Following Horizon’s Quarterly Rebalance, Here’s What Their North American and U.S. Cannabis ETF Holdings Look Like Now

Horizons ETFs Management (Canada) recently completed the quarterly rebalance of its cannabis-focused ETFs Horizons Marijuana Life Sciences Index ETF (TSX: HMMJ) and Horizons U.S. Marijuana Index ETF (NEO: HMUS).

Horizons Marijuana Life Sciences ETF (TSX: HMMJ)

Horizon’s HMMJ ETF attempts to mimic the overall performance of the North American Marijuana Index by holding a diversified basket of cannabis stocks from a variety of the industry’s subsectors.

The North American marijuana stocks that makeup HMMJ’s portfolio typically have a market cap of over CAD$75 million. HMMJ is known for being the first Cannabis ETF that offered investors direct exposure to companies with significant marijuana business activities.

“Marijuana stocks declined significantly in the first quarter of 2020, alongside most other equities categories, but there has been a strong resurgence in valuations in the last couple of weeks. There is evidence of strong cannabis product sales despite non-essential business closures and government-imposed quarantines, which could give cannabis companies a stronger revenue outlook for Q2 2020,” commented Steve Hawkins, President and CEO of Horizons ETFs.

Since its inception, HMMJ has produced a return of -9.55%.

This quarter, HMMJ made the following adjustments to its holdings.

HMMJ Deletions:

Following the Quarterly Rebalance, Here are HMMJ’s Top 10 Holdings as of April 3, 2020:

Learn more about HMMJ: Website | Benchmark | Holdings | HMMJ Chart

Horizons U.S. Marijuana Index ETF (NEO: HMUS)

Horizon’s HMUS ETF is similar to HMMJ, but rather than attempting to mimicking the North American Marijuana Index, the ETF seeks to replicate the performance of the U.S. Marijuana Companies Index.

“Similar to the increased cannabis sales effect that we are seeing in Canada amid the COVID-19 pandemic, states that have legalized the sale and purchase of recreational and medical marijuana appear to be experiencing greater sales volume,” added Mr. Hawkins.

Like HMMJ, adjustments made to the HMUS ETF also only included deletions. As you’ll notice, Abacus Health and cbdMD were removed from both of Horizon’s cannabis ETFs. Also, worth noting, HMUS dropped Ignite (CSE: BILZ) (OTCQX: BILZF) from its holdings. Ignite is run by Dan Bilzerian, also known as the King of Instagram.

HMUS Deletions:

Following the Quarterly Rebalance, Here are HMUS’ Top 10 Holdings as of April 3, 2020:

Learn more about HMUS: Website | Benchmark | Holdings | HMUS Chart

Charts Source: Barchart

Did you enjoy this article? If so, sign up for our Email Newsletter below to start receiving our weekly recap of the week’s best articles.

Also Read: These 2 Companies Could Be Turning LSD, Magic Mushrooms, Ketamine and MDMA into the Next Blockbuster Drugs

Investors Who Missed the Last Bull Market in Weed Stocks or Got in Too Late Should Start Researching the “Shroom Boom” Immediately

The Most Anticipated U.S. MSO IPO of 2020 is Drawing Near

The Cannabis Sector is Long Overdue for a High-Profile IPO

The Wait is Nearly Over, TCI’s MSO IPO of 2020 is Almost Here

Get Your Copy of The Ultimate Cannabis Investing Guide

Join the Discussion in the TCI Investor Group

Disclosure: The Cannabis Investor does not hold a position in any of the stocks mentioned in this article.

Read More:

Featured ArticlesCannabis Stock NewsCannabis Industry ArticlesTechnical Analysis ArticlesWatch Cannabis Stock Videos

The Cannabis Investor is a leading media outlet for Cannabis investment opportunities and breaking industry news. TCI is focused on uncovering paradigm-shifting marijuana stocks and reporting on the evolving cannabis value chain.