THCBF - Horizons Emerging Marijuana Growers ETF HMJR - 2018 Q2 Update
One of the most popular ways for investors to participate in the marijuana sector is through a diversified ETF. Besides the highly popular Horizons Marijuana Life Sciences ETF (HMLSF) (HMMJ.TO), Horizons launched its second marijuana-focused ETF in February 2018, The Emerging Marijuana Growers ETF (HZEMF) (HMJR.TO). The fund has accumulated an AUM of only about C$12 million as investors prefer to stick with the larger fund. Fundamentally, we think the cannabis space will see increased pressure on the small growers who will suffer from a combination of being in the low-margin