To celebrate Valentine’s Day, a Canadian investment company plans to launch a brand-new cannabis stock exchange traded fund . . . a cannabis stock ETF.
It starts trading LIVE on Feb. 14.
Discover why this could be the #1 cannabis stock ETF to BUY NOW. Just click here for my LIVE analysis.
Back in 2017, Horizons ETFs launched a new fund known as the Horizons Marijuana Life Sciences ETF (TSX: HMMJ).
The ground-breaking fund had its debut in April 2017 at $11. Since then, the HMMJ has jumped 83.5%.
That’s six times more profits than the S&P 500 index.
Good performance and first-mover advantage has helped the fund attract C$716 million in investment capital.
Now, Horizon ETFs is building on that success with the launch of the Horizons Emerging Marijuana Growers Index ETF (HMJR).
The fund will invest in 26 stocks that are in the business of cultivation, production and distribution of cannabis. Basically, that means it’ll be investing in Canadian cannabis stocks – although the prospectus states that up to 20% of investments may be outside North America.
Companies included in the pot stock ETF will have market capitalizations between $50 million and $500 million.
The HMJR will exclude larger Canadian cannabis stocks including Canopy Growth (TSE: WEED) and large drug development companies like GW Pharmaceuticals (NASDAQ: GWPH).
In the larger HMMJ ETF, the top six stocks comprise 52% of the fund’s allocation. And each of those stocks is valued at over $1 billion.
Meanwhile, this new cannabis stock ETF will be focused on the smaller growers from Canada and Australia.
Go here for details on the stocks included in this brand-new ETF.
The new small-cap cannabis stock ETF will begin trading in Canada on Feb. 14.
Is this new cannabis stock ETF a “BUY”? What stocks are better than an ETF? Want to discover my top “pot stocks” for 2018?
The 2018 Pot Stock Briefing reveals everything – including my top five stocks to BUY NOW.