Media Contact:
Christina Panta
KCSA Strategic Communications

Introducing The Cannabis ETF (THCX)

U.S. Markets Welcome First Passively Managed Pure-Play ETF Solution for Investing in Cannabis

NEW YORK, (July 9, 2019) –The Cannabis ETF (THCX), the first passively managed pure-play ETF solution for investing in cannabis, is now available to investors. The Cannabis ETF comes from Innovation Shares, a sponsor of unique thematic exchange traded funds.

“As a pure-play cannabis ETF, THCX focuses on companies in the legal marijuana, CBD and hemp industries – the portfolio does not rely on alcohol or tobacco stocks to provide exposure to this burgeoning global growth story,” said Matt Markiewicz, Managing Director, Innovation Shares. “Investors entering the cannabis space have demanded a diversified, liquid and cost-efficient vehicle to invest in the ‘green rush’ and we are ready to deliver on that ask.”

Listed on the NYSE Arca, THCX tracks the Innovation Labs Cannabis Index, a rules-based portfolio which rebalances on a monthly basis. The index currently consists of 35 stocks that are expected to benefit from the rise in value of the global cannabis market which is estimated to reach $630 billion by 2040 1 . THCX’s 70 bps management fee makes it the lowest cost US-listed cannabis ETF. 2

“With several regulatory catalysts on the horizon in the U.S. and abroad, the current cannabis environment presents an exciting opportunity for investors. One area which has witnessed explosive growth since the signing of last year’s U.S. Farm Bill is the hemp-derived CBD industry. Several of the companies in the portfolio are actively participating in this CBD boom by cultivating hemp, providing extraction services or by using CBD for applications in the pharmaceutical, health and consumer wellness markets,” added Markiewicz.

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About Innovation Shares LLC
Innovation Shares builds cutting-edge portfolios around growing and disruptive thematic investment trends. The true innovation behind its strategy is the AI powered natural language processing algorithm used to help identify sentiment around themes and relevant stocks.

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1 Seaport Global Securities report (February 21, 2019)
2 The ETFMG Alternative Harvest ETF has a 0.75% management fee while The AdvisorShares Pure Cannabis ETF has a net expense ratio of 0.74%