Could you add and / or analyze the Cannabis Marijuana ETF isin code CA44054J1012? I'm sure the sector is of interest
Thank you for this suggestion. I agree cannabis is a very topical sector not least as the USA’s opioid epidemic continues to make headlines.
Four states voted a year ago to permit recreational cannabis use and personal cultivation. California is busy prepping for the green light, literally, on January 1st 2018. As the most populous state, it represents a potent source of demand for cannabis companies.
40% of the Horizons Marijuana Life Sciences ETF is concentrated in 3 stocks, Aurora Cannabis Inc, Canopy Growth Corp, and Aphria Inc. It surged higher in November and some consolidation of the move is now underway, but a sustained move below the trend mean would be required to question medium-term scope for additional upside.
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