Horizons ETFs Management (Canada) Inc. has completed the quarterly rebalance of the constituent holdings of the Horizons Marijuana Life Sciences Index ETF (“HMMJ”:TSX), the Horizons US Marijuana Index ETF (“HMUS”:NEO) and the Horizons Emerging Marijuana Growers Index ETF (“HMJR”:NEO).
HMMJ is the world’s first ETF offering direct exposure to North American-listed securities that are involved with marijuana bioengineering and production. Once again, the ETF has added additional companies to its portfolio as more firms have become eligible for inclusion in its underlying index – the North American Marijuana Index.
The HMMJ portfolio recently expanded to include the following 10 constituents:
|
Company Name |
Ticker |
Exchange |
|
Sproutly Canada Inc. |
SPR |
Canadian Securities Exchange |
|
Valens Groworks Corp. |
VGW |
Canadian Securities Exchange |
|
Abacus Health Products Inc. |
ABCS |
Canadian Securities Exchange |
|
Corbus Pharmaceuticals Holdings |
CRBP |
NASDAQ |
|
Cardiol Therapeutics Inc.-A |
CRDL |
Toronto Stock Exchange |
|
Enwave Corp. |
ENW |
TSX Venture Exchange |
|
Intec Pharma Ltd. |
NTEC |
NASDAQ |
|
Pyxus International Inc. |
PYX |
NYSE American |
|
cbdMD Inc. |
YCBD |
NYSE American |
|
Youngevity International Inc. |
YGYI |
NASDAQ |
HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. This index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the Marijuana industry. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the Marijuana industry.
“The last quarter was a difficult one for Marijuana-sector investors. After more than a 50% run-up in the value of HMMJ, performance in the sector tailed off. Nevertheless, HMMJ is still up more than 30% year to date, so it remains one of the strongest-performing equity sectors in 2019,” said Steve Hawkins, President and CEO of Horizons ETFs. “During this rebalance, we saw a lot of U.S.-listed stocks enter the North American Marijuana Index, and by extension the ETF. Many of these producers, such as cbdMD and Youngevity International, are involved in the legal CBD and Hemp markets in the U.S. We expect that as the industry grows, so too will the number of U.S. legal CBD-focused firms that will qualify for index inclusion.”
Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion are generally re-weighted by their respective market capitalization. The holdings of HMMJ and its current portfolio weights are regularly updated and available at https://www.HorizonsETFs.com/HMMJ.