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Horizons ETFs Management (Canada) CEO on Cannabis Sector Catalysts

421 views · Published 10 December 2018 · 9:53 · Indexed 20 October 2026

Channel: Midas Letter · 2018 · News & Politics

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Horizons ETFs Management (Canada) President and CEO Steve Hawkins provides his take on the current state of the cannabis market. Hawkins is still bullish about cannabis stocks and believes the recent Altria Inc (NYSE:MO)-Cronos Group Inc (TSE:CRON) (NASDAQ:CRON) (FRA:7CI) deal is just one of many potential industry catalysts; however, he also notes that equity markets are currently extremely volatile. Hawkins describes the performance of the Horizons Marijuana Life Sciences Index ETF (TSE:HMMJ) (OTCMKTS:HMLSF), which Horizons ETFs Management launched last year. He notes that while the ETF is down 15 percent since October, it slightly outperformed the top five Canadian cannabis companies, and remains a viable option for investors looking to enter the space. Hawkins praises the Canadian Securities Exchange for becoming the “cannabis exchange of the world.”

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