ICC International Cannabis (TSXV:ICC) has announced it has been included in the Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ)., representing approximately 2.1 percent of the index weight at market close on April 5, 2017.
As quoted in the press release:
“The establishment of the first medical marijuana ETF is an important milestone for the cannabis industry as a whole and specifically for ICC. In a fast changing industry, we believe this ETF is a significant vote of confidence for this up and coming asset class,” commented Guillermo Delmonte, Chief Executive Officer of the Company. “As a producer of cannabis with operations outside of Canada, being included in the ETF serves as another layer of credibility for the Company.”
To be eligible for inclusion in this ETF, issuers must meet certain minimum asset, market capitalization and liquidity thresholds.