The New Cannabis ETF Makes Some Additions

The Cannabis ETF (NYSE: THCX), one of several marijuana exchange traded funds that debuted last month, is already making some changes to its roster.

THCX, which tracks the Innovation Labs Cannabis Index, added four companies to the portfolio: Valens GroWorks Inc. (TSXV: VGW), EnWave Corp. (TSXV: ENW), cbdMD Inc. (NYSE: YCBD) and and Fire Flower Holdings (TSX: FAF).

Three holdings that were in the original THCX portfolio when the fund debuted last month have been removed: Innovative Industrial Properties (NYSE: IIPR), Vivo Cannabis (TSXV: VIVO) and CannTrust Holdings (NYSE: CTST).

Benzinga’s Cannabis Capital Conference heads to Detroit on Aug. 15 — click here to learn more!

Why It’s Important

Shares of CannTrust have plunged 15% this month and nearly 52% year to date as the company has been embroiled in regulatory controversy. Reports swirled that the company received notice from a Canadian regulator that one

... read more at: https://www.benzinga.com/markets/cannabis/19/08/14261218/the-new-cannabis-etf-makes-some-additions

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