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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 Gladiator3on Jul 11, 2019 9:44am
136 Views
Post# 29908239

Update on their assets.

Update on their assets.

If you missed it or did not see this :

Update on Assets

After extensive analysis by the Company's board and leadership, it was determined that the

Company’s focus on revenue generation in the near term was not served by continuing an

interest in VBC, Verve Beverage Company and its Verve and Champ brands. The Company has

transferred the assets back to the rights holder with all liabilities and received in return

18,000,000 shares of Weekend Unlimited as of July 8th

.

In addition, the Company's board and leadership has decided not to proceed with prior

leadership's previously announced initiative to open a store in Long Beach, California.

“Since assuming the position of President and CEO, there has been extensive analysis

completed on the Company’s assets and how they support our focus on revenue generation,”

said Mr. Backus. “In order to create value for shareholders that the Company can build its

future growth upon, that focus is squarely on the launch and expansion of the WKND! branded

products and Northern Lights Organics in the near term.”

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