Horizons Marijuana Life Sci Index ETF (HMMJ)

[MikeBK205]

What happened ,,?

[chasem]

$HMMJ CSE-listed Maricann Group Gains Exposure to TSX with Listing on Horizons Marijuana Life Sciences Index ETF

[chasem]

Health Care/Cannabis Alert - Marijuana Legislation and Regulation Among Hot Topics as Federal Fin Min Bill Morneau Meets For Talks With Provincial Fin Mins in Ottawa; Press Briefing; and here is what he said:

1)Morneua Says Fin Mins Spoke About the "Principles We Are Trying To Get To Around Cannabis Taxation".
2)Need To Keep Tax Rate Low So As To Drive the "Criminal Element' Out of the Market.
3)Need To Co-Ordinate Efforts So Consistent in Way Industry Approached Across Canada.
4)Didn't Get To Revenue Estimates; But Adds Revenue Not the "Driving Goal", Keeping Criminals Out of System and Children Safe Are Goals.
5)Started Some Modelling on Tax Rates With View to Seeing "How Much of the Black Market Can We Get Rid Of"; What Level of Taxation Needed.
6)Didn't Get to a Conclusion on Tax Rates; Noted Some Provinces Not Ready Even on Principles As at Different Stages of Review.
7)Morneau Reiterates Goal of Fin Mins is To Take A Criminal Market and Make It Regulated and Controlled.
8)Note Production Costs are Low, So Taxation Rates Will Need To Be Low.
Distribution Will Need To Be Controlled To 9)Keep Cannabis From Children.
Today's Meeting was a "Starting Point" and Adds Fin Mins Have a Year To Get To a Conclusion.
10)Notes More Evidence Needed to Reach Conclusions, Hence Open Discussion With Fin Mins on Implications For Different Provinces.
11)Says Issue Around Taxation Will Be "Dynamic" as Market Changes; Adds Not Enough Actual Data Now To Conclude Estimates on Costs and Benefits.
12)Working Towards Goal of Having Conclusions Ahead of Planned July 2018 Legislation.
13)Says Fed Govt Assures Provinces It Will Be the Taxation and Distribution "Regime" Leader If They Are Not Able To Get There By July 2018.

[chasem]

Due to a CUSIP number change, all open orders for the Horizons Medical Marijuana Life Sciences ETF (TSX: $HMMJ, U.S. OTC: HMLSF) will be cancelled prior to 8:30 a.m. (ET) on Monday, June 19. The symbols will not change.

If you have an open order(s) for this security, you will need to re-enter it after 8:30 a.m. (ET) on Monday, June 19.

In addition, a new U.S. dollar version of this security will begin trading on the Toronto Stock Exchange on Monday, June 19, under the symbol HMMJ.U.

[chasem]

Could get interesting if we take out $8.74 IMO!!

[chasem]

Sector Update: Health Care/Cannabis Stocks - MedReleaf Becomes First ICH-GMP Compliant Medical Cannabis Producer
HMMJ:TSX Last: $8.44 CAD

http://www.newswire.ca/news-releases/medreleaf-becomes-first-ich-gmp-compliant-medical-cannabis-producer-629362773.html

[chasem]

Sometimes all it takes is a couple of smart investors to jump in and the two-sided balancing scale starts to move.

[Ridgeback2017]

Given the volume traded today , might just be you and me in the game !

[chasem]

I'll be loading here for a year or so!

[Ridgeback2017]

If the share price drops below $ 8.00 , I may get interested ! Could be a nice short term play in the runup to legalization .

