ETF pioneer Som Seif shuns Canadian stocks in launching new pot fund

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

ETF pioneer Som Seif shuns Canadian stocks in launching new pot fund GlobeInvestor

The fund will allow Europeans to invest in the cannabis industry through their local stock exchanges, rather than buying shares on North American counterparts. However, the fund doesn’t own many of Canada’s largest pot companies.Industry pioneers Canopy Growth Corp., Aurora Cannabis Inc. and Aphria Inc. are absent. So are companies that more recently became some of Canada’s most valuable – Curaleaf Holdings Inc., Cronos Group Inc. and Green Thumb Industries Inc.

Some European countries have legalized medical marijuana. Marijuana Business Daily estimates that total sales of medical cannabis flower within the European Union amounted to roughly €74.4-million , with nearly all coming from Germany and Italy. It’s launching with 13 stocks. The most valuable are Scotts Miracle-Gro Co., an American fertilizer company that many consider a cannabis company because of its sales to the sector, and GW Pharmaceuticals PLC, a U.S.-listed company that sells cannabinoid medicines. Purpose estimates roughly 20 per cent of the fund is invested in the Canadian companies, compared with 80 per cent in U.S. names.The only Canadian companies included are PharmaCielo Ltd., Namaste Technologies Inc.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

RRSPs are a great way to hold these six U.S. dividend stocksHolding these stocks in an RRSP allows Canadians to avoid the 15-per-cent withholding tax that the U.S. government imposes on the dividends that U.S. companies pay out
ソース: globeandmail - 🏆 5. / 92 続きを読む »