ETFMG Alternative Harvest ETF (MJ)

[JAH son]

Thanks! I will monitor that one

[JohnCM]

[Cbdpotential]

Perhaps . Could be spot on there John.
But
To be honest
All I care about these days is Anavex

[JohnCM]

Brutal day, finally bottomed!!

[JohnCM]

$18.90??

[JohnCM]

MJUS, the new U.S. cannabis ETF hits the market

May 13, 2021 10:31 AM ETETFMG U.S. Alternative Harvest ETF (MJUS)By: Jason Capul, SA News Editor

ETFMG builds out their cannabis suite of exchange traded funds with the launch of a new ETF: U.S. Alternative Harvest ETF (NYSEARCA:MJUS) which hits the market today. The new launch by ETFMG comes off the back of the popular ETFMG Alternative Harvest ETF (NYSEARCA:MJ), which has amassed $1.7B AUM since its launch in 2017.

MJUS is intended to provide market participants exposure to the cannabis industry in the United States, including multi-state operators specifically engaged in the production, cultivation, marketing, and distribution of cannabis and cannabis-related products.

Sam Masucci, Founder, and CEO of ETFMG, stated: “We are especially proud to be bringing yet another cannabis product to investors, specifically an ETF that captures one of the greatest untapped areas of growth potential in the industry,” as the United States offers untouched markets.

The United States is the world’s largest cannabis market, with sales exceeding $17.5B in 2020 and sales in 2019 of $12.1B, a growth of 46%. With 17 states offering legalized cannabis and more to come potentially, there appears to be a growing market.

MJUS is an actively managed ETF that trades on the NYSE and comes to market with an expense ratio of 0.75%. Additionally, MJUS has a total of 33 holdings. See the top ten holdings in weighted order along with their price action performance today below:
(OTCPK:CURLF) +0.02%, (OTCQX:GTBIF) -1.80%, (OTCQX:CRLBF) -0.25%, (OTCQX:TCNNF) +0.16%, (NYSE:IIPR) +1.51%, (OTCQX:VRNOF) +0.00%, (OTCQX:HRVSF) +0.05%, (OTCQX:TRSSF) +0.80%, (NASDAQ:HYFM) +2.57%, and (OTCQX:CCHWF) +1.66%.

[JohnCM]

HMJI.TO BetaPro Marijuana Companies Inverse ETF

[JohnCM]

Reached selloff level after the Reddit bubble. Not good.

[JohnCM]

Shaky ground. Opt for the US ETF MSOS if you have to go there.

[JohnCM]

There is one. HMJI.

[JAH son]

Going to be a slow bleed down to $15 , and if that doesn't hold right down to $10. Unless we get a real catalyst..like federal legalization of Cannabis. Better off shorting cannabis stocks for now. Jmo
MJ

[JAH son]

I'm thinking "fake out" , as that is more common with a chart like this, imo

[JohnCM]

Fake-out or bottom?

[Cbdpotential]

Wouldn’t surprise me

[JohnCM]

Can we hold?

21.76

[Cbdpotential]

Looking great imo

[JohnCM]

Double Bottom Test

[JohnCM]

Down a buck first thing. Now recovered to -0.22 pre-market.

[JohnCM]

LOD 21.25 We want to hold!! For the rest of the year!!

Chart was broken.

Nothing we do about that now.

It looks like we are trying to find a sudden and exaggerated bottom.

Cross your fingers.

[JohnCM]

[JohnCM]

This is not your father's Cannabis sector run.

We now have "sticky." The damage from the high RSI, froth, and Reddit may be over.

[JohnCM]

[JohnCM]

You would like me to consider a Real Estate REIT?

Innovative Industrial Properties, Inc. is the pioneering real estate investment trust for the medical-use cannabis industry. Founded in December, 2016, we are the first publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the medical-use cannabis industry.

A real estate investment trust (REIT) is a corporation that combines the capital of many investors to acquire income producing real estate. As a public company traded on the NYSE, we are uniquely positioned in the industry to access public capital markets. As a REIT, one of our most attractive attributes is that we must distribute through a dividend to our stockholders at least 90 percent of our taxable income. Innovative Industrial Properties has paid consecutive quarterly dividends to our common stockholders since the second quarter of 2017. (Dividend History)
We focus on purchasing specialized industrial real estate assets for the regulated medical-use cannabis industry.

