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INDIVA Limited Added to the Horizons Emerging Marijuana Growers Index ETF

Another Canadian Based ETF Introduced to the Market Yesterday

Horizons Emerging Marijuana Growers Index ETF (AQN:HMJR) has included INDIVA Limited (TSXV:NDVA) into its list of component stocks. The small cap ETF launched February 14th and will represent cannabis companies with a market capitalization of $50 – $500 million.

The Horizons Emerging Marijuana Growers Index ETF is comprised of 26 component stocks with INDIVA representing the smallest holding at 1.31%. The largest holding within the new ETF is Cann Group Ltd. (ASX: CAN) out of Australia, representing 7.24% of the index’s holdings.

INDIVA is a Canadian supplier of high quality, medical grade cannabis. INDIVA’s strain selection, cultivation and client care processes combine the know-how and experience of an internationally recognized and award-winning grow-team with GMP-compliant quality assurance standard operating procedures.

INDIVA’s wholly owned subsidiary is a Licensed Producer under Canada’s Access to Cannabis for Medical Purposes Regulation (“ACMPR”) with its first indoor cannabis production facility located in London, Ontario.

INDIVA aims to become a global marijuana brand recognized for high quality cannabis products and excellent client care. As marijuana laws liberalize in Canada, INDIVA will expand its product offering to include safe edibles and other client-friendly cannabis products. In addition, as marijuana laws liberalize internationally, INDIVA will use its Canadian operations as a platform to open new markets for its cannabis products. See www.INDIVA.ca for more information on INDIVA.

There are strong diversification possibilities with this ETF. This equity will not be for everyone due to its likely volatility, but it is unlikely to be as volatile as its individual components. Having a small cap alternative to go along with the Horizons Marijuana Life Sciences Index ETF (AQN:HMMJ), which represents larger companies, adds another dynamic to a portfolio. This ETF trades out of Toronto, so again, any interested investors out of the United States need to make sure they are working with a broker that allows them to trade international stocks.

read more at technical420.com

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Richard Lowe

Richard Lowe is a 14-year veteran of the financial sector with licenses as a commodity broker (Series 3) and investment advisor representative (IAR Series 65). Along with a focus on raising capital for the firms he was employed with, he also wrote and edited much of the content published by them. He holds a BA in Journalism from the University of Massachusetts. He has been a longtime advocate for marijuana legalization due to the social injustices associated with marijuana prohibition and the strong potential for the medicinal benefits of cannabis.

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