Cannabis short sellers add $169 million against top marijuana companies in July The hot start cannabis companies enjoyed to 2019 fizzled out in July, and short sellers jumped at the opportunity to add to their bets that the trend will continue, according to a new report. Last month, net short positions in the cannabis space […]
Tag: cannabis
ETFMG’s MJ ETF on Yahoo Finance
Cannabis short interest higher in July: RPT – Cannabis stocks struggled in the month of July, after a strong start to 2019. Cannabis short interest rose 7% in the month of July, according to S3 Analytics. Partner in the ETF managers Group MJ ETF Jason Wilson and Poseidon Co-Founder Morgan Paxhia joins Yahoo Finance’s Zack Guzman and Emily McCormick, along with Kathryn Tuggle, HerMoney Editor-in-Chief, to discuss.
ETFMG's MJ ETF in WSJ
Cannabis ETFs Aren’t the Same ETFMG Alternative Harvest and AdvisorShares Pure Cannabis may track the same industry, but they are quite different in terms of holdings A burning desire for pot stocks may leave unwary cannabis investors with more speculative investments than they realize. Take two exchange-traded funds focused on the cannabis industry: ETFMG Alternative […]
ETFMG's Sam Masucci on CNBC Squawk Box
Here’s what’s driving the cannabis sector going forward – Canopy Growth co-CEO Bruce Linton was ousted from the company on Wednesday, which led the stock to dip on the news but rally within a few hours. Sam Masucci, CEO and founder of ETF Managers Group, joins “Squawk Box” to discuss the state of cannabis confidence.
Jason Wilson on Yahoo Finance
Yahoo Finance’s Emily McCormick and Zach Guzman discuss investing in cannabis, pending legislation and the future of cannabis with Melius Research Founding Partner Rob Wertheimer, Cowen Managing Director Lisa Thomas and Budding Equity Asset Management’s Jason Wilson.
Sam Masucci in Bloomberg
Pot ETFs Make Millions From Short Sellers for Year’s Best Gains Two largest cannabis funds have surged over 45 percent in 2019 Lending out shares in companies they own has boosted returns Exchange-traded funds that invest in cannabis companies are hitting the jackpot with a little help from short sellers. The two largest pot ETFs […]
Sam Masucci in ft.com
Is cannabis the new bitcoin? Steps to legalise marijuana have some investors hooked Cannabis has long been more associated with reducing rather than inducing anxiety among users. But investing in the burgeoning medical marijuana industry is not for the faint-hearted, according to one proponent. Read more here: https://www.ft.com/content/a85b388a-3eab-11e9-9499-290979c9807a
Jason Wilson in MarketWatch
Cannabis stocks are a sea of red as investors take a break after strong gains MedMen bucks the down trend after securing a credit agreement up to $250 million with private-equity firm Gotham Green Partners Cannabis stocks were a sea of red Friday as the broader market tumbled, leading investors to take the opportunity to […]
ETFMG's MJ in Investor's Business Daily
Marijuana Fund Smokes Competition Amid Flurry Of Positive News The euphoric way people in the cannabis industry talk about this being the biggest growth opportunity of our lifetime leads many to believe these insiders are using a little too much of their own product. But a series of recent developments has given the industry more […]
ETFMJ in Bloomberg
‘Investing on Steroids’ Pays Off as Thematic ETFs Trounce Market For returns more than triple the stock market average so far this year, look no further than a quirky group of exchange-traded funds that bet on the latest investment fads. The top three performing U.S.-listed, non-leveraged ETFs this year are so-called thematic funds — or […]
ETFMG's Sam Masucci in USA Today
Cannabis may be coming to a mall near you: rolling papers and CBD products go upscale Cannabis is not just going mainstream. It’s going upscale. The plant, whose species include hemp and marijuana, is showing up in luxe beauty products, sparking an array of glamorous accessories, and becoming the focus of Wall Street investors. Luxury […]
MJ ETF in Bloomberg
Canadian Pot ETF Retakes Billion-Dollar Mark on Stock Surge Assets in Horizons ETF hit C$1b for first time since Oct. 18 ETFMG exchange-traded fund passed $1 billion mark this week The New Year’s rally in pot stocks has sent assets in the first marijuana exchange-traded fund back above C$1 billion for the first time since […]
ETFMG's Sam Masucci on Bloomberg
Drilling Down Into the Biggest Pot ETF – Bloomberg’s Eric Balchunas and Scarlet Fu break down the ETFMG Alternative Harvest ETF (ticker: MJ), and discuss the fund with Sam Masucci, the chief executive officer of the ETF Managers Group. MJ is the biggest marijuana ETF, and tracks companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant. (Source: Bloomberg)
The first and only cannabis ETF listed in the U.S.
The first and only cannabis ETF listed in the U.S. | The ETFMG Alternative Harvest ETF, trading under the ticker MJ, is the first and only cannabis ETF listed in the U.S. Since inception in December, MJ is having a roller coast run, especially with the recent volatility around Canopy and Tilray, which are among MJ’s top holdings.
ETFMG's Alternative Harvest ETF in the New York Times
As Marijuana Goes Mainstream, Investors Rush In The cannabis industry is growing and, naturally, investors are taking notice. With 30 states and the District of Columbia having legalized the use of the drug for medicinal or recreational use, the stock prices of the companies that grow, process and sell marijuana have been rising. Late last […]
ETFMG in ROI-NJ
A real growth fund: Summit firm’s cannabis-themed ETF is luring investors at exponential rate As local policymakers continue to plant seeds for recreational and expanded medical cannabis in the Garden State, one New Jersey company is bringing in the green already. Summit-based ETF Managers Group recently blazed a path to the seventh-fastest-growing exchange-traded fund, or […]