We believe that our sale-leaseback and other real estate solutions offer an attractive alternative to state-licensed medical-cannabis operators who have limited access to traditional financing alternatives. We have acquired and intend to continue to acquire medical-use cannabis facilities in states that permit medical-use cannabis operations.

And why is that?

Should I include ...
Testing facilities
Delivery companies

I'll leave that up to someone else. I focus on individual vertically integrated companies in the Cannabis space. Mostly MSOs.

[Cbdpotential]

Don’t forget IIPR

[JohnCM]

Up a dollar and a half premarket. Holding onto green at the moment.

ETF MJ

[JohnCM]

CANNABIS ETF 02/17/2021

Symbol Last Price

HMLSF
11.79
-0.41-3.39%

MJO
132.09
-4.46-3.27%

YOLO
27.66
-0.86-3.03%

CNBS
34.95
-1.01-2.81%

MJ
25.50
-1.41-5.24%

MSOS
51.73
-1.21-2.29

[BottomBounce]

$MJ Industrial Hemp Market Worth $15.26 Billion By 2027 | CAGR: 15.8% The global industrial hemp market size is expected to reach USD 15.26 billion by 2027, exhibiting a revenue-based CAGR of 15.8% over the forecast period, according to a new report published by Grand View Research, Inc. $HEMP

[JohnCM]

There are better funds. This one is all over the place.

[Cbdpotential]

Looking good here imo
Good luck everyone $MJ

[2014shelby]

Interesting: https://www.marijuanamoment.net/usda-releases-final-rule-for-hemp-two-years-after-crop-was-federally-legalized/

[JohnCM]

Had fun with this one in the 30's and 40's.

[dealerschool2006]

MJ looks really interesting....

[JohnCM]

DOWN only 0.4% impressive!!!!!!!!!!!!!!!!!!!

[JohnCM]

https://www.greenmarketreport.com/the-cannabis-industrys-top-12-u-s-multi-state-operators/

[Cbdpotential]

My apologies, what is MSOS?

N,btw - great to see you again, again, again, again... this time I feel it’s extra special
As bleak as it may seem on TV... Great times ahead for this world imo

[JohnCM]

MSOS

[Cbdpotential]

Looking good here imo
$MJ

[2014shelby]

Nice move up in AH. Interesting

[JohnCM]

THIS is the problem with MJ. Besides the fact that there are tobacco companies involved. There are Canadian companies here.

You do not want to hold Canadian companies, by large.

The money is made with U.S.A.

The are other ETFs MJO.

[2014shelby]

Perhaps it may go even higher? GLTA shareholders

[weedtrader420]

MJ $20 TARGET PRICE this week Morning Has Broken Cat Stevens

[GP65]

Next resistance at 13, 14, and 15. Could be a BIG run back up over $20 and eventually $30.

[chrispy2468]

https://www.usatoday.com/story/news/politics/elections/2020/11/03/oregon-decriminalizes-small-amounts-drugs-including-heroin/6156552002/

[2014shelby]

Interesting:

https://www.healtheuropa.eu/cbd-reduces-covid-19-lung-damage-with-protective-peptides/103374/

[gumbie05]

As predicted....this will be back in single digits sooner than predicted. No need to jump back in anytime soon.

- IMHO

[blindjohn]

Finally looking decent here . Nice ah pop. Lets see..

[gumbie05]

Sold my entire position when this thing hit over $14 back in June (dollar cost avg was around $9). Was looking to go back in but how can you when the Nasdaq is at all time highs and this keeps floundering down here? Once the overall markets begin to correct again (September- October), I’m suspecting this thing will trade below $10 again soon. Might look at it again then.

- JMHO

[TheWatcher51]

Added.. will add again on Monday if we get a gap down...! Mj

[TheWatcher51]

Ok well so much for that idea...! No just kidding... looking to add here tomorrow me thinks..! Gla MJ

[TheWatcher51]

Building the staircase as we go... hopefully it’s a 2 steps forward... 1 step back situation as we go from here... gla Mj