MSO Exposure Added to AdvisorShares Pure Cannabis ETF (Ticker: YOLO)
BETHESDA, MD — July 10, 2019 — AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Pure Cannabis ETF (Ticker: YOLO) has added exposure to cannabis multi-state operators (MSOs) which are U.S. based companies directly involved in the legal production and distribution of cannabis in states where approved, making YOLO the only U.S. listed ETF to do so. As more states legalize cannabis for medical or recreational-use, MSOs are believed to be a growth opportunity based on their ability to develop operational, distribution, marketing, and research and development efficiencies in multiple states where legal.
YOLO is the first actively managed ETF to deliver dedicated, fully-invested cannabis exposure and continues to be the only U.S. listed ETF to utilize a federally chartered bank as custodian for the ETF assets.
For more information on the AdvisorShares Pure Cannabis ETF, please visit www.advisorshares.com or call an AdvisorShares Investment Consultant at 1-877-843-3831. Follow @AdvisorShares on Twitter and Facebook for more insights.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.advisorshares.com. Please read the prospectus carefully before you invest.