CANNAINVESTOR Magazine May 2017 - Page 243

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Marijuana Life Sciences ETF Begins Trading on the TSX

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. 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.