U.S. cannabis ETF set to begin trading on NYSE Tuesday

Innovation Shares LLC said late Monday that a cannabis-focused exchange traded fund will begin to trade on the New York Stock Exchange under the ticker symbol THCX beginning Tuesday. The Cannabis ETF will hold 35 stocks and includes some of the world's largest Canadian marijuana companies by market capitalization such as Canopy Growth Corp. /zigman2/quotes/200603886/composite CGC -18.57% /zigman2/quotes/202205609/delayed CA:WEED -18.49% , Aurora Cannabis Inc. /zigman2/quotes/210559470/composite ACB -3.65% /zigman2/quotes/203734337/delayed CA:ACB -3.41% and Tilray Inc. /zigman2/quotes/209129655/composite TLRY -5.74% . It also includes operators in the U.S. such as Charlotte's Web Holdings Inc. /zigman2/quotes/205374221/delayed CWBHF +1.78% /zigman2/quotes/212650907/delayed CA:CWEB +3.57% and Innovative Industrial Properties /zigman2/quotes/208038978/composite IIPR -0.70% , which is a real estate investment trust. Innovation Shares said that the ETF will re-balance monthly. The fund's management fee is set at 0.7%. According to The Wall Street Journal the average expense ratio for an ETF is 0.44%, though narrowly focused funds tend to be more expensive. AdvisorShares Pure Cannabis ETF /zigman2/quotes/211349815/composite YOLO -4.19% and ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ -2.52% also track the cannabis sector and trade in the U.S.

/zigman2/quotes/200603886/composite

Add to watchlist CGC

Canopy Growth Corp.

US : U.S.: Nasdaq

$ 2.85

-0.65 -18.57%

Volume: 19.91M

June 30, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.40 billion

Rev. per Employee

$131,696

/zigman2/quotes/202205609/delayed

Add to watchlist CA:WEED

Canopy Growth Corp.

CA : Canada: Toronto

$ 3.66

-0.83 -18.49%

Volume: 3.67M

June 30, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.81 billion

Rev. per Employee

$165,130

/zigman2/quotes/210559470/composite

Add to watchlist ACB

Aurora Cannabis Inc.

US : U.S.: Nasdaq

$ 1.32

-0.05 -3.65%

Volume: 7.61M

June 30, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$309.99 million

Rev. per Employee

$102,246

/zigman2/quotes/203734337/delayed

Add to watchlist CA:ACB

Aurora Cannabis Inc.

CA : Canada: Toronto

$ 1.70

-0.06 -3.41%

Volume: 1.69M

June 30, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$399.16 million

Rev. per Employee

$128,185

/zigman2/quotes/209129655/composite

Add to watchlist TLRY

Tilray Brands Inc. Cl 2

US : U.S.: Nasdaq

$ 3.12

-0.19 -5.74%

Volume: 23.93M

June 30, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$1.65 billion

Rev. per Employee

$253,146

/zigman2/quotes/205374221/delayed

Add to watchlist CWBHF

Charlotte's Web Holdings Inc.

US : U.S.: OTC

$ 0.45

+0.0079 +1.78%

Volume: 60,089

June 30, 2022 3:59p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$63.13 million

Rev. per Employee

$355,896

/zigman2/quotes/212650907/delayed

Add to watchlist CA:CWEB

Charlotte's Web Holdings Inc.

CA : Canada: Toronto

$ 0.58

+0.02 +3.57%

Volume: 51,171

June 30, 2022 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$81.28 million

Rev. per Employee

$446,199

/zigman2/quotes/208038978/composite

Add to watchlist IIPR

Innovative Industrial Properties Inc.

US : U.S.: NYSE

$ 109.87

-0.78 -0.70%

Volume: 268,355

June 30, 2022 4:00p

P/E Ratio

22.70

Dividend Yield

6.37%

Market Cap

$3.09 billion

Rev. per Employee

$12.57M

/zigman2/quotes/211349815/composite

Add to watchlist YOLO

AdvisorShares Pure Cannabis ETF

US : U.S.: NYSE Arca

$ 5.26

-0.23 -4.19%

Volume: 47,961

June 30, 2022 4:00p

/zigman2/quotes/204332491/composite

Add to watchlist MJ

ETFMG Alternative Harvest ETF

US : U.S.: NYSE Arca

$ 5.80

-0.15 -2.52%

Volume: 1.19M

June 30, 2022 4:00p