MMJ Investors Forum

[JohnCM]

ETF Managers Group Announces MJX Live for Trading on the NYS
December 26, 2017

SUMMIT, N.J.--(BUSINESS WIRE)
ETF Managers Group LLC (“ETFMG”) announced today that MJX, the ETFMG Alternative Harvest ETF is live and available for trading on the NYSE Arca. This fund is one of the first of its kind available to U.S. investors allowing them access to a unique sector in this rapidly evolving market. MJX is designed to replicate the Prime Alternative Harvest Index, which tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant.

This includes treatments from innovative medicinal breakthroughs involving the plant’s unique properties – the result of years of significant research by the global biotech and pharmaceutical community.
Sam Masucci, Founder & CEO of ETF Managers Group said: “As an ETF issuer we are excited about opportunities for innovation, the chance to give investors exposure to new markets and doing our part to impact the continued evolution of the ETF industry by meeting the appetite of investor interest.”

The ETFMG Alternative Harvest ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Alternative Harvest Index. For more information on the Fund please visit: www.MJXetf.com.

Effective December 26th, 2017, the Fund’s name (previously the Tierra XP Latin America Real Estate ETF, ticker symbol: LARE) has changed to the ETFMG Alternative Harvest ETF, ticker symbol: MJX. The Fund’s underlying index has been changed to the Prime Alternative Harvest Index which is provided by Prime Indexes and will be calculated by Solactive AG. Information about the index can be found by visiting www.primeindexes.com.

There’s a new cannabis ETF on the block. ETFMG, Alternative Agroscience ETF, is the first U.S. traded fund dedicated to investing in marijuana cultivators and distributors.In truth, it’s not exactly new, but a complete rebuild of an existing fund.

Actually, ETF Managers Group (ETFMG) is remaking its existing Tierra XP Latin America Real Estate ETF (NYSEARCA:LARE) with an updated strategy.

ETF Managers Group | ETF Investments | ETF Stocks | Exchange ...

http://www.etfmgfunds.com/

ETFMG provides accelerated entry to market for all ETF types, targeted wholesaling and marketing.

Hot off the New York Stock Exchange, the Alternative Agroscience ETF will begin trading on Dec. 26, 2017.

Actually, ETF Managers Group (ETFMG) is remaking its existing Tierra XP Latin America Real Estate ETF (NYSEARCA:LARE) with an updated strategy. Changing from an international real estate investment trust (REIT) fund, the new ETF will track cannabis cultivators, producers and distributors, along with cannabinoid drug makers, fertilizer producers and tobacco companies.

As the first U.S. marijuana ETF, the Alternative Agroscience could enjoy a first-mover advantage and capture the important growing cannabis investing market share.

A New Marijuana ETF Is Coming to the New York Stock Exchange

Nov 19, 2017 - For the first time ever, an exchange traded fund (ETF) with exposure to the marijuana industry has received approval to join the New York Stock Exchange (NYSE). The new ETF will provide investors with a simple way to access a burgeoning cannabis industry that some say is the biggest market opportunity.

NYSE Marijuana Fund

Beginning Dec. 26, investors will be able to purchase the Alternative Agroscience ETF through a NYSE subsidiary. The ETF tracks the Alternative Agroscience Index, which seeks exposure to ventures primarily engaged in the cultivation, production and distribution of cannabis products. The investment universe includes companies involved in the manufacturing of cannabinoid-related drugs, businesses that make fertilizers and pharmaceuticals.
Say Hello to the Very First Marijuana ETF You Can Buy in the U.S. ...

1.
Nov 20, 2017 - ETF Managers Group is switching the focus and tracking index of an existing ETF, the Tierra XP Latin America Real Estate ETF (NYSEMKT:LARE), which tracks the Solactive benchmark of real estate in Mexico and Brazil, to an ETF that predominantly follows cannabis companies. Why make the switch?

Say hello to the very first marijuana ETF for the U.S.
As reported by CNBC, on Oct. 27, ETF Managers Group filed for a new ETF, the Alternative Agroscience ETF. This ETF will mimic an index as closely as possible that tracks cannabis cultivators, producers and distributors, cannabinoid drugmakers, fertilizer producers, and tobacco companies.

According to a Securities and Exchange Commission filing, the switch to a cannabis-based index will occur on Dec. 26, so there's still a few weeks to go before investors will have an ETF that truly tracks marijuana stocks.

It’s risky to call American Growth Funds Series Two Class E (MUTF:AMREX) a conservative marijuana pick. The fund, comprised of companies involved in the legal cannabis industry has a 5.75% load and dismal returns, with a 5-year annualized loss of -2.48% and year to date decline of 22%.
Yet, if you’re a contrarian seeking a fund with access to the cannabis industry you might consider beaten down AMREX. For optimistic investors, the stock is trending upward during the first few weeks of December.
AMREX’s top holdings include some well-known names and other niche pot players including GW Pharmaceuticals PLC-ADR (NASDAQ:GWPH), Scotts Miracle-Gro Co (NYSE:SMG), Abbott Laboratories (NYSE:ABT), Cara Therapeutics Inc (NASDAQ:CARA), Cannabis Sativa Inc (OTCMKTS:CBDS) and more.
The fund is small and hasn’t gained serious investor traction. With a 3-year beta of 0.53, this might be a good diversifier against the movements of the S&P 500.