Columbia Care Inc. Added to the Portfolio of the Horizons U.S. Marijuana Index ETF

TORONTO, May 13, 2019 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") has added Columbia Care Inc. ("Columbia Care") to the portfolio of the Horizons U.S. Marijuana Index ETF ("HMUS"), following the addition of Columbia Care to the US Marijuana Companies Index, the underlying index of HMUS.

HMUS is the first index ETF in the world to provide direct exposure to U.S. Marijuana-sector companies and is the largest U.S.-focused Marijuana ETF by assets under management. 

HMUS seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index (the "Underlying Index"), net of expenses. The Underlying Index is designed to provide exposure to the performance of a basket of North American publicly-listed life sciences companies having significant business activities in, or significant exposure to, the United States Marijuana or Hemp industries.

One of the innovative features of the Underlying Index, is that it has a "Fast Entry" rule, which allows the index, and by extension the ETF, to add new stocks into the portfolio shortly after they become publicly available, assuming they qualify for index inclusion.

Columbia Care was the largest public market debut ever on the NEO Stock Exchange, and currently has a market cap of approximately $2 billion. With this market capitalization, it is already eligible to have the maximum weighting of 10% in HMUS' portfolio. The portfolio of HMUS has been rebalanced to reflect this change.

Rebalancing of the U.S. Marijuana Companies Index occurs each calendar quarter. At those points, all stocks eligible for inclusion are generally re-weighted by their respective market capitalization. The holdings of HMUS and its current portfolio weights are regularly updated and available at www.HorizonsETFs.com/HMUS.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)

Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $10 billion of assets under management and 87 ETFs listed on major Canadian stock exchanges. Horizons ETFs Management (Canada) Inc. is a member of the Mirae Asset Global Investments Group.

Horizons ETFs is a member of Mirae Asset Global Investments. Commissions, management fees and applicable sales taxes all may be associated with an investment in the Horizons U.S. Marijuana Index ETF (the "ETF") is managed by Horizons ETFs Management (Canada) Inc.. The ETF is not guaranteed, its value changes frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing. 

There are risks associated with this product. HMUS is expected to invest in the Marijuana industry in certain U.S. states that have legalized marijuana for therapeutic or adult-use, which is currently illegal under U.S. federal law. HMUS will passively invest in companies involved in the marijuana industry in the U.S. where local state law regulates and permits such activities, as well as in companies involved in the Canadian legal Marijuana industry. HMUS will not be directly engaged in the manufacture, importation, possession, use, sale or distribution of marijuana in either Canada or the U.S. Please read the full risk disclosure in the prospectus before investing.

The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

SOURCE Horizons ETFs Management (Canada) Inc.