The Canada-listed marijuana stocks we’ve uncovered have been included in the HMUS ETF that will start trading on April 18, 2019
SmallCapPower | April 18, 2019: Horizons U.S. Marijuana Index ETF (HMUS) will be the first ETF that provides exposure to companies with exposure within the U.S. cannabis and hemp industries. HMUS is a passively-managed ETF, which replicates the performance of the U.S. Marijuana Index. Today we have identified four Canada-listed marijuana stocks that will be added to the HMUS index and could benefit most from this inclusion. For reference, the ETF will trade under the ticker symbols HMUS (CAD) and HMUS.U (USD).
*Share prices as at close April 17, 2019, data obtained from S&P Capital IQ
Cresco Labs, Inc. (CSE:CL) – $15.94
Cresco Labs is a vertically-integrated MSO that engages in the cultivation, manufacturing, and retailing of cannabis and related products. The Company’s leading brands include Mindy’s Edibles, Reserve Premium Cannabis, and Remedi Medical. The Company has 21 dispensaries across eight states with 51 retail licenses and 660,000 patients. On March 25, the Company completed its Michigan State application process and has been pre-qualified for a cultivation and processing license. On April 1, Cresco announced the acquisition of Origin House (CSE:OH) for $1.1B ($12.68/share), a 5.2% premium to the previous day’s close.
- Market Cap: $2.16 Billion
- HMUS Weighting: 11.94%
- YTD Return: 86.9%
- 30-Day Average Volume: 280,000
- 90-Day Average Volume: 6,686,000
- Shares Outstanding: 141 Million
Charlotte’s Web Holdings, Inc. (CSE:WEB) – $27.20
Charlotte’s Web Holdings is a fully vertically integrated, CBD-focused company with operations based in Boulder, Colorado. The Company is the market leader in the production and distribution of hemp-derived cannabidiol (CBD) products. On April 10, Charlotte’s Web announced the filing of a final short form base shelf prospectus with the securities regulatory authorities in all the provinces except for the Province of Quebec. The base shelf prospectus allows Charlotte’s Web to strengthen its competitive position and to take a proactive stance on potential opportunities within the country.
- Market Cap: $2.4 Billion
- HMUS Weighting: 10.96%
- YTD Return: 97.7%
- 30-Day Average Volume: 489,000
- 90-Day Average Volume: 13,477,000
- Shares Outstanding: 93.3 Million
Cannabis One Holdings Inc. (CSE:CBIS) – $4.02
Cannabis One Holdings, operating out of Vancouver, British Columbia, focuses on developing, marketing, and providing packaging for cannabis-related products throughout North America. The Company offers products through its dispensaries under JointTM with intentions to leverage consumer and brand data acquired from its retail locations to bring data-driven analytics into the cannabis industry. On April 17, Cannabis One Holdings announced the acquisition of certain assets of Colorado-based JBC Enterprises LLC. JBC operates the premium, branded cannabis cultivation facility known as the “Fat Face Farms” located in Denver Colorado. This acquisition allows Cannabis One to strengthen its line of branded cannabis products and further push to de-commoditize flower products in mature markets.
- Market Cap: $300.9 Million
- HMUS Weighting: 1.68%
- YTD Return: 82.22%
- 30-Day Average Volume: 70,000
- 90-Day Average Volume: 143,000
- Shares Outstanding: 73.4 Million
Acreage Holdings Inc. (CSE:ACRG.U) – US$20.69
Acreage Holdings, founded in New York, New York, is an investment firm that specializes in the cannabis industry. The Company’s portfolio has diverse holdings in the cannabis industry; cultivating, processing, and dispensing operations. Acreage is the largest vertically integrated owner of cannabis licenses and assets in the U.S. Acreage holds licenses in 19 states to operate or hold management services agreements with license holders to assist in the operation of cannabis facilities. On April 16, Acreage finalized the merger with Form Factory, issuing an additional 6.28M subordinate voting shares valued at $25.00 per share.
- Market Cap: US$2.2 Billion
- HMUS Weighting: 5.16%
- YTD Return: 2.3%
- 30-Day Average Volume: 158,000
- 90-Day Average Volume: 135,000
- Shares Outstanding: 80.9 Million
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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