One of the events that marked the end of 2020 in the cannabis sector was the announcement of the quarterly realignment of the two major exchange-traded funds (ETFs) offering exposure to a cross-section of companies in the industry .
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The exercise added six stocks – three new stocks to each of the ETFs. These stocks could be worth putting on your watch list.
The two ETFs are operated by the Canadian-based firm of Horizons ETFs. One fund, the Horizons US Marijuana Index ETF (NLB :), focuses on US players, while the other, Horizons Medical Marijuana Life Sciences (TSX :), focuses primarily on Canadian companies in the cannabis sector.
New Additions to HMUS
HMUS is the world's first US-focused marijuana index ETF. It aims to replicate the performance of the US Marijuana Companies Index, which includes many prominent names in both the cannabis and hemp industries. Some trade in both Canada and the US.
The three new additions to the ETF are:
Slang Worldwide (OTC 🙂 (CSE :), a relatively small Canadian company that distributes several brands across the United States. It has a market cap of just under $ 90 million. The stock value is almost exactly the same as last year this time, but it could find some upward momentum this year.
SOL Global (OTC 🙂 (CSE :), an American investment company focused on cannabis cultivation, distribution and research and development in several states, as well as cannabis and hemp markets in Europe. It also has a research partnership with the University of Miami. It has a market cap of just under $ 120 million and its stock has more than doubled in the past year, closing at $ 2.16 on Monday.
C21 Investments (OTC 🙂 (CSE :), a Vancouver-based vertically integrated cannabis grower that also actively distributes marijuana and hemp products in the US and a variety of other countries around the world. It has a market cap of just under $ 165 million. The stock gained in the closing months of 2020 and closed at $ 1.52 on Monday.
New Additions to HMMJ
Horizon & # 39; s HMMJ Cannabis ETF was & # 39; s first cannabis ETF in the world. It is intended to enhance the performance of the. All of its members have a market capitalization of more than C $ 75 million (US $ 59 million).
The three new additions to the ETF are:
Sundial Growers (NASDAQ :), a Calgary-based grower founded in 2006. It trades on the, and focuses on artisanal scale cultivation. It has a market capitalization of approximately $ 361 million. The stock performed well in the second half of 2020, closing at 55 cents a share yesterday.
Supreme Cannabis Company (OTC 🙂 (TSX :), although a relatively small company in Toronto, has emerged as a leading producer of recreational, wholesale and medical cannabis products. It has a market cap of about $ 67 million and its shares closed at just over 13 cents yesterday.
Pharmacielo (OTC 🙂 (TSXV :), headquartered in Toronto, the company specializes in medicinal cannabis oil extracts. It has a market capitalization of $ 228 million. The stock closed at $ 1.61 on Monday.
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