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 totally on U.S. organizations, such as multi-state operators

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

MSOS becomes AdvisorShares second devoted cannabis investment method 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 devoted to cannabis exposure – investing in each domestic and foreign cannabis equity securities. MSOS joins YOLO as the only U.S.-listed cannabis ETFs that keep an established, Federal bank as fund custodian.

MSOS seeks lengthy-term capital appreciation by investing totally in legal, domestic cannabis equity securities. MSOS’ domestic equity method makes it possible for this active ETF to allocate its underlying portfolio amongst multi-state operator (MSO) organizations as nicely as other U.S.-primarily based cannabis-focused regions 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 regions of the marketplace.

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 desirable chance for cannabis investment and remains an exponentially bigger marketplace than the Canadian cannabis marketplace. 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 present an overview of their cannabis investment tactics, detailed discussions about MSOS, and function more sector guests. The following dates contain registration hyperlinks to attend every single session.

About AdvisorShares

AdvisorShares is a major provider of actively managed ETFs. For economic specialists and investors requesting additional information and facts, contact 1-877-843-3831 or check out www.advisorshares.com. Adhere 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 high quality content material and information and facts about major cannabis organizations to aid our readers filter out the noise and to remain on prime of the most crucial cannabis enterprise 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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