HMMJ.TO - Horizons Marijuana Life Sciences Index ETF

Toronto - Toronto Delayed Price. Currency in CAD
20.30
+0.70 (+3.57%)
At close: 4:39PM EDT
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Previous Close19.60
Open19.70
Bid20.10 x 0
Ask20.35 x 0
Day's Range19.56 - 20.35
52 Week Range8.36 - 25.56
Volume620,220
Avg. Volume380,184
Net Assets677.65M
NAV16.99
PE Ratio (TTM)N/A
YieldN/A
YTD Return-8.51%
Beta (3y)N/A
Expense Ratio (net)0.94%
Inception Date2017-04-04
  • Reutersyesterday

    Canada sets October start for legal recreational marijuana sales

    Marijuana sales will become legal in Canada beginning October 17, Prime Minister Justin Trudeau said on Wednesday, making it the first major economy to legalize its recreational use. Stocks of marijuana producers, which have rallied in anticipation of legalization, extended gains on Wednesday after the Senate voted on Tuesday to approve adult use of cannabis. The start date marks a delay by the government, which had previously said recreational use of marijuana would become legal within eight to 12 weeks of the law being passed.

  • This Is the Key Factor That All Marijuana Investors Need to Pay Attention to
    The Motley Fool2 days ago

    This Is the Key Factor That All Marijuana Investors Need to Pay Attention to

    Competition is intensifying with marijuana legalization right around the corner. Find out what companies like Aphria Inc. (TSX:APH) are doing to differentiated themselves from the rest of the pack.

  • Almost Halfway Through the Year, This Is Where Marijuana Investors Need to go!
    The Motley Fool4 days ago

    Almost Halfway Through the Year, This Is Where Marijuana Investors Need to go!

    With the legalization of marijuana on the doorstep, Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) remains the leader of the pack.

  • CNW Group4 days ago

    Horizons ETFs Offers More Ways to Gain Exposure to Marijuana Equities

    Futures contracts on the Horizons Marijuana Life Sciences Index ETF (HMMJ) begin trading today. TORONTO, June 18, 2018 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs" or the "Manager") is pleased to announce new developments with its suite of Marijuana-focused exchange traded funds ("ETFs"). This includes the listing of futures contracts on the Horizons Marijuana Life Sciences Index ETF ("HMMJ") and the filing of a preliminary prospectus to launch leveraged, inverse and inverse leveraged ETFs that provide exposure to Canadian-listed Marijuana companies.

  • Why Analysts Revised Sales for Aurora Cannabis
    Market Realist17 days ago

    Why Analysts Revised Sales for Aurora Cannabis

    With the anticipation of marijuana legalization in Canada in the coming months, most of the sales will be captured in fiscal 2019. In the above chart, you can see that the overall sales estimates for fiscal 2019 for most of the cannabis producers have risen from ~1.1 billion Canadian dollars to ~1.7 billion Canadian dollars over the past six months. Looking at the chart, we see that Cronos Group (CRON), CannTrust Holdings (CNTTF), Hydropothecary (HYYDF), and Aurora Cannabis (ACB) (ACBFF) have had the largest percentage changes in sales revisions over the past six months.

  • Canada’s Cannabis Act C-45 Makes Progress in the Senate
    Market Realist23 days ago

    Canada’s Cannabis Act C-45 Makes Progress in the Senate

    On May 28, Bill C-45 (or the Cannabis Act), Canada’s recreational cannabis legalization bill, saw further progress in the Senate. Cannabis investors are closely watching the progress of this bill, since it may positively or negatively impact some of the players in the cannabis industry. Unlike Canopy Growth (WEED) and Aurora Cannabis (ACB) (ACBFF), SMG doesn’t produce cannabis, but it sells related products required to grow cannabis indoors to the retail market.

  • What Investors Are Paying for Cannabis Sector’s Forward EBITDA
    Market Realist24 days ago

    What Investors Are Paying for Cannabis Sector’s Forward EBITDA

    Similar to what we saw in the previous part of this series, the forward EV-to-EBITDA multiple takes into account the estimates for analysts’ one-year forward EBITDA estimates. Let’s see how this multiple has changed in the past two weeks.

  • Cannabis Sector Back in the Red for Week Ended May 25
    Market Realist24 days ago

    Cannabis Sector Back in the Red for Week Ended May 25

    Last week, which ended on May 25, cannabis sector ETFs slipped into negative territory sequentially, with the Horizons Marijuana Life Sciences ETF (HMMJ) closing ~1% lower than the closing on May 18. The ETFMG Alternative Harvest ETF (MJ) fell ~1.7%, and the Horizons Emerging Marijuana Growers Index ETF (HMJR) fell ~1.7%. The Evolve Marijuana ETF (SEED) fell 1.4%.

  • Marijuana Investors: Intoxicated by Volatility? This Pot Investment Can Help Reduce Your Angst
    The Motley Fool25 days ago

    Marijuana Investors: Intoxicated by Volatility? This Pot Investment Can Help Reduce Your Angst

    Here's why Horizons Medical Marijuana Life Sciences ETF (TSX:HMMJ) may be the best bet for investors who want to profit from the growth of the industry without getting caught with a dud.

  • Baystreet28 days ago

    With Cannabis Showing Strength, this ETF has Outperformed of Late

    Over the past month, shares of exchange traded fund (ETF) Horizons Marijuana Life Sciences ETF (TSX:HMMJ) ...

  • Aurora Cannabis Stock Rises 5.8% on Investment in CTT
    Market Realistlast month

    Aurora Cannabis Stock Rises 5.8% on Investment in CTT

    On May 22, Aurora Cannabis