AdvisorShares Launches U.S. Pure Cannabis ETF (Ticker: MSOS)
Becomes first cannabis ETF to concentrate entirely on U.S. companies, including multi-state operators
BETHESDA, MD — September 1, 2020
AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced that the AdvisorShares Pure U.S. Cannabis ETF (Ticker: MSOS) will begin trading on Wednesday, September 2, 2020. MSOS becomes the first U.S.-listed active ETF to deliver exposure dedicated solely to American cannabis companies, including multi-state operators (MSOs). MSOs are U.S. companies directly involved in the legal production and distribution of cannabis in states where approved.
MSOS becomes AdvisorShares second dedicated cannabis investment strategy alongside the AdvisorShares Pure Cannabis ETF (Ticker: YOLO). When YOLO launched on April 18, 2019, it became the first U.S.-listed active ETF dedicated to cannabis exposure – investing in both domestic and foreign cannabis equity securities. MSOS joins YOLO as the only U.S.-listed cannabis ETFs that maintain an established, Federal bank as fund custodian.
MSOS seeks long-term capital appreciation by investing entirely in legal, domestic cannabis equity securities. MSOS’ domestic equity strategy allows this active ETF to allocate its underlying portfolio among multi-state operator (MSO) companies as well as other U.S.-based cannabis-focused areas 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 well-established expertise of investing in cannabis and other highly regulated areas of the market.
“We are pleased to offer MSOS in addition to YOLO which we believe responds further to meeting investors’ demands for more U.S. cannabis investment exposure,” said Ahrens. “We believe that the U.S. clearly represents the most attractive opportunity for cannabis investment and remains an exponentially larger market than the Canadian cannabis market. We feel strongly that our active portfolio management serves as the most advantageous way to invest in the emerging cannabis space.”
AdvisorShares will host a series of investor webinars this week which will provide an overview of their cannabis investment strategies, detailed discussions about MSOS, and feature additional industry guests. The following dates include registration links to attend each session.
• Wednesday, September 2nd at 4:00pm EDT – featuring Dan Ahrens and Ben Kovler, CEO and Chairman of Green Thumb Industries
• Thursday, September 3rd at 4:00pm EDT – featuring Dan Ahrens and Steve White, CEO of Harvest, Inc.
• Friday, September 4th at 12:00pm EDT – featuring Dan Ahrens and AdvisorShares CEO Noah Hamman
AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit www.advisorshares.com. Follow @AdvisorShares on Twitter and Facebook for more insights.