SEED – Evolve Marijuana ETF
With assets under management of just over $8 million, Evolve Marijuana ETF is by far the junior of the ETFs available to invest in. It has 20 holdings and it is actively managed. Its holdings are weighted quite heavily to the “big boys” in the Canadian cannabis sector, mainly Aurora Cannabis Incorporated (TSE:ACB; OTC:ACBFF; FRA:21P), Canopy Growth Corporation (TSE:WEED; NYSE:CGC; FRA:11L1), Aphria Incorporated (TSE:APH, FRA:10E), Cronos Group Incorporated (TSE:CRON; NASDAQ:CRON; FRA:P8Y), and Hexo Corporation (TSE:HEXO; OTC:HYYDF; FRA:74H). Their portfolio has a global focus, with many of its top holdings in countries such as Australia, Germany, and Denmark, among others. SEED also may invest up to 10% of its portfolio in private companies. Evolve has proven its expertise in disruptive markets, with successful ETFs in areas such as robotics, future cars and genomics. They’ve laid out quite the blueprint for the cannabis sector and a great quick resource into the potential for the market. I’ve included it here for your reference: 9 Things Cannabis Investors Should Know.
205