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AdvisorShares Pure Cannabis ETF C.YOLO


Primary Symbol: YOLO

The investment seeks longterm capital appreciation. The fund is an actively managed exchangetraded fund ETF that seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets plus any borrowings for investment purposes in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business and in derivatives or other instruments that have economic characteristics similar to such securities. It is nondiversified. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business and in derivatives or other instruments that have economic characteristics similar to such securities. It is non-diversified.


ARCA:YOLO - Post by User

Post by bennysauron Apr 25, 2019 5:03pm
92 Views
Post# 29671720

I'm out

I'm outWish I had gotten out much sooner and I'm taking a big loss on my investment but I think it's the right decision. Extremely disappointed in past decisions of the company where clearly, an unacceptable amount of due diligence was completed. Namely Jerome Baker for which it cannot even get financial statements, and now R&D Pharma where they can only recover 30 million of the 80 million shares, leaving the 50 million shares essentially, issued for nothing (confirmed in discussions with investor relations today) because Weekend Unlimited is simply walking away from it's investment. I hope for the sake of remaining investors that there are not issues with any of the company's remaining investments.
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