Managers Explain Their Cannabis ETFs: CNBS
Friday, 2 October 2020, 19:58:06
By Natan Ponieman and Javier Hasse . In this four-part series, Benzinga takes an exclusive look at some of the highest valued, US-traded cannabis ETFs. For our fourth and last installment, we spoke with Tim Seymour, director and founder of The Amplify Seymour Cannabis ETF (NYSE: CNBS ). Part one examined the ETFMG Alternative Harvest ETF (NYSE: MJ ); part two featured The Cannabis ETF (NYSE: THCX ) and part three spotlighted AdvisorShares Pure Cannabis ETF (NYSE: YOLO ). The Amplify Seymour Cannabis ETF (NYSE: CNBS ) launched on the New York Stock Exchange in July 2019. It’s an actively-managed ETF led by Seymour, who is CIO of Seymour Asset Management firm, and Senior Advisor to the JWAM Growth (Cannabis) Fund. “In my ETF we have a clear set of guardrails requirements we have to follow for investability,” says Seymour. “We are a cannabis specific ETF and we are named as such and labeled as such. So we have to have a particular concentration of cannabis names in the portfolio. And those names have to have a particular concentration of …
Managers Explain Their Cannabis ETFs: YOLO
Thursday, 1 October 2020, 15:14:47
By Natan Ponieman and Javier Hasse . In this four-part series, Benzinga takes an exclusive look at some of the highest valued, US-traded cannabis ETFs. For part three, we spoke with Dan S. Ahrens, Managing Director and the Chief Operating Officer of AdvisorShares Pure Cannabis ETF (NYSE: YOLO ). For part one , we examined the ETFMG Alternative Harvest ETF (NYSE: MJ ) and in part two , we spoke to The Cannabis ETF (NYSE: THCX ). AdvisorShares Pure Cannabis ETF (NYSE: YOLO ) launched April 2019, and is the first actively managed cannabis ETF in the U.S. With about $46 million in assets, YOLO stands out for its investment exposure to the U.S. multi-state operators (MSOs), which cannot be achieved by some of its competitors due to regulatory barriers. BZ Cannabis: What’s the fund criteria for putting together the index? D.A.: With individual security selection (rather than being index-based), we hand-elect cannabis-related … Full story available on Benzinga.com
Managers Explain Their Cannabis ETFs: THCX
Tuesday, 29 September 2020, 21:55:12
By Natan Ponieman and Javier Hasse . In this four-part series, Benzinga takes an exclusive look at some of the highest valued, US-traded cannabis ETFs. For part two, we spoke with Matt Markiewicz, executive director of The Cannabis ETF (NYSE: THCX ). For part one , we examined the ETFMG Alternative Harvest ETF (NYSE: MJ ). The Cannabis ETF was launched in July 2019. This passive fund follows the Innovation Labs Cannabis Index, a portfolio of global stocks that have a business interest in the legal marijuana; hemp; and CBD-based pharmaceutical, consumer and wellness markets. Markiewicz served as director of iShares, BlackRock’s ETF division, for six years before launching the fund. BZ Cannabis: What’s the fund criteria for putting together the index? M.M.: In order for a stock to be eligible for initial inclusion in the index, it must trade on the NYSE, Nasdaq, TSX, TSX Venture or Australian Stock Exchange. Operate a legal business in the jurisdiction where it’s based. Recreational cannabis in Canada is legal, but it’s not in the U.S.
Cannabis ETFs Strengthen as Canopy Growth Pushes into U.S. Markets
Tuesday, 28 July 2020, 23:25:35
Cannabis sector-related exchange traded funds led the charge on Tuesday, shaking off the broader market malaise, as Canopy Growth (NYSE: CGC) partners with Martha Stewart to launch a website to sell CBD products in the U.S. Among the best performing non-leveraged ETFs of Tuesday, the ETFMG Alternative Harvest ETF (NYSEArca: MJ) advanced 4.3%, Cambria Cannabis ETF […] The post Cannabis ETFs Strengthen as Canopy Growth Pushes into U.S. Markets appeared first on ETF Trends .
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The Week In Cannabis: Stocks Underperform Broader Market, Bad News For Zynerba, Organigram And More
Sunday, 5 July 2020, 20:00:34
It was a relatively quiet week ahead of the Fourth of July. Nonetheless, a handful of announcements had the cannabis markets buzzing. Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE ) plummeted after the company, focused on the development of cannabinoid-based therapies for rare and near-rare neuropsychiatric disorders, said its product cadidate, Zygel, did not meet the primary and secondary endpoints of a pivotal study dubbed CONNECT-FX that evaluated the safety and efficacy of the pipeline asset in Fragile X syndrome patients. Canadian cannabis producer Organigram Holdings (TSE: OGI) (NASDAQ: OGI ) announced it would reduce its staff by 25%, firing 220 employees. In some positive news, Acreage Holdings Inc. (CSE: ACRG) (OTC: ACRGF ) finalized the $10-million purchase of New Jersey’s Compassionate Care Foundation Inc . (CCF). Lawn and garden care company Scotts Miracle-Gro (NYSE: SMG ) (FRA: SCQA) announced it would launch a $50-million venture capital fund, 1868 Ventures. The fund will invest in early stage companies that align with its business model and possibly operate as partners.
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