Not too promising...So just for fun I looked up the top performing MJ ETFs for February (TOKE, MSOS, CNBS, MJ, YOLO and THCS) and each one’s top 10 holdings. Well guess what? CGC nor WEED is listed in five of these ETFs. MJ is the only one with a top 10 holding of Canopy, coming in at 6th place with a surprisingly small 3.5% of the total.
This is not very encouraging when I see how well these ETFs are doing compared to Canopy on its own. I think the reason for not holding CGC/WEED is clear. The industry knows what’s going on. Even HMMJ has demoted Canopy from 2nd place to 10th in the last year. Holding percentage is now only 2.45%. WTF!