Tag: MJ

Investing in the Cannabis Ecosystem

On December 7th, 2018, Altria (NYSE: MO), one of the oldest and largest tobacco companies worldwide, announced their intent to purchase a $2.4 billion or 45% stake in Cannabis producer Cronos Group (Nasdaq: CRON) [1], thus opening the door for potentially greater investment in Cannabis by Big Tobacco.   This blockbuster deal came one year after… Read more »

MJ Commentary Q2 2019

Insights MJ Q1 2019 Commentary

Executive Summary The cannabis industry saw several notable developments during the second quarter of 2019. In April, the House Financial Services Committee voted to advance the Secure and Fair Enforcement(“SAFE”) Banking Act. If passed, the Act would effectively allow federally regulated banks to accept revenue from businesses profiting from the sales of cannabis. In the… Read more »

ETFMG Alternative Harvest ETF (MJ) Declares Quarterly Dividend

Insights MJ 1 Year Anniversary

ETFMG Alternative Harvest ETF (MJ) Declares Quarterly Dividend SUMMIT, N.J.–(Friday, June 28, 2019) – MJ, The ETFMG Alternative Harvest ETF (NYSE Arca: MJ) has declared an approximate $6.5 million quarterly dividend which equates to $0.18 per share. The dividend will be paid July 3, 2019 to shareholders of record as of the close of business,… Read more »

ETFMG & Canopy Growth to Host Exclusive Cannabis Innovator Event

ETFMG Canopy Growth Corporation SALT 2019 Cannabis Innovator Breakfast

ETFMG & Canopy Growth to Host Exclusive Cannabis Innovator Event at SALT 2019 SUMMIT, N.J. and SMITH FALLS, ON, April 25, 2019 – ETF Managers Group (ETFMG), the issuer behind the world’s largest cannabis ETF, MJ (NYSE: MJ), is partnering with Canopy Growth Corporation (NYSE: CGC), the world’s largest diversified cannabis and hemp company, to… Read more »

MJ Commentary Q1 2019

Executive Summary Regulatory Developments A vote to legalize recreational marijuana in New Jersey was called off after state lawmakers stated that they didn’t have enough votes to pass the new law. Nevertheless, top state politicians believe that a new vote could be scheduled before the state budget is set on June 30. In New Mexico,… Read more »

ETFMG Teams Up with UFC Heavyweight Alexey Oleynik

ETFMG MJ UFC Alexey Oleynik

ETFMG Teams Up with UFC Heavyweight Alexey Oleynik SUMMIT, N.J. – (March 26, 2019) – ETFMG Alternative Harvest ETF (NYSE: MJ), issued by ETF Managers Group (ETFMG), will sponsor UFC heavyweight Alexey Oleynik, the company announced today. Alexey “The Boa Constrictor” Oleynik is one of the top heavyweights in the world and has a career mixed… Read more »

MJ Surpasses $1 Billion in Assets

Insights MJ 1 Year Anniversary

MJ – The ETFMG Alternative Harvest ETF Surpasses $1 Billion in Assets SUMMIT, N.J. – (Wednesday, February 6, 2019) – Thematic ETF Issuer, ETF Managers Group (ETFMG), is excited to announce that the ETFMG Alternative Harvest ETF, better known as MJ, has officially joined the “billion dollar club.” After less than 14 months of trading… Read more »