20:28:19 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Emerald Health Therapeutics Inc
Symbol EMH
Shares Issued 78,179,698
Close 2017-04-04 C$ 1.27
Market Cap C$ 99,288,216
Recent Sedar Documents

Emerald Health included in new marijuana ETF

2017-04-05 13:12 ET - News Release

Mr. Avtar Dhillon reports

EMERALD ANNOUNCES INCLUSION IN THE INDUSTRY'S FIRST ETF

Emerald Health Therapeutics Inc. has been included in the Horizon Medical Marijuana Life Sciences ETF, which began trading today and is the first exchange-traded fund (ETF) to offer direct exposure to North American-listed stocks that operate in the legal medical cannabis industry.

The Horizon Medical ETF seeks to replicate the performance of the North American Medical Marijuana Index, of which the company is one of the 16 constituents. Only stocks that meet minimum asset and liquidity thresholds are qualified for inclusion in the index, and no single stock may exceed 10 per cent of the weight of the index when rebalanced.

"Emerald's inclusion to the North American Medical Marijuana Index and [Horizon Medical] ETF represents an important milestone for our company and highlights the enormous efforts and successes of our team," said Avtar Dhillon, executive chairman. "Inclusion in the ETF should encourage broader participation in Emerald's shares, improving trading liquidity for our shareholders as well as drive more funds to the cannabis sector on the whole, increasing awareness of the publicly traded companies and providing a more passive and diversified method for investors to participate in the truly unique cannabis investment opportunity."

This milestone complements the company's breakout year in 2016, which earned Emerald a ranking of third place in the clean technology and life science sector of the 2017 TSX Venture 50, an award in recognition of being a top performer on the TSX Venture Exchange.

About Emerald Health Therapeutics Inc.

Emerald Health Therapeutics operates primarily through Emerald Health Botanicals Inc., a wholly owned subsidiary of the company and a licensed producer under the access to cannabis for medical purposes regulations. Botanicals is authorized to cultivate and sell both dried medical cannabis flowers and medical cannabis oils in Canada. Botanicals currently operates an indoor cultivation facility in Victoria, B.C., and plans to construct a much-larger purpose-built hybrid greenhouse facility on 32 acres in Metro Vancouver.

© 2024 Canjex Publishing Ltd. All rights reserved.