Horizons proposes new cannabis ETF – Article – BNN

Horizons has filed a preliminary prospectus for a new ETF to help investors get into cannabis stocks.

The Horizons Medical Marijuana Life Sciences ETF, which will trade under the ticker HMMJ on the Toronto Stock Exchange.

Marijuana stocks like Canopy Growth (WEED.TO) have piqued the interest of Canadian investors since moving over from the Venture exchange in 2016.

But Jacob Capital Management Head of Research Khurram Malik, told BNN Monday that proposed cannabis ETFs might not be the pure play investors might be looking for in the marijuana space.

“A few other ETFs will be launching in the next little while later on this year, as well,” Malik told BNN. “The tricky thing is, can you put enough constituents to put into the ETF to meet those really strict requirements in terms of liquidity hurdles, in terms of market cap hurdles, et cetera.”

“You’re going to probably see some weird life sciences companies to sort

... read more at: https://www.bnn.ca/horizons-proposes-new-cannabis-etf-1.682336

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