New Cannabis ETF with American Concentrate Set to Debut on September two

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AdvisorShares Launches Pure US Cannabis ETF (Ticker: MSOS)

Becomes very first cannabis ETF to concentrate completely on U.S. businesses, like multi-state operators

BETHESDA, Md., Sept. 1, 2020 /PRNewswire/ — AdvisorShares, a major sponsor of actively managed exchange-traded funds (ETFs), currently announced that the AdvisorShares Pure US Cannabis ETF (Ticker: MSOS) will start trading on Wednesday, September two, 2020. MSOS becomes the very first U.S.-listed active ETF to provide exposure committed solely to American cannabis businesses, like multi-state operators (MSOs). MSOs are U.S. businesses straight involved in the legal production and distribution of cannabis in states exactly where authorized.

MSOS becomes AdvisorShares second committed cannabis investment technique alongside the AdvisorShares Pure Cannabis ETF (Ticker: YOLO). When YOLO launched on April 18, 2019, it became the very first U.S.-listed active ETF committed to cannabis exposure – investing in each domestic and foreign cannabis equity securities. MSOS joins YOLO as the only U.S.-listed cannabis ETFs that preserve an established, Federal bank as fund custodian.

MSOS seeks extended-term capital appreciation by investing completely in legal, domestic cannabis equity securities. MSOS’ domestic equity technique permits this active ETF to allocate its underlying portfolio amongst multi-state operator (MSO) businesses as nicely as other U.S.-primarily based cannabis-focused places such a REITs, cannabidiol (CBD), pharmaceutical and hydroponics.

The portfolio manager of MSOS is Dan Ahrens, AdvisorShares chief operating officer, who also serves as portfolio manager of YOLO and the AdvisorShares Vice ETF (Ticker: ACT). Ahrens carries a nicely-established knowledge of investing in cannabis and other hugely regulated places of the market place.

We are pleased to offer you MSOS in addition to YOLO which we think responds additional to meeting investors’ demands for additional U.S. cannabis investment exposure. We think that the U.S. clearly represents the most eye-catching chance for cannabis investment and remains an exponentially bigger market place than the Canadian cannabis market place. We really feel strongly that our active portfolio management serves as the most advantageous way to invest in the emerging cannabis space.

Dan Ahrens, AdvisorShares chief operating officer,

AdvisorShares will host a series of investor webinars this week which will give an overview of their cannabis investment tactics, detailed discussions about MSOS, and function added market guests. The following dates involve registration hyperlinks to attend each and every session.

About AdvisorShares

AdvisorShares is a major provider of actively managed ETFs. For economic pros and investors requesting additional details, contact 1-877-843-3831 or check out Stick to @AdvisorShares on Twitter and Facebook for additional insights.

Original press release

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate higher good quality content material and details about major cannabis businesses to assistance our readers filter out the noise and to remain on leading of the most essential cannabis small business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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