Small-cap pot stocks from Horizons
Toronto-based Horizons ETFs Management (Canada) Inc. has added a second marijuana ETF to its product shelf. Horizons Emerging Marijuana Growers Index ETF is designed to replicate, to the extent possible, the emerging marijuana growers index. This index is meant to provide exposure to a basket of primarily small-cap companies’ stocks that are listed in North America. These companies focus on the cultivation, production or distribution of marijuana. Stocks must have a market cap greater than $50 million, but less than $500 million, for initial inclusion in the index. The ETF has a management fee of 0.85%.