KCSA Strategic Communications
The Cannabis ETF (THCX) Announces Options Availability
Investors can now trade Puts and Calls on the First Pure-Play Cannabis ETF
NEW YORK, (July 26, 2019) –Innovation Shares, a provider of unique thematic ETFs, announced today that options are now listed for trading on the NYSE Arca Options and NYSE American Options markets for The Cannabis ETF (THCX).
Currently listed on the NYSE Arca, THCX tracks the Innovation Labs Cannabis Index, a rules-based portfolio which rebalances on a monthly basis. The index 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 passively managed US-listed cannabis ETF. 2
For more information on The Cannabis ETF please visit THCXetf.com
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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.