Currently, there are 3 marijuana ETFs trading on the Canadian stock exchanges. Both
Horizons Marijuana Life Sciences Index ETF (ticker symbol: HMMJ for Canadian dollars unit and HMMJ.U for US dollars unit) and
Evolve Marijuana ETF (ticker symbol: SEED) are trading on the Toronto Stock Exchange, while
Horizons Emerging Marijuana Growers Index ETF (ticker symbol: HMJR) is listed on the Aequitas NEO Exchange.
Horizons Marijuana Life Sciences Index ETF (HMMJ, HMMJ.U)
Horizons Marijuana Life Sciences Index ETF is an index tracking (or passively managed) ETF seeks to replicate the performance of the North American Marijuana Index. The ETF is managed by Horizons ETFs Management (Canada) Inc.. Both the HMMJ and HMMJ.U tickers refer to the same exchange traded fund. The only difference between the two listings is the currency in which they trade.
The North American Marijuana Index tracks the performance of a basket of North American publicly listed companies with significant business activities in the marijuana industry. A company is deemed to be eligible for inclusion in the index by the Index Provider, Solactive AG, if the company is a producer and/or supplier of marijuana and/or cannabis, biotechnology companies that are engaged in research and development of cannabinoids, companies that offer hydroponics supplies and equipment clearly aiming to increase efficiency in marijuana cultivation and companies mainly engaged in leasing property to cannabis growers.
Horizons Emerging Marijuana Growers Index ETF (HMJR)
Horizons Emerging Marijuana Growers Index ETF is an index tracking (or passively managed) ETF seeks to replicate the performance of the Emerging Marijuana Growers Index. The ETF is managed by Horizons ETFs Management (Canada) Inc. The Emerging Marijuana Growers Index is designed to provide exposure to the performance of a basket of primarily North American publicly-listed small-capitalization companies primarily involved in the cultivation, production, and/or distribution of marijuana.
Evolve Marijuana ETF (SEED)
Evolve Marijuana ETF is an actively managed ETF seeks to provide holders of Units with long-term capital appreciation by actively investing in a diversified mix of equity securities of issuers that are involved in the marijuana industry. The ETF is managed by Evolve Funds Group Inc.
