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cajunandy
LSU Fan
New Orleans
Member since Nov 2015
204 posts

Marijuana ETF
ETF Managers Trust ETFMG Alternative Harvest ETF symbol MJX is the first ETF for the cannabis sector. It is Rev Sharks pick of the week. Any thoughts, long -short?

Full disclosure I am long as of this am so yes I am talking up my book.



lsualum01
LSU Fan
Member since Sep 2008
1388 posts

re: Marijuana ETF
I bought Hmslf. It's been doing well. Up over 25% since purchase. The entire segment is doing well since the California legalization. Suposedly Canada will move towards legalization for recreational purposes in June.


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wutangfinancial
LSU Fan
Dallas, TX
Member since Sep 2015
694 posts

re: Marijuana ETF
I'm thinking about adding MJX until I get a feel for what are profitable business plans in this space. I want exposure I just don't know in what capacity.


lsualum01
LSU Fan
Member since Sep 2008
1388 posts

re: Marijuana ETF
To me the holdings of the hmlsf fund are better and pay a higher dividend than mjx. I'm no expert but take a look yourself and tell me what y'all think.


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LSUcam7
SRB FL
Member since Sep 2016
702 posts

re: Marijuana ETF
Anyone know the reasons for the Mexican holdings?


finchmeister08
Florida Fan
Where the light is...
Member since Mar 2011
15787 posts

re: Marijuana ETF
CBIS is up to $0.13. That’s $0.04 since Monday.


cajunandy
LSU Fan
New Orleans
Member since Nov 2015
204 posts

re: Marijuana ETF
MJX started out as a Latin American Real estate ETF. (Tierra XP Latin America Real Estate ETF) Its objective was changed to what it is today.
Here is an article from Seeking Alpha that goes into more details.

MJX- Seeking Alpha


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lsualum01
LSU Fan
Member since Sep 2008
1388 posts

re: Marijuana ETF
Pretty much everything marijuana related is up. Much like it was a few years ago except this time around some of these companies actually have revenues. Hmlsf's holdings include the 3 major Canadian growers that account for about 50% of the licensed cultivation.


Statestreet
LSU Fan
Gueydan
Member since Sep 2008
9248 posts

re: Marijuana ETF
quote:

Pretty much everything marijuana related is up.


Not today Everything related with recreational use appears way down after Sessions announcement.

Buying opp?


finchmeister08
Florida Fan
Where the light is...
Member since Mar 2011
15787 posts

re: Marijuana ETF
Just noticed that.


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lsualum01
LSU Fan
Member since Sep 2008
1388 posts

re: Marijuana ETF
Hmslf is mostly Canadian stocks. In reality the US AG's opinion doesn't matter much however it had some sell-off. If people bought it for the wrong reasons they are probably selling for the wrong reasons too. It has recovered pretty well from this morning. This could be a buying opportunity to get into some of the legitimate Canadian companies that are actually growing and generating revenue now.


TJG210
LSU Fan
New Orleans
Member since Aug 2006
25679 posts

re: Marijuana ETF
Can you purchase these equities on scottrade? Hmslf is telling me invalid symbol.


Finch
LSU Fan
Member since Jun 2015
2026 posts

re: Marijuana ETF
I would also like to buy this with my Ameritrade account


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lsualum01
LSU Fan
Member since Sep 2008
1388 posts

re: Marijuana ETF
I bought it on fidelity and I'm pretty sure I can get it on etrade as well. You do pay a premium though....like a 50 transaction fee, which didn't make a lot of sense to me since it is a cross listed otc stock.


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