Doing a bit of research into Horizons ETFs (HMMJ) and the most poignant information for MMJ holders is that they're:
"Limited to strictly legal activities: HMMJ will only invest in public companies that are involved in legal and regulated segments of the marijuana industry. As a result, HMMJ will initially not include exposure to companies involved in the medical marijuana industry in jurisdictions like the United States where it is still illegal under federal law. In addition, HMMJ will not invest in any companies involved in the production or distribution of recreational marijuana, as it is still illegal under the federal laws of both the United States and Canada".
With the latest UG announcement, that would preclude an initial investment by HMMJ into Harvest One. It depends on how Harvest One are truly selling themselves to the Canadian market? As chasers of the recreational market or a more altruistic medicinal company? An inclusion may eventuate with legislative changes due for introduction into parliament on Monday 10th, pending approval. It will be interesting how it (HMMJ) performs in the short term prior to the WON listing.
Have a look at who's on the list:
http://www.horizonsetfs.com/etf/hmmj?gclid=COG5kdLukdMCFVgnvQod-xcLyA
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