Cannabis
Sundial Added to the NYSE Arca-listed ETFMG Alternative Harvest ETF
Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial”) is pleased to announce that it has been added to the ETFMG Alternative Harvest ETF (“MJ”) (Ticker: MJ), which trades on the NYSE Arca.
“We are excited to be included in the ETFMG Alternative Harvest ETF, the first U.S. ETF to target the global cannabis industry,” said Jim Keough, Chief Financial Officer of Sundial. “We welcome the increased exposure to a broader range of investors and the opportunity to articulate our vision as a leader in the global cannabis industry.”
The MJ ETF tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives. Considered one of the largest cannabis funds, the MJ ETF has approximately US$631M in assets under management.