Canadian CANNAINVESTOR Magazine May 2017 - Page 17

The North American medical marijuana industry is rapidly developing, with strong growth prospects due to increasing public and legal acceptance of medical marijuana use in Canada and the United States.

The Horizons Medical Marijuana Life Sciences ETF (“HMMJ”) is the first ETF to offer investors direct exposure to companies that generate revenue from the medical marijuana industry. HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Medical Marijuana Index (“the Index”), net of expenses. The Index is designed to provide exposure to the performance of a basket of North American publicly traded companies with significant business activities in the marijuana industry.