It's a Small ETF but it's a start!Horizons ETFs Rebalances Marijuana-Focused ETFs HMJR Rebalance
HMJR seeks to replicate, to the extent possible, the performance of the Emerging Marijuana Growers Index, net of expenses. This index is designed to provide exposure to the performance of a basket of primarily North American publicly listed small-capitalization companies primarily involved in the cultivation, production and/or distribution of marijuana.
HMJR invests in companies with market capitalizations generally between CAD $50 million and CAD $500 million. The ETF's portfolio is 100% invested in marijuana producers and distributors, and it can have exposure to companies outside of North America.
The HMJR portfolio recently expanded to include the following 20 constituents:
| Company Name | Ticker | Exchange |
| MGC Pharmaceuticals Ltd. | MXC | Australian Securities Exchange |
| THC Global Group Ltd. | THC | Australian Securities Exchange |
| Creso Pharma Ltd. | CPH | Australian Securities Exchange |
| Vireo Health Intl. Inc. | VREO | Canadian Securities Exchange |
| Cansortium Inc. | TIUM/U | Canadian Securities Exchange |
| Benchmark Botanics Inc. | BBT | Canadian Securities Exchange |
| Cannabis One Holdings Inc. | CBIS | Canadian Securities Exchange |
| Zenabis Global Inc. | ZENA | Toronto Stock Exchange |
| Sugarbud Craft Growers Corp. | SUGR | TSX Venture Exchange |
| Ignite International Brands | BILZ | Canadian Securities Exchange |
| Body & Mind Inc. | BAMM | Canadian Securities Exchange |
| Stem Holdings Inc. | STEM | Canadian Securities Exchange |
| Mjardin Group Inc. | MJAR | Canadian Securities Exchange |
| Transcanna Holdings Inc. | TCAN | Canadian Securities Exchange |
| Ravenquest Biomed Inc. | RQB | Canadian Securities Exchange |
| Icc International Cannabis Corp. | WRLD/U | Canadian Securities Exchange |
| Agraflora Organics International | AGRA | Canadian Securities Exchange |
| Auxly Cannabis Group Inc. | XLY | TSX Venture Exchange |
| Cannara Biotech Inc. | LOVE | Canadian Securities Exchange |
| Organic Flower Investment Group Inc. | SOW | Canadian Securities Exchange |
"The HMJR portfolio had more than 20 names added to it this quarter. Many of these new constituents are companies focused on non-Canadian markets," said Mr. Hawkins. "HMJR now has significant exposure to emerging global Marijuana markets, including Australia, Israel, and of course the United States. Many of the new entrants to these markets start as smaller-capitalization stocks, meaning that HMJR tends to get exposure to the early entrants into new markets."
Rebalancing of the Emerging Marijuana Growers Index, and consequently HMJR, occurs each calendar quarter. At that point, all stocks eligible for inclusion are generally re-weighted by their respective market capitalization. The holdings of HMJR and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMJR.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $10 billion of assets under management and 90 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.
Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.
There are risks associated with HMUS. HMUS is expected to invest in the Marijuana industry in certain U.S. states that have legalized marijuana for therapeutic or adult-use, which is currently illegal under U.S. federal law. HMUS will passively invest in companies involved in the marijuana industry in the U.S. where local state law regulates and permits such activities, as well as in companies involved in the Canadian legal Marijuana industry. HMUS will not be directly engaged in the manufacture, importation, possession, use, sale or distribution of marijuana in either Canada or the U.S. Please read the full risk disclosure in the prospectus before investing.
SOURCE Horizons ETFs Management (Canada) Inc.
View original content: https://www.newswire.ca/en/releases/archive/July2019/03/c3355.html
For investor inquiries: Contact Horizons ETFs at 1-866-641-5739 (toll-free) or (416) 933-5745, info@horizonsetfs.com; For media inquiries: Contact Jonathan McGuire, External Communications Manager, Horizons ETFs Management (Canada) Inc., (416) 640-2956, jmcguire@horizonsetfs.comCopyright CNW Group 2019