Monday, October 23, 2017 1:45:54 PM
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2017/10/23/XXII-Top-4-ETFs-Holding-Shares-of-22nd-Century-Group
When it comes to NYSE-listed companies operating in the hemp space, many investors think of the pharmaceutical pioneer, 22nd Century Group Inc. (NYSE:XXII).
Recently, the company had a successful hemp harvest and field tests in partnership with the University of Virginia, as well as successful phase III trials of their very low nicotine cigarettes. While we recently just covered 3 major institutional investors loading the boat with XXII, we figured it would be a great time to fill in readers on the ETFs that offer exposure to the up-and-coming plant biotech company.
When it comes to ETFs exposed to the cannabis space, many think of the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) (OTC:HMLSF). Investors like the ETF given its basket-style approach, ease of access, and low fees relative to mutual funds like the American Growth Fund Series II E (MUTF:AMREX).
While HMMJ assigns a 3.87% weighting to the company as of the recent re-balancing, we expect the company to be given a higher weighting given its rapid jump in market cap. as of late. While this one is the obvious choice for exposure to 22nd Century Group and others in the space, we wanted to give investors 3 more ETFs that offer exposure to the company.
Since these funds all have other holdings in their portfolio besides XXII, it provides investors a bit of diversification which can help dampen volatility and more.
Source and rest of article: https://www.dailymarijuanaobserver.com/single-post/2017/10/23/XXII-Top-4-ETFs-Holding-Shares-of-22nd-Century-Group
Recent XXII News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 09:30:52 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:10:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/13/2024 09:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 01:30:13 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 01/24/2024 09:31:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 09:30:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/09/2024 01:04:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 09:30:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 10:02:41 PM
- 22nd Century Secures $3.2 Million to Date in Warrant Exchange Transaction • GlobeNewswire Inc. • 12/04/2023 12:07:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 12/01/2023 10:18:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 09:56:49 PM
- 22nd Century Group Enters into Agreement to Sell Hemp/Cannabis Franchise • GlobeNewswire Inc. • 11/27/2023 09:44:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 11:01:36 AM
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