Introducing THCX: the ETF solution for cannabis investing that avoids alcohol and tobacco stocks.

Supported by favorable regulatory trends, increasing use cases and growing public acceptance, cannabis is one of the fastest growing current investment themes. To put the opportunity into perspective, the global cannabis market is estimated to reach $630 billion by 2040 up from $12 billion today.* THCX was constructed to make investing in cannabis easier by helping investors get exposure to a basket of stocks that are expected to benefit from growth of the hemp and legal marijuana industries.

* Seaport Global Securities report (February 21, 2019)

THCX Fact Sheet
Cannabis plant macro
Fund Summary
Primary Exchange NYSE Arca Number of Holdings
Ticker THCX Fund Inception Date 7/08/19
CUSIP Expense Ratio 0.75%
Rebalance Frequency Monthly Fee Waiver 0.20%
Options Available Yes Gross Expense Ratio 0.95%
Shares Outstanding 30 Day Median Bid/Ask Spread
Net Assets $ Securities Lending Income1 5.20%

1 Security Lending Income is expressed as the result of dividing net securities lending income for the eleven months ending 11/30/20 by the average daily net assets of the Fund for the same period.

The Fund’s Total Annual Fund Expense ratio is 0.95%. The Fund’s advisor, OBP Capital, LLC (the “Advisor”), has entered into fee waiver agreement with the Fund under which it has agreed to waive or reduce its fees by 0.20% of the average daily net assets of the Fund through June 30, 2022, and may be terminated by the Board of Trustees at any time. The Advisor cannot recoup from the Fund any amounts paid by the Advisor under the fee waiver agreement.

An investment in the Fund is subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. While the shares of the Fund are tradable on secondary markets, they may not trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risks, fluctuate in market value and may trade at prices above or below the ETFs net asset value. The possession and use of marijuana, even for medical purposes, is illegal under federal and certain states’ laws, which may negatively impact the value of the Fund’s investments. Use of marijuana is regulated by both the federal government and state governments, and state and federal laws regarding marijuana often conflict. Even in those states in which the use of marijuana has been legalized, its possession and use remains a violation of federal law. The companies in which the Fund invests are subject to various laws, regulations and guidelines relating to the manufacture, management, transportation, storage and disposal of cannabis , as well as being subject to laws and regulations relating to health and safety, the conduct of operations and the protection of the environment. Even if a company’s operations are permitted under current law, they may not be permitted in the future, in which case such company may not be in a position to carry on its operations in its current locations. Companies involved in marijuana industry face intense competition, may have limited access to the services of banks, may have substantial burdens on company resources due to litigation, complaints or enforcement actions, and are heavily dependent on receiving necessary permits and authorizations to engage in medical marijuana research or to otherwise cultivate, possess, or distribute marijuana. Since the use of marijuana is illegal under United States federal law, federally regulated banking institutions may be unwilling to make financial services available to growers and sellers of marijuana. More information about these risks can be found in the Fund’s prospectus.

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