fbpx
QQQ
+ 0.61
283.19
+ 0.21%
DIA
+ 0.88
281.25
+ 0.31%
SPY
+ 1.17
340.96
+ 0.34%
TLT
-1.53
162.31
-0.95%
GLD
+ 0.84
177.58
+ 0.47%

The Pure US Cannabis ETF Started Trading Today: Here Are Its Holdings

September 2, 2020 1:40 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print More

The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) started trading on Wednesday, becoming the first U.S.-listed active ETF focused solely on American cannabis companies.

This is the sponsor’s second cannabis ETF, following the AdvisorShares Pure Cannabis ETF (NYSE:YOLO), which invests into cannabis companies in multiple geographies.

According to the issuer, the new ETF “seeks long-term capital appreciation by investing entirely in legal, domestic cannabis equity securities. MSOS’ domestic equity strategy allows this active ETF to allocate its underlying portfolio among multi-state operator (MSO) companies as well as other U.S.-based cannabis-focused areas such a REITs, cannabidiol (CBD), pharmaceutical and hydroponics.”

AdvisorShares COO Dan Ahrens, who already manages YOLO and the AdvisorShares Vice ETF (NYSE:ACT), will be in charge of MSOS as well.

“We are pleased to offer MSOS in addition to YOLO which we believe responds further to meeting investors’ demands for more U.S. cannabis investment exposure,” said Ahrens. “We believe that the U.S. clearly represents the most attractive opportunity for cannabis investment and remains an exponentially larger market than the Canadian cannabis market. We feel strongly that our active portfolio management serves as the most advantageous way to invest in the emerging cannabis space.”

MSOS’s Holdings

Check out MSOS’ holdings and their portfolio weight below.

  • Curaleaf Holdings Inc Swap Rec (OTC:CURLF) – 9%
  • Green Thumb Industries Swap Rec (OTC:GTBIF) –  9%
  • Trulieve Cannabis Swap Rec (OTC:TCNNF) –  8%
  • Innovative Industrial Proper (NYSE:IIPR) – 8%
  • Terrascend Corp Swap Rec (OTC:TRSSF) – 5%
  • Growgeneration Corp (NASDAQ:GRWG) – 5%
  • Ayr Strategies Inc Swap Rec (OTC:AYRSF) – 5%
  • Cresco Labs Inc Swap Rec (OTC:CRLBF) – 5%
  • Columbia Care Inc Swap Rec (OTC:CCHWF) – 4%
  • Harvest Health & Recreation Swap Rec (OTC:HRVSF) – 4%
  • Charlottes Web Holdings Inc (OTC:CWEB) –  4%
  • Cbdmd Inc (NYSE:YCBD) – 4%
  • Corbus Pharmaceuticals Holdi (NASDAQ:CRBP) – 4%
  • Planet 13 Holdings Swap Rec (OTC:PLNHF) – 4%
  • Arena Pharmaceuticals Inc (NASDAQ:ARNA) – 3%
  • Power Reit (NYSE:PW) – 3%
  • Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) –  3%
  • Greenlane Holdings Inc – A (NASDAQ:GNLN) – 3%
  • Perkinelmer Inc (NYSE:PKI) – 3%
  • Acreage Holdings Inc Swap Rec (OTC:ACRGF) – 2%
  • Silver Spike Acquisition-A (NASDAQ:SSPK) – 2%
  • Jushi Holdings Inc Swap Rec (OTC:JUSHF) – 2%
  • Newage Inc (NASDAQ:NBEV) – 1%
  • Akerna Corp (NASDAQ:KERN) – 1%
  • Cash – 1%

Lead image by Ilona Szentivanyi. Copyright: Benzinga.


Related Articles

GrowGeneration Expands Michigan Footprint Via Big Green Tomato Deal

GrowGeneration Corp. (NASDAQ: GRWG) confirmed the acquisition of Big Green Tomato. The Denver-based hydroponics retail chain, which serves the cannabis companies in the U.S, obtained the two-store chain, which generates approximately $16 million in revenue yearly. read more

Michele Harrington To Lead Education, Fundraising Efforts For CBD Sexual Wellness Brand

Foria, a health and sexual wellness brand, has enlisted Michele Harrington — the wife of Viola founder Al Harrington — as an advisor and head of strategic partnerships. read more

Cannabis Movers & Shakers: WeedMD, Khiron

Here is a summary of the latest leadership changes within the cannabis industry. WeedMD Taps Finance Veteran Lu Cacioppo To Board, Deborah Sikkema As CPO read more

Planet 13 Expands In Las Vegas, CEO Touts 'Record Sales' Despite Less Tourism

Cannabis company Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNHF) disclosed Monday it's expanding its Las Vegas SuperStore dispensary. The Nevada-based company noted it would also include the new entertainment features. read more

Trulieve Continues Florida Expansion With 65th Store

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) is set to open yet another store in Florida. The new dispensary — located at 4804-4812 Manatee Avenue West in Bradenton — is the company's 65th retail location nationwide. read more