Horizons ETFs Management (Canada) announced this morning the quarterly rebalance of their cannabis-focused ETFs Horizons Marijuana Life Sciences Index ETF (TSX: HMMJ), Horizons US Marijuana Index ETF (NEO: HMUS), and Horizons Emerging Marijuana Growers Index ETF (NEO: HMJR).
Horizons’ claim to fame in the cannabis world involves their HMMJ ETF which was the first ever ETF that provided direct exposure to North American cannabis stocks. As usual, the ETFs have completed their quarterly rebalancing and since more companies have become eligible for inclusion the ETFs have added additional cannabis companies to their portfolio.
Let’s dive in and take a look at which stocks were added to the 3 Horizons Cannabis ETFs.
Horizons Marijuana Life Sciences Index ETF (TSX: HMMJ)
- Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G)
- Valens GroWorks Corp. (CSE: VGW) (OTCQB: VGWCF)
- Abacus Health Products, Inc. (CSE: ABCS) (OTCQX: ABAHF)
- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP)
- Cardiol Therapeutics Inc. (TSX: CRDL) (OTCQX: CRTPF)
- EnWave Corporation (TSXV: ENW (OTCPK: NWVCF) (FSE: E4U)
- Intec Pharma Ltd. (NASDAQ: NTEC)
- Pyxus International, Inc. (NYSE: PYX)
- cbdMD, Inc. (NYSE-A: YCBD)
- Youngevity International, Inc. (NASDAQ: YGYI)
“The last quarter was a difficult one for Marijuana-sector investors. After more than a 50% run-up in the value of HMMJ, performance in the sector tailed off. Nevertheless, HMMJ is still up more than 30% year to date, so it remains one of the strongest-performing equity sectors in 2019,” said Steve Hawkins, President and CEO of Horizons ETFs. “During this rebalance, we saw a lot of U.S.-listed stocks enter the North American Marijuana Index, and by extension the ETF. Many of these producers, such as cbdMD and Youngevity International, are involved in the legal CBD and Hemp markets in the U.S. We expect that as the industry grows, so too will the number of U.S. legal CBD-focused firms that will qualify for index inclusion.”
Horizons US Marijuana Index ETF (NEO: HMUS)
- Abacus Health Products, Inc. (CSE: ABCS) (OTCQX: ABAHF)
- Body and Mind Inc. (CSE: BAMM) (OTCPK: BMMJ)
- Ignite International Brands, Ltd. (CSE: BILZ)
- Cannex Capital Holdings Inc. (CSE: CNNX) (OTCQX: CNXXF)
- Dixie Brands Inc. (CSE: DIXI.U) (OTCQX: DXBRF)
- Jushi Holdings Inc. (NEO: JUSH.B)
- TransCanna Holdings Inc. (CSE: TCAN) (OTCPK: TCNAF) (FSE: TH8)
- TILT Holdings Inc. (CSE: TILT) (OTCQB: SVVTF)
- Cansortium Inc. (CSE: TIUM)
- Vireo Health International Inc. (CSE: VREO; OTCQX: VREOF)
- cbdMD, Inc. (NYSE-A: YCBD)
“Both medical and recreational marijuana usage are illegal at the federal level in the United States. However, that hasn’t stopped the rapid growth of a large U.S. Marijuana industry that is centred around U.S. states where marijuana usage is legal. In fact, sales of cannabis-focused products in legal states already surpass the size of the entire Canadian market, according to ArcView Research,” said Mr. Hawkins. “With the rapid expansion of the U.S. market, we are seeing a lot more companies eligible for index inclusion. Almost all of these companies are listed in Canada. The Canadian capital markets are providing early access to many companies that could be big leaders in the U.S. Cannabis business going forward.”
Source: Shutterstock
Horizons Emerging Marijuana Growers Index ETF (NEO: HMJR)
- MGC Pharmaceuticals Ltd. (ASX: MXC)
- THC Global Group Ltd. (ASX: THC)
- Creso Pharma Ltd. (ASX: CPH)
- Vireo Health International Inc. (CSE: VREO) (OTCQX: VREOF)
- Cansortium Inc. (CSE: TIUM)
- Benchmark Botanics Inc. (CSE: BBT) (OTCPK: BHHKF) (FSE: BBW.F)
- Cannabis One Holdings Inc. (CSE: CBIS)
- Zenabis Global Inc. (TSX: ZENA)
- Sugarbud Craft Growers Corp. (TSXV: SUGR)
- Ignite International Brands, Ltd. (CSE: BILZ)
- Body and Mind Inc. (CSE: BAMM) (OTCPK: BMMJ)
- Stem Holdings Inc. (CSE: STEM) (OTCQB: STMH)
- Mjardin Group Inc. (CSE: MJAR) (OTCQX: MJARF)
- TransCanna Holdings Inc. (CSE: TCAN) (OTCPK: TCNAF) (FSE: TH8)
- Ravenquest Biomed Inc. (CSE: RQB) (OTCQB: RVVQF) (FSE: 1IT)
- Icc International Cannabis Corp. (CSE: WRLD.U) (OTCPK: WLDCF) (FWB: 8K51)
- Agraflora Organics International (CSE: AGRA) (OTCPK: PUFXF) (FSE: PU31)
- Auxly Cannabis Group Inc. (TSXV: XLY) (OTCQX: CBWTF)
- Cannara Biotech Inc. (CSE: LOVE) (OTCQB: CNBTF) (FRA: 8CB)
- Organic Flower Investment Group Inc. (CSE: SOW) (OTCPK: QILFF)
“The HMJR portfolio had more than 20 names added to it this quarter. Many of these new constituents are companies focused on non-Canadian markets,” said Mr. Hawkins. “HMJR now has significant exposure to emerging global Marijuana markets, including Australia, Israel, and of course the United States. Many of the new entrants to these markets start as smaller-capitalization stocks, meaning that HMJR tends to get exposure to the early entrants into new markets.”
About Horizons ETFs Management (Canada):
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange-traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $10 billion of assets under management and 90 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.
For additional info about Horizons ETFs Management please visit the company’s website here.
Read the full Horizons ETFs press release
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