The Marijuana Index Start to Finish (MJ:NYSE)
The Marijuana Index Start to Finish (MJ:NYSE)
The description of the Alternative Harvest ETF (MJ:NYSE) says, “ An investment seeks to provide results which correspond generally to the total return performance of the Prime Alternative Harvest Index. The index is concentrated in the Pharmaceuticals and Tobacco industries and tracks the performance of the exchange-listed common stock of companies across the globe. The fund is non-diversified”.
What you need to know is who is in it like any ETF. Note that most are listed in Canada, but this Index is traded in the US so as to attract US Investors so it hits their TD Ameritrade and Charles Schwab accounts, which is the purpose of most ETF’s since inception.
That breakdown (listed below) lists the larger companies by market cap (total valuation), as a percentage of the index itself which is the way nearly all indexes do, and these publicly-traded cannabis stock make up the Index, and it is a good way to invest and get long (buy) cannabis, and also acts as good benchmark performance, kinda like the SP500 does for larger stocks, or historically like the Dow Jones Average has done for many years acting as the benchmark for how stocks are doing.
Now you have a simple Index (Alternative Harvest ETF (MJ:NYSE) where you can go and compare how your single stock is performing versus how an overall index has performed.
Aurora Cannabis Inc (ACB.TO) 8% of Index
Canopy Growth Corp (WEED.TO) 8%
GW Pharmaceuticals (GWPH.L) 8%
Cronos Group Inc (CRON.TO) 7%
Tilray Inc (TLRY.TO) 6%
HEXO Corp (HEXO.TO) 5%
Aphria Inc (APHA.TO) 5%
Corbus Pharmaceuticals(CRBP) 4%
Green Organic Dutchman (TGOD.TO) 3%
22nd Century Group Inc (XXII) 3%
Cannabis will remain a growth investment for many years, and it is important to follow how the leaders are performing, and Alternative Harvest ETF (MJ:NYSE) is currently the best way to keep track.
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