Staff
Canadian-based Horizons ETFs Management Inc. has completed the quarterly rebalances of the holdings of the Horizons Marijuana Life Sciences Index ETF (TSX: HMMJ) and the Horizons US Marijuana Index ETF (NEO: HMUS). HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products, and other ancillary businesses related to the marijuana industry.
Marijuana Life Sciences Index
This quarter, 3 companies were added to HMMJ’s portfolio:
| Company Name | Ticker | Exchange |
| Inner Spirit Holdings Ltd. | ISH | CSE |
| Tetra Bio-Pharma Inc. | TBP | TSX |
| Jazz Pharmaceuticals PLC | JAZZ | NASDAQ |
HMUS is the world’s first U.S.-focused marijuana index ETF. HMUS seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index, net of expenses. This index, which also rebalances quarterly, has been designed to provide exposure to the performance of a basket of publicly listed companies with significant business activities in, or significant exposure to, the marijuana or hemp industries in the United States. Constituents of this index are selected from Canadian and U.S. exchanges.
This rebalance resulted in 9 companies added to the HMUS portfolio:
| Company Name | Ticker | Exchange |
| Ascend Wellness Holdings | AAWH/U | CSE |
| AFC Gamma Inc. | AFCG | NASDAQ |
| Chalice Brands Ltd. | CHAL | CSE |
| Captor Capital Corp. | CPTR | CSE |
| Flora Growth Corp. | FLGC | NASDAQ |
| Gage Growth Corp. | GAGE | CSE |
| Hollister Biosciences Inc. | HOLL | CSE |
| Lowell Farms Inc. | LOWL | CSE |
| Verano Holdings Corp. | VRNO | CSE |
“Halfway into 2021, we’re seeing increased momentum in the U.S. for marijuana liberalization, both from a grassroots level and recently, from major companies and policy influencers,” said Mr. Hawkins. “Connecticut, the most recent state to legalize recreational marijuana, became the 19th state to do so, edging the country closer to a ‘pro-cannabis majority’. Now, Amazon, the country’s largest private employer, has signaled its intent to support the MORE Act and will no longer assess employees for marijuana use on drug tests. These are important milestones that are opening the door for broader federal marijuana reform in the country.”
