YOLO: 1st Quarter 2023 Portfolio Review
Based on net asset value (NAV), YOLO was down just over 4.53% for Q1 2023.
During the quarter, new positions were added in AFC Gamma Inc. (AFCG), Chicago Atlantic Real Estate (REFI), and SNDL Inc. (SNDL). Positions in Valens Co Inc. (VLNS) and iAnthus Capital Holdings (ITHUF) were removed from the portfolio.
Winners and Losers
Although smaller positions in the portfolio, Pharmacielo LTD (PCLO) was up by 34.29% for the quarter and Clever Leaves Holdings Inc. (CLVR) was up 24.40% for the quarter. Charlottes Web Holdings Inc. (CWEB) was down 40.41% and RIV Capital Inc. (RIV) was down 42.86% for the quarter.
Activity for international cannabis companies has been slow. Canada continues to shake out some companies, even those that are highly capitalized. With significant continuous losses, they are mostly left to wait for opportunities to grow in the U.S.
While international investment opportunities are limited, but growing, some of the highlights for the quarter include:
- Malaysian Medical Professionals Voice Support For Medical Cannabis.
- A measure that would legalize recreational cannabis in Colombia is advancing through the legislature.
- Germany is expected to introduce a bill in the coming weeks which, if passed, would greenlight the consumption and sale of cannabis in Europe’s largest economy. Health Minister Karl Lauterbach last week said that his plans received “very good feedback” from the European Commission.
We want to always remind people to think about how they want to invest in the space as YOLO is designed to be fully or mostly fully invested. It’s not a fully tactical strategy. If you want to have a more aggressive risk managed approach to investing in this space, you will want to have a plan/strategy to trade around YOLO. Regardless of the type of investor you are, we appreciate your investment and trading of YOLO as we work to grow the ETF and continue to raise awareness around the cannabis industry and its investment opportunities.
|Ticker||Security Description||Portfolio Weight %|
|MSOS||ADVISORSHARES PURE US CANN||46.19%|
|VFF||VILLAGE FARMS INTERNATIONAL||7.53%|
|IIPR||INNOVATIVE INDUSTRIAL PROPER||5.50%|
|TLRY||TILRAY BRANDS INC||5.44%|
|JAZZ||JAZZ PHARMACEUTICALS PLC||5.23%|
|HITI||HIGH TIDE INC||4.78%|
|OGI||ORGANIGRAM HOLDINGS INC||2.75%|
|REFI||CHICAGO ATLANTIC REAL ESTATE||2.65%|
|AFCG||AFC GAMMA INC||2.28%|
As of 03.31.2023. Cash is not included. Subject to change.
Please see our complete Fund holdings at advisorshares.com/etfs/yolo. The holdings details are updated each market day.
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