Horizons Adds New Cannabis Stocks to Its ETFs

Cannabis stocks had a terrible fourth quarter as the broader market selloff took cannabis stocks along for the ride into red territory. The Green Market Report Cannabis Company Index fell by 33% in the fourth quarter after a scorching hot third quarter in which stocks jumped over 50%.

One of the most successful cannabis ETFs, The Horizons Marijuana Life Sciences Index ETF  (HMLSF)  (HMMJ: TSX) and its sister ETF Horizons Emerging Marijuana Growers Index ETF (HMJR:NEO) have rebalanced their portfolios adding new companies to the basket of stocks. 

“This has been a difficult quarter for the Marijuana sector, and the slowdown in growth contributed to fewer names being added to HMMJ’s portfolio” said Steve Hawkins, President and CEO of Horizons ETFs. “Long-term, we believe there are still quite a few drivers of growth for the sector, including the growth of global medical marijuana opportunity and continued liberalization of marijuana laws in

... read more at: https://realmoney.thestreet.com/investing/cannabis/horizons-adds-new-cannabis-stocks-to-its-etfs-14828608

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