[chasem]

$HMMJ Sector Update: Health Care/Cannabis Stocks - Aphria Launches First Partnership with Major North American Union

http://www.marketwired.com/press-release/aphria-launches-first-partnership-with-major-north-american-union-tsx-aph-2222200.htm

or if you prefer the globe and mail...

https://www.theglobeandmail.com/globe-investor/news-sources/?date=20170615&archive=ccnm&slug=201706151097355001

[chasem]

Also once mmj is legalized in Canada all Canadians will get free prescriptions and that includes marijuana with a prescription.

http://www.cbc.ca/news/canada/toronto/budget-2017-sidebar-1.4086229

Nearly 130,000 Canadians already have prescriptions for medical marijuana and just imagine how much that number can rise when Canadians will get Free prescription drugs for anyone under 25.

http://kitchener.ctvnews.ca/nearly-130-000-canadians-have-prescriptions-for-medical-marijuana-1.3298792

[chasem]

$HMMJ Sector Update: Health Care/Marijuana Stocks - Cannabis Wheaton Names Michael Lickver as EVP of Strategy, Updates on Financing

[chasem]

$HMMJ Sector Update: Health Care/Marijuana Stocks - Maple Leaf Signs up with Paramount Structures to Begin Construction on British Columbia Facility

[chasem]

$HMMJ:TSXHMMJ's 2 day Relative Strength Index crossed above 30, moving to 47.81 as HMMJ traded at $8.53 at 9:57AM ET.
Last: $8.53 CAD at 9:57AM ET on June 14

[chasem]

I just got a nice little starter here today!! This seems like a nice long term investment IMO. Should get interesting since the Liberals introduced bills to legalize marijuana by July 2018!!!!

[Diogenes of Sinope]

Thank you. I like the content of that press release.

HMMJ---GLTA!

[MikeBK205]

TORONTO , June 8, 2017 /CNW/ - Horizons ETFs Management ( Canada ) Inc. ("Horizon ETFs") has announced that it will change the name of the Horizons Medical Marijuana Life Sciences ETF to "Horizons Marijuana Life Sciences Index ETF" effective on or about June 15, 2017 . Its primary ticker symbol, HMMJ, will remain the same. HMMJ is the first ETF in the world that offers direct exposure to North American-listed companies with significant business activities in the marijuana industry.

HMMJ is an index tracking (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Medical Marijuana Index (the "Index"), net of expenses. The Index provides exposure to the performance of a basket of North American publicly listed life sciences companies, and other companies with significant business activities in the marijuana industry. The Index selects securities from issuers that are listed on North America's public equity markets with business activities that include biopharmaceuticals, medical manufacturing, distribution, bio-products, and other businesses ancillary to the marijuana industry

In connection with the change in name of HMMJ, in order to meet its investment objective, HMMJ's investment strategy will, subject to regulatory approval, be modified to reflect the proposed change in federal law to legalize recreational use of marijuana in Canada , by allowing the ETF to now own a slightly broader and diversified portfolio of marijuana-focused companies beyond those focused solely in the medical marijuana industry. In addition, although HMMJ will not invest in any constituent issuers that are primarily focused on serving the medical or recreational marijuana market in the United States , or the recreational marijuana market in Canada , unless and until such time as it becomes legal, HMMJ's investment strategy will, subject to regulatory approval, be modified to permit the HMMJ to invest in marijuana companies which derive some portion of their revenue, currently or in the future, from the medical and/or recreational cannabis industry in certain U.S. states where cannabis use has been legalized by state law, notwithstanding that the use, possession, sale, cultivation and transportation of cannabis remains illegal under U.S. federal law.

"The North American marijuana industry continues to evolve rapidly from a regulatory and issuer perspective. We want to ensure that HMMJ has the flexibility to own a diversified portfolio of marijuana industry stocks so it can meet its investment objectives" said Steve Hawkins , President and Co-CEO of Horizons ETFs. "We have also changed the name of HMMJ to reflect that the ETF will become more than just a medical marijuana ETF, as it will have the potential to invest in a range of recreational cannabis-focused opportunities as applicable laws evolve in both Canada and the United States ".

Horizons ETFs is also pleased to announce the listing of HMMJ in U.S. dollars, effective on or about June 19, 2017 . This will provide Canadian investors with the option of investing in HMMJ using Canadian or U.S. denominations. U.S. dollar-denominated units of HMMJ will trade under the ticker symbol "HMMJ.U". 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.

For additional information, investors are encouraged to read the amended and restated prospectus dated June 8, 2017 describing the foregoing changes in greater detail. The amended and restated prospectus is, or will be, available at www.sedar.com and on the manager's website at www.HorizonsETFs.com.

