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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

Comment by DonkeyInvestorson Apr 22, 2019 10:48am
109 Views
Post# 29654392

RE:Weekend has Verve

RE:Weekend has Verved) On July 17, 2018 the Company entered a letter of intent (“LOI”) to acquire all of the issued and outstanding shares of Verve Beverage Company (“Verve”). As consideration the shareholders of Verve will receive 100,000,000 common shares of the Company. As part of the LOI the Company will provide Verve with funding of $US 2,000,000. Verve has a 20 year license with a 3% royalty paid to Vemma Nutrition Company on sales, and is entitled to 49% of the equity sale value in the event the Verve Brand is sold in the future.
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