Business
Westleaf Added to World's First and Largest Cannabis ETF
Westleaf Added to World's First and Largest Cannabis ETF Canada NewsWire CALGARY...
About this update from Decibel Cannabis Company Inc
[{"type":"text","content":"\n\n\n\nWestleaf Added to World's First and Largest Cannabis ETF\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, March 22, 2019\n\n\n\nWestleaf joins leading cannabis companies on Horizons Marijuana Life Sciences Index ETF \n CALGARY, March 22, 2019 /CNW/ - Westleaf Inc. (TSX-V: WL) (OTCQB:WSLFF) (\"Westleaf\"), is pleased to announce it has been included on the Horizons Marijuana Life Sciences ETF (\"HMMJ\") (\"TSX:HMMJ\"). HMMJ is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the North American Marijuana Index, net of expenses. This index is designed to provide exposure to the performance of a basket of North American publicly listed life sciences companies with significant business activities in the cannabis industry. The North American Marijuana Index selects from a current universe of companies that have operations that may include one or more of biopharmaceuticals, medical manufacturing, distribution, bio-products and other ancillary businesses related to the cannabis industry.\n\n \n \n\n \n\"We believe the inclusion of Westleaf in the HMMJ is validation that we have laid out an appropriate strategy, that we are showing progress in our execution and that the vertical integration business model is the right approach in an industry that is going through early life-cycle changes,\" said Scott Hurd, President and CEO of Westleaf.\nHMMJ is the world's first ETF that offers direct exposure to North American listed securities involved in the cannabis industry. The fund is designed to provide exposure to the performance of the North American publicly listed cannabis companies with significant activities. The fund was established in 2017 and currently has net assets of more than $1.03 billion (as of 2019-03-20) and is listed on the TSX.\nAbout Westleaf Inc.\nWestleaf is a vertically integrated cannabis company focused on innovative retail experiences and engaging cannabis brands as well as cultivation, production and extraction of cannabis prod...