Its top holdings include Tilray Brands Inc., Jazz Pharmaceuticals PLC, Innovative Industrial Properties and Canopy Growth Corp., with a roughly two-thirds U.S.
“Otherwise, what you will end up seeing is about half the sector over the next three or four years either go bankrupt or get acquired.
Horizons also offers two tactical funds, the BetaPro Marijuana Companies Inverse ETF that uses leverage to try and double the daily return of the marijuana index.
The other homegrown fund, the Purpose Marijuana Opportunities ETF , takes a different approach: It’s Canada’s first actively managed cannabis fund that invests in cultivation, extraction, retail and financing in the global cannabis industry.