Horizons ETFs Management ( Canada ) Inc. (” Horizons ETFs “) has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF (” HMMJ “:TSX) and the Horizons US Marijuana Index ETF (” HMUS “:NEO).

HMMJ is the world’s first ETF offering direct exposure to North American-listed securities that have significant business activities in the marijuana industry. This quarter, seven constituents were removed from HMMJ’s portfolio:


Deletions

Company Name

Ticker

Exchange

Agraflora Organics International Inc.

AGRA

CSE

Supreme Cannabis Co.

FIRE

TSX

Khiron Life Sciences Corp.

KHRN

TSX-V

Namaste Technologies Inc.

N-X

TSX-V

Pharmacielo Ltd.

PCLO

TSX-V

Sundial Growers Inc.

SNDL

NASDAQ

WeedMD Inc.

WMD

TSX-V

HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. This index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the marijuana industry. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the marijuana industry. Securities within HMMJ’s index generally have a market capitalization of greater than C$75 million .

Despite a strong recovery in Q2 2020  following the market volatility in March, Canada’s marijuana industry struggled in the third quarter in the face of COVID-19’s continued pressure on businesses and a lack of positive news to buoy the sector, said Steve Hawkins , President and CEO of Horizons ETFs. ” Additionally, growing confidence in potentially increasing federal political support for U.S.-based multi-state operators (MSOs) has resulted in net new money in the sector being increasingly allocated to U.S. names rather than the Canadian licensed producers.”

Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index are generally re-weighted by their respective market capitalization.

The holdings of HMMJ and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMMJ . It is important to note that HMMJ may not hold all of the constituent names in its index. The manager of the HMMJ, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMMJ’s index, provided they are consistent with the ETF’s investment objectives and strategies.

Performance Update as at September 30, 2020 *

1
Month

3
Month

6
Month

YTD

1
Year

3
Year

Annualized Since
Inception**

HMMJ

-12.74%

-13.57%

-0.09%

-28.42%

-45.73%

-8.28%

-8.26%

Source: Bloomberg, as at September 30, 2020 . **Since HMMJ’s inception on April 4, 2017 .

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The ETF is not guaranteed, its value changes frequently, and past performance may not be repeated.

HMUS REBALANCE

HMUS is the world’s first U.S.-focused marijuana index ETF. HMUS seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index, net of expenses. This index is designed to provide exposure to the performance of a basket of publicly listed companies having significant business activities in, or significant exposure to, the marijuana or hemp industries in the United States . Constituents of this index are selected from Canadian and U.S. exchanges. While some securities may be listed on major North American exchanges, the majority of the securities currently trade on North American exchanges that include but are not limited to the Canadian Securities Exchange and the Aequitas NEO Exchange.

This rebalance resulted in four additions and three removals from the portfolio:

Additions

Company Name

Ticker

Exchange

4Front Ventures Corp.

FFNT

CSE

ICanic Brands Company Inc.

ICAN

CSE

Red White & Bloom Brands Inc.

RWB

CSE

Tuscan Holdings Corp.

THCAU

NASDAQ

Deletions

Company Name

Ticker

Exchange

Flower One Holdings Inc.

FONE

CSE

iAnthus Capital Holdings Inc.

IAN

CSE

Slang Worldwide Inc.

SLNG

CSE

“The outlook for the U.S. cannabis industry has surged with the increasing possibility of a Democrat victory in November, particularly following Vice Presidential candidate Kamala Harris’ recent statements in support of decriminalization and legalization,” said Mr. Hawkins. “Despite continued federal restrictions on their businesses, U.S. MSOs have continued to scale-up and strengthen their brands and could be well-poised to challenge Canada’s LPs at home and on a global level once critical legislation permits them.”

Rebalancing of the US Marijuana Companies Index, and consequently HMUS, occurs each calendar quarter. At that point, all stocks eligible for inclusion in the index are generally re-weighted by their respective market capitalization.

The holdings of HMUS and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMUS . It is important to note that HMUS may not hold all of the constituent names in its index. The manager of HMUS, through the use of a stratified sampling strategy, may invest in securities that closely match the investment characteristics of HMUS’ index, provided they are consistent with the ETF’s investment objectives and strategies.

