio of properties across the country, which it leases to state-licensed cannabis operators in exchange for rent. The company is based in San Diego and was founded in 2016.
Why is INND Popular?
INND is gaining a lot of attention because it is one of the only cannabis-focused REITs in the market. This makes it a great option for investors looking for a way to diversify their portfolio. Furthermore, INND is popular because of the ease of purchasing it through the Robinhood mobile app. Robinhood is a popular app among younger investors and traders, which has helped to drive the demand for INND stock.
How has INND Performed on Robinhood?
INND has been performing exceptionally well on Robinhood since it was added to the platform in late 2020. The stock has more than doubled in price and currently trades at around $112 per share. This is mainly due to the increased demand for cannabis-related investments, as well as the ease of purchasing the stock through Robinhood.
What is Causing the Growth of INND?
There are several factors that have led to the growth of INND on Robinhood. First, the recent surge in e-commerce has driven up demand for cannabis-related companies, as more consumers are turning to online platforms for their cannabis purchases. Additionally, the growth of Robinhood as a platform for trading stocks has helped to drive up demand for INND, as it provides a convenient and mobile-friendly way for investors to purchase the stock.
What to Consider Before Investing in INND
Before investing in INND, it is important to consider both the risks and rewards associated with the stock. The cannabis industry is still relatively new and there are a lot of unknowns that could affect the performance of the stock. Additionally, it is important to understand the tax implications of investing in INND as it is classified as a REIT. As with any investment, it is essential to do your research and make sure you understand the underlying fundamentals before investing.
Where Can I Find More Information About INND?
If you are interested in learning more about INND, there is plenty of information available online. The company’s investor website is a great place to start, as it provides detailed information about the company and its portfolio. Additionally, there are several online forums and discussion groups dedicated to discussing INND and other cannabis stocks, which can provide valuable insights into the company and the industry.
Conclusion
INND is quickly becoming one of the most popular stocks to own on Robinhood and is gaining a lot of attention due to the booming e-commerce market and the ease of purchasing the stock through the app. While it’s important to understand the risks and rewards before investing in INND, it is clear that the stock has plenty of potential for future growth. With the right research and due diligence, investing in INND could be a great way to diversify your portfolio and capitalize on the booming cannabis industry.
I’m Kieran Walker, and I’m a Celebrity and Financial Expert. I live in Monaco, and I love helping people make the most of their money. Whether it’s through investments, or just making sure they’re getting the best deals on everything they buy, I want to help as many people as possible grow their wealth.
I’ve worked with some of the biggest names in the world when it comes to finance, and I’m always looking for new ways to help people save money. If there’s one thing I know, it’s that money can be a powerful tool – but only if you use it correctly.