HANetf & Purpose Investments Confirm Listing Of The Medical Cannabis & Wellness UCITS ETF

• The Medical Cannabis & Wellness UCITS ETF lists on Deutsche Boerse XETRA today under the ticker CBSX
• CBSX is the first medical cannabis ETF to be listed in Europe
• CBSX has been passported to London and Italy
• First UCITS ETF from Purpose Investments, launched via HANetf’s independent white-label ETF platform

HANetf and Purpose Investments are pleased to confirm the listing of The Medical Cannabis and Wellness UCITS ETF on Deutsche Boerse XETRA today.  The fund has listed with the ticker CBSX with a Total Expense Ratio (TER) of 80bps. The ETF is passported for distribution to Italy and the UK .

The launch is significant, providing the first opportunity for European investors to gain exposure to the fast-growing medical cannabis sector via a transparent, diversified and rigorously screened basket of legal cannabis, hemp and CBD-related securities.

As of launch, the Medical Cannabis and Wellness UCITS ETF includes companies from across the medical cannabis ecosystem, including producers, hydroponics suppliers, biotech companies, consumer product producers and ancillary service providers. Key constituents include companies like GW Pharmaceuticals, Charlotte’s Web and Innovative Industrial Properties.

Hector McNeil, co-CEO of HANetf said: “The launch of this ground breaking ETF means European investors can now access this emerging industry with huge growth potential through a regulated UCITS ETF."  

"Purpose Investments are one of Canada’s most experienced and successful providers of cannabis funds and they recognised the opportunity to expand their distribution into Europe. We’re delighted to have worked with them to launch their first European-listed fund, adding to our range of ETFs which target long-term, transformational themes."

"It also emphasises the power of the HANetf platform to enable asset managers to leverage their expertise and bring distinctive new opportunities to European investors."