Performance Update as at September 30, 2020 *

1
Month

3
Month

6
Month

YTD

1
Year

Annualized Since
Inception**

HMUS

-13.81%

17.66%

45.66%

-15.17%

-22.60%

-47.88%

Source: Bloomberg, as at September 30, 2020 . **Since HMUS’ inception on April 17, 2019 .

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. The ETFs is not guaranteed, its value changes frequently, and past performance may not be repeated.

About Horizons ETFs Management ( Canada ) Inc. ( www.HorizonsETFs.com )

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 over $14.4 billion of assets under management and 93 ETFs listed on major Canadian stock exchanges.

Certain statements may constitute a forward-looking statement, including those identified by the expression “expect” and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise,

Commissions, management fees and expenses all may be associated with an investment in Horizons US Marijuana Index ETF and the Horizons Marijuana Life Sciences Index ETF  (the “ETFs”) managed by Horizons ETFs Management ( Canada ) Inc. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETFs. Please read the prospectus before investing.

There are risks associated with this product. HMUS is expected to invest in the Marijuana industry in certain U.S. states that have legalized marijuana for therapeutic or adult-use, which is currently illegal under U.S. federal law. HMUS will passively invest in companies involved in the marijuana industry in the U.S. where local state law regulates and permits such activities, as well as in companies involved in the Canadian legal Marijuana industry. HMUS will not be directly engaged in the manufacture, importation, possession, use, sale or distribution of marijuana in either Canada or the U.S. Please read the full risk disclosure in the prospectus before investing.

SOURCE Horizons ETFs Management ( Canada ) Inc.

News Provided by Canada Newswire via QuoteMedia

Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the opening of a new medical dispensary in King of Prussia, Pennsylvania .

Harvest of King of Prussia is located at 826 W Dekalb Pike, King of Prussia and is open Monday through Saturday from 9:00 am to 7:00 pm and Sunday from 10:00 am to 6:00 pm .  Additional Harvest affiliated dispensaries in Pennsylvania are located in Camp Hill , Cranberry Township , Harrisburg , Johnstown , Reading (two locations), and Scranton .

Keep reading... Show less

On October 29, 2020, RCP23, LLC (the “Seller”), a private investment holding company controlled by Benjamin Kovler, CEO and Chairman of Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) (the “Issuer”), sold 5,500,000 Subordinate Voting Shares of the Issuer (the “Transferred Shares”) to a third-party qualified institutional buyer at a purchase price of C$19.25 per share in a private transaction. Prior to the sale, at Seller’s request, the Issuer converted 54,805 Super Voting Shares and 49,448 Multiple Voting Shares of the Issuer previously held by the Seller into an aggregate 10,425,300 Subordinate Voting Shares per the terms of the Issuer’s Articles of Incorporation, as amended.

Following the sale, Mr. Kovler, together with his joint actors, holds beneficial ownership or control or direction over 183,254 Super Voting Shares, which represent 56.5% of the class, 0 Multiple Voting Shares, and 5,068,016 Subordinate Voting Shares, which represent less than 2.9% of the class. Each Super Voting Share carries 1,000 votes and is convertible into one Multiple Voting Share and each Multiple Voting Share carries 100 votes and is convertible into 100 Subordinate Voting Shares (each of which carries one vote).

Keep reading... Show less

NYSE | TSX: ACB

  • Filed Final Base Shelf Prospectus
  • Reiterates Guidance on Previously Provided Fiscal 2021 First Quarter Financial Results
  • Expects Full Compliance With All Fiscal Q1 Financial Covenants

Aurora Cannabis Inc. (the ” Company ” or ” Aurora “) (NYSE | TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced it has filed and been receipted on a final short form base shelf prospectus (the “Shelf Prospectus”) with securities regulators in each of the provinces of Canada except Quebec and a corresponding shelf registration statement on Form F–10 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”).

Keep reading... Show less

– Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020 inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.

Keep reading... Show less

 BioHarvest Sciences Inc. (“BioHarvest” or the “Company”) (CSE: BHSC) announces that it has added Advocate Roberto Chait to the Company’s Advisory Board.

Adv. Chait brings to the Company a wealth of experience in corporate and international trade law, intellectual property law, and cross border international transactions. His knowledge and expertise in these areas have been acquired representing major global clients across highly relevant industries for the Company including the Food and Beverage, Food Tech, and International Media industries.

Keep reading... Show less