Horizons Medical Marijuana Life Sciences ETF Begins Trading
on the TSX
TORONTO, April 5, 2017 /CNW/ - Horizons ETFs Management
(Canada) Inc. ("Horizons
ETFs") is pleased to announce the launch of the Horizons
Medical Marijuana Life Sciences ETF ("HMMJ"). Units of the
exchange traded fund ("ETF") begin trading on the Toronto
Stock Exchange ("TSX") today under the ticker symbol
HMMJ.
HMMJ is the first ETF in the world that offers direct exposure
to North American-listed stocks that are involved with medical
marijuana bioengineering and production.
"Canada is the birthplace of
ETFs and has been home to many firsts in the industry. The Horizons
Medical Marijuana Life Sciences ETF is another made-in-Canada ETF
milestone, the world's first marijuana ETF," said Steve Hawkins, President and Co-CEO of Horizons
ETFs. "At Horizons, we take pride in our innovation, so we're
very happy that for the first time, investors will be able to
access a low-cost, diversified portfolio of companies that are
directly involved in the rapidly growing medical marijuana
industry."
HMMJ is an index (or passively managed) ETF, which seeks to
replicate, to the extent possible, the performance of Solactive's
North American Medical Marijuana Index ("the Index"), net of
expenses. The Index provides exposure to the performance of a
basket of North American publicly listed life sciences companies,
and other firms, with significant business activities in the
marijuana industry. The Index selects from a current universe of
companies that have operations that may include one or more of
biopharmaceuticals, medical manufacturing, distribution,
bioproducts and other ancillary businesses, related to the
marijuana industry.
Only stocks that meet minimum asset and liquidity thresholds are
eligible for inclusion in the Index. Stocks are rebalanced
quarterly on a market-capitalization basis, and capped so that no
single stock can exceed 10% of the weight of the Index when
rebalanced.
The following table of securities shows the current weights of
the Index as at March 17, 2017. HMMJ
may not necessarily hold all of the securities in the Index. If
Horizons ETFs becomes aware that one or more constituent issuers of
HMMJ's Index conduct activities in violation of applicable laws,
including state or federal legislation in the United States, HMMJ will not hold the
securities of those constituent issuers, notwithstanding their
inclusion in the Index.
Company
Name
|
Market
Capitalization1 (in CAD)
|
Index
Weight2
|
Scotts Miracle-Gro
Company Class A
|
7,309,373,479
|
10.00%
|
GW Pharmaceuticals
PLC Sponsored ADR
|
4,382,988,585
|
10.00%
|
Canopy Growth
Corporation
|
1,884,258,816
|
10.00%
|
Insys Therapeutics,
Inc.
|
1,160,189,978
|
10.00%
|
Aurora Cannabis
Inc.
|
765,459,712
|
10.00%
|
Aphria
Inc.
|
743,520,128
|
10.00%
|
Cronos Group
Inc.
|
412,373,248
|
7.78%
|
Zynerba
Pharmaceuticals Inc.
|
370,825,394
|
7.00%
|
OrganiGram Holdings
Inc.
|
256,249,808
|
4.83%
|
CanniMed
Therapeutics, Inc.
|
253,300,112
|
4.78%
|
Emblem
Corp.
|
216,826,272
|
4.09%
|
Supreme
Pharmaceuticals Inc.
|
203,529,184
|
3.84%
|
CannaRoyalty
Corp.
|
127,609,376
|
2.41%
|
Emerald Health
Therapeutics, Inc.
|
103,979,000
|
1.96%
|
ICC International
Cannabis Corp.
|
94,248,008
|
1.78%
|
Maple Leaf Green
World, Inc.
|
81,145,192
|
1.53%
|
|
1As at
March 2, 2017.
|
2As at
March 17, 2017.
|
"The rapid growth of the medical marijuana industry, which
includes the growth in the size of companies and the number of
companies that are publicly listed on North American stock
exchanges, has created enough market depth and liquidity to make
launching an ETF with this unique theme possible," said Mr.
Hawkins. "It's rare that investors get an opportunity to invest
in what is essentially an entirely new sector of stocks. Despite
the recently strong performance of many of these companies, we do
think that we're still in the early stages of what could be a
unique long-term growth opportunity."
HMMJ has closed its initial offering of units and will begin
trading on the TSX when the market opens this morning.
About Solactive (www.solactive.com)
Solactive AG is an innovative index provider that focuses on the
development, calculation and distribution of tailor-made indices
over all asset classes. As of January
2017, Solactive AG served approximately 350 clients in
Europe, America and Asia, with approximately USD $100 billion invested in products linked to
indices calculated by the Company globally, primarily via 250
exchange traded funds from a number of well-known providers.
Solactive AG was established in 2007 and is headquartered in
Frankfurt.
About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro
Management Inc. are innovative financial services companies
offering the Horizons ETFs family of exchange traded funds. The
Horizons ETFs family includes a broadly diversified range of
investment tools with solutions for investors of all experience
levels to meet their investment objectives in a variety of market
conditions. Horizons ETFs has more than $7
billion of assets under management. With 77 ETFs listed on
the Toronto Stock Exchange, the Horizons ETFs family makes up one
of the largest families of ETFs in Canada. Horizons ETFs Management (Canada) Inc. and AlphaPro Management Inc. are
members of the Mirae Asset Global Investments Group.
Commissions, management fees and applicable sales taxes all
may be associated with an investment in the exchange traded funds
managed by Horizons ETFs Management (Canada) Inc. (the "ETFs"). The ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. The prospectus contains important detailed
information about the ETFs. Please read the prospectus before
investing.
Certain statements contained in this news release constitute
forward-looking information within the meaning of Canadian
securities laws. Forward-looking information may relate to a future
outlook and anticipated distributions, events or results and may
include statements regarding future financial performance. In some
cases, forward-looking information can be identified by terms such
as "may", "will", "should", "expect", "anticipate", "believe",
"intend" or other similar expressions concerning matters that are
not historical facts. Actual results may vary from such
forward-looking information. Horizons ETFs undertakes no obligation
to update publicly or otherwise revise any forward-looking
statement whether as a result of new information, future events or
other such factors which affect this information, except as
required by law.
HMMJ is not sponsored, promoted, sold or supported in any
other manner by Solactive AG nor does Solactive AG offer any
express or implicit guarantee or assurance either with regard to
the results of using the Index and/or Index trade name or the Index
Price at any time or in any other respect. The Index is calculated
and published by Solactive AG. Solactive AG uses its best efforts
to ensure that the Index is calculated correctly. Irrespective of
its obligations towards the Issuer, Solactive AG has no obligation
to point out errors in the Index to third parties including but not
limited to investors and/or financial intermediaries of the
financial instrument. Neither publication of the Index by Solactive
AG nor the licensing of the Index or Index trade name for the
purpose of use in connection with the financial instrument
constitutes a recommendation by Solactive AG to invest capital in
HMMJ nor does it in any way represent an assurance or opinion of
Solactive AG with regard to any investment in HMMJ.
SOURCE Horizons ETFs Management (Canada) Inc.