WeedMD Added to Benchmark Index for Medical Marijuana ETF
Ryan Allway
December 11th, 2017
News
WeedMD Inc. (TSX-V: WMD) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical cannabis, announces its inclusion in the North American Marijuana Index, the benchmark for the Horizons Marijuana Life Sciences ETF (TSX:HMMJ) (“HMMJ ETF”), the first exchange-traded fund (ETF) in the world to offer direct exposure to North American-listed stocks that operate in the legal cannabis industry.
The HMMJ ETF seeks to replicate the performance of the North American Medical Marijuana Index, of which WeedMD is now a proud constituent, and has a planned rebalancing date of December 15th. Publicly traded cannabis companies that meet minimum asset and liquidity thresholds qualify for inclusion in the index, and no single stock may exceed 10% of the weight of the Index when rebalanced.
“WeedMD’s inclusion in the North American Medical Marijuana Index caps a breakout year for the Company which saw us execute and achieve a range of significant licensing, operational and corporate milestones,” said Michael Kraft, Chairman of WeedMD. “Since announcing our landmark greenhouse expansion (see here), WeedMD has seen incredible support from existing and new shareholders, and we look forward to broadening our shareholder base through our inclusion in the benchmark, and ultimately, the ETF. Our team continues to execute on our strategic plan, and we look forward to providing further updates as we achieve a number of near-term milestones.”
For more information on WeedMD, access our investor presentation here and corporate video here.
For more information on the North American Marijuana Index, access it here as well as the list of companies to be added to the index here.
About WeedMD Inc.:
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of medical cannabis under the Access to Cannabis for Medical Purposes Regulations (ACMPR). The Company operates a 26,000 sq. ft. indoor facility in Aylmer, Ontario, and is awaiting its second-site cultivation license for its greenhouse facility located in Strathroy, Ontario, representing 610,000 sq. ft. or 14 acres under glass. WeedMD has entered into supply agreements in addition to strategic relationships with established cannabis brands. The Company is focused on providing medical cannabis to the long-term care, assisted living and senior’s markets in Canada through its specialized, comprehensive platform. It is dedicated to educating healthcare practitioners and furthering public understanding of the role that medical cannabis plays – including as it pertains to regulatory requirements, indications and potential side effects.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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