The Cannabis ETF (THCX) Rebalance Additional Diversifies Portfolio


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Christina Panta
KCSA Strategic Communications
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The Cannabis ETF (THCX) Rebalance Additional Diversifies Portfolio

THCX Adds Providers Focused on CBD, Ancillary Solutions and Canadian Retail Marketplace

NEW YORK (August 13, 2019) — Innovation Shares, a provider of thematic ETFs, announced it has completed the month-to-month rebalance of The Cannabis ETF (NYSE: THCX) and has added 4 corporations to the portfolio: Valens GroWorks Inc. (TSXV: VGW), EnWave Corp. (TSXV: ENW), cbdMD Inc. (NYSE: YCBD) and Fire and Flower Holdings (TSX: FAF). Concurrently, 3 corporations had been removed from the portfolio: CannTrust Holdings (NYSE: CTST), Vivo Cannabis (TSXV: VIVO) and Revolutionary Industrial Properties (NYSE: IIPR).

“We are excited to expand THCX’s footprint in the numerous cannabis business sub-themes by which includes 3 corporations whose firms revolve about ancillary solutions and CBD-primarily based customer items,” stated Matt Markiewicz, Managing Director of Innovation Shares. “In specific, Valens, EnWave, and cbdMD all operate at the crossroads of science and technologies which should really appeal to investors who are hunting for differentiated exposure outdoors of a classic seed-to-sale story.”

Listed on the NYSE Arca, THCX tracks the Innovation Labs Cannabis Index, a guidelines-primarily based portfolio which rebalances on a month-to-month basis. The index consists of 36 stocks that are anticipated to advantage from the rise in worth of the worldwide cannabis market place which is estimated to attain $630 billion by 20401. THCX’s 70 bps management charge tends to make it the lowest expense passively managed US-listed cannabis ETFtwo.

THCX is the initial and only U.S.-listed cannabis ETF to hold Valens GroWorks, EnWave Corp. and Fire and Flower Holdingsthree.

For additional facts on The Cannabis ETF please take a look at

About Innovation Shares LLC
Innovation Shares builds cutting-edge portfolios about expanding and disruptive thematic investment
trends. The correct innovation behind its method is the AI powered organic language processing algorithm
utilized to assistance recognize sentiment about themes and relevant stocks.

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1 Seaport Worldwide Securities report (February 21, 2019)
two The ETFMG Option Harvest ETF has a .75% management charge.
three Primarily based on August 13, 2019 corporation web-site information.


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