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Horizon’s Medical Marijuana ETF (TSX:HMMJ)
Canada was introduced with its first ETF dedicated to the budding new industry in early April when Horizons graced us all with their presence. Investors who bought in the first day or two had a great chance to make a quick 10-20% before it essentially moved to a break-even level from where it first traded. I have included a screenshot of the cannabis stocks and their weighting to below. I think it’s important to note that not all of these companies are what I would call a ‘traditional cannabis company’ (see INSY and Scotts Miracle-Gro). I will also point out that not all of the companies in the ETF are even Canadian companies.