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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 1004on Feb 01, 2019 3:43pm
87 Views
Post# 29307644

DONT FORGET THE ACQUISITION OF VERVE!! DISTRIBUTION

DONT FORGET THE ACQUISITION OF VERVE!! DISTRIBUTION
in 3 countries!!(VBC). "With the addition of Verve we now have a platform for Weekend to expand both its distribution and product offerings, THC (tetrahydrocannabinol) by state where legal and CBD (cannabidiol) across the country. This distribution network will allow us to grow and manage indirect channel and big-box placements nationwide for multiple brands in our portfolio," said Paul Chu, Weekend president and chief executive officer. "Verve is a premium energy beverage with over $236-million (U.S.) in historical sales in the direct-to-consumer channel. VBC Brands owns the exclusive distribution licence to launch this proven brand into retail stores in the U.S., Canada and Mexico, leveraging over $150-million spent in marketing and developing the brand," said Bradley Robb, president of VBC Brands.
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