Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move; Interview with Matt Markiewicz, Cannabis #ETF (NYSE: $THCX)
Delta, Kelowna, BC, November 22, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/11221Interview-THCX.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast, Investorideas interviews Matt Markiewicz, Managing Director of The Cannabis ETF (NYSE: THCX), discussing the latest developments within the ETF portfolio following our previous interview, as well as providing insight into the cannabis industry
When asked about the current state of the industry as viewed through the ETF Matt went on to say, “we’ve actually had further trajectory in the shares outstanding in THXC, meaning we’ve actually had investors buying into the fund. This is interesting because in the past couple of weeks we have seen a pretty rough go for most of the cannabis sector as we’ve gotten into earnings, but interest remains fairly high in using the ETF. We’ve seen a lot of tactical investments in the fund from a lot of advisors in the U.S.A. who are using cannabis stocks to harvest losses. They’re taking those losses with the S&P at record highs here, and if they still want to stay in the cannabis space, they are reinvesting through one of the ETF’s. It’s very encouraging to see this sort of buying action in the face of all this volatility.”
When asked about which sub sectors of the industry have shown more stability over the last few months Matt commented, “the cannabis industry extends beyond the “seed to sale” story. There are various subthemes in our portfolio such as Ancillary services, medicinal or pharmaceutical aspects, or a company we have in the portfolio right now that focuses on Latin American markets. So there are companies that don’t necessarily touch the flower that you can invest in. Let's take the extractors for instance, Medipharm and Valens have had relatively good years versus the larger LP’s. There are bright spots in the industry, you just need to wrap your head around the industry being larger than just the cultivation aspect. There are a lot more companies involved in this industry outside those seed to sale stories.”
Matt went on to discuss other movements being noticed in the market in both the U.S. and Canada as well as what investors should be expecting or paying attention to in the coming months.
THCX tracks the Innovation Labs Cannabis Index, which is a modified market capitalization weighted index, with a portfolio of 37 stocks that are expected to benefit from the growth of the legal marijuana, CBD and hemp industries. The index rebalances on a monthly basis and it is currently considered the lowest cost passively managed US-listed cannabis ETF.
Most recently, Sundial Growers Inc. (NASDAQ: SNDL) announced that it has been added to The Cannabis ETF.“
To find out more information regarding The Cannabis ETF visit their website here.
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