Redwood enters cannabis market
Toronto-based Redwood Asset Management Inc. is jumping into the cannabis market with Marijuana Opportunities Fund. The fund, which is available as both a mutual fund and an ETF, offers investors long-term capital appreciation through investments in global issuers with interests in the marijuana industry or marijuana-related industries. The fund invests primarily in equities, but also may invest in other securities, including but not limited to preferred shares, convertible securities, debt securities, subscription receipts, options and warrants. The original name of the cannabis fund was Redwood Infrastructure Income Fund, but it was renamed Marijuana Opportunities Fund on Jan. 23. For full fund details, including fees, visit redwoodasset.com.