[Diogenes of Sinope]

HMMJ---Waiting for a confirmed bottom. I think we are close.

This ETF and its associated sector tickers have been hammered since the IPO.

GLTA!

[MikeBK205]

What's holding this up?

[riotmaker]

I have fidelity but I will call them in the morning

[MikeBK205]

Yes! If you have Etrade, you have to call them and they'll do it over the phone.

[riotmaker]

Do they have a us ticker symbol if not how do I buy this stock

[CaineCarver]

This stock IS flying! It died and it's on it's way to heaven.

[MikeBK205]

I can't wait until 2018 when this flies to the moon!

[Diogenes of Sinope]

Can't argue with facts. That is one. Made a few trades after my original entry and it's been down almost daily since.

GL!

[MasterBidder]

Trading like c r a p

[MikeBK205]

I wonder how much this worthless pos will drop by 2018

[Diogenes of Sinope]

HMMJ----A decent one to trade so far---GLTA!

[GiganticTrades]

Hey All,
Found this EFT trading on the OTC under $HMLSF. High commission fees if youre located in the US because it trades in Canadian dollars.

[tradedawg]

Investment Industry Regulatory Organization of Canada (IIROC) halted ACBFF, OGRMF and EMMBF without justification. That is why this etf stopped climbing last week. Some people trying to stop the steamroller coming now that Canada legalized marijuana.

[MasterBidder]

Sell on news

[TattooedTraderFry]

Seems like every decent stock is doing for shit this week ,next week should be great

[LowFloatLopes]

Yes, yes it did

[MasterBidder]

New legislation to legalize just tabled in Canadian house of commons!!!

[LowFloatLopes]

No..no it shouldn't

[MasterBidder]

Why so quiet around here? This should be the highlight reel performer

[codfather]

GW are ADS shares sold in blocks of 12 so in reality GWPH is a $10 stock

[Ross92]

Cant trade this through schwab... cant through robbinhood... how do i get my hands on this?

[MasterBidder]

Huge vol

[MasterBidder]

I see that, coming back to Earth now for open

[Alycat70]

Outrageous bid/ask happens quite frequently lately on the Tsx. We'll know more when it opens. I trade quite a bit on the Tsx but this one is confusing. Good luck to all

[MasterBidder]

Was literally just 21/21 for a moment

[Diogenes of Sinope]

I've been watching it. It's been all over the place.

Meaningless though until open.

GL!

[MasterBidder]

U seeing this bid/ask pm this morning!?

[Diogenes of Sinope]

Welcome MB. Please consider hitting "follow board" if you haven't done so. GL!

[Diogenes of Sinope]

HMMJ---Interest in this MJ ETF is growing----

Company Name

Market Capitalization1
(in CAD)

Index Weight2

Scotts Miracle-Gro Company Class A

7,309,373,479

10.00%
-----------
GW Pharmaceuticals PLC Sponsored ADR

4,382,988,585

10.00%
-----------
Canopy Growth Corporation

1,884,258,816

10.00%
-------------
Insys Therapeutics, Inc.

1,160,189,978

10.00%
-------------
Aurora Cannabis Inc.

765,459,712

10.00%
------------
Aphria Inc.

743,520,128

10.00%
-------------
Cronos Group Inc.

412,373,248

7.78%
------------
Zynerba Pharmaceuticals Inc.

370,825,394

7.00%
-------------
OrganiGram Holdings Inc.

256,249,808

4.83%
------------
CanniMed Therapeutics, Inc.

253,300,112

4.78%
-------------
Emblem Corp.

216,826,272

4.09%
--------------
Supreme Pharmaceuticals Inc.

203,529,184

3.84%
----------------
CannaRoyalty Corp.

127,609,376

2.41%
------------
Emerald Health Therapeutics, Inc.

103,979,000

1.96%
-------------
ICC International Cannabis Corp.

94,248,008

1.78%
-----------
Maple Leaf Green World, Inc.

81,145,192

1.53%
--------------


GLTA!

[Diogenes of Sinope]

HMMJ---GLTA!

[majorkaos]

Nice jump this morning! Sure glad I bought in the day this fund opened! :)

[MasterBidder]

In for the ride today