The Globe and Mail reports in its Thursday edition that Purpose Financial boss Som Seif has jumped across the pond with a pot exchange traded fund that is his first European venture, but Canada's big weed players, such as Canopy Growth, are not making the leap with him. A triple bylined item in The Globe reports that partnering with HANetf, an independent European ETF specialist, Mr. Seif's Purpose launched the Medical Cannabis and Wellness UCITS ETF this week in Germany on the Deutsche Borse's Xetra exchange. It will also join exchanges in France, Italy, Britain and Switzerland over the next few weeks. The fund will allow Europeans to invest in the cannabis industry through their local stock exchanges, rather than buying shares on North American counterparts. However, the fund does not own many of Canada's largest pot companies. Industry pioneers Canopy, Aurora Cannabis and Aphria are absent. So are companies that more recently became some of Canada's most valuable -- Curaleaf Holdings, Cronos Group and Green Thumb Industries. Purpose's Nawan Butt says investors in Britain are not legally allowed to invest in a company that engages in business activities that are illegal under the country's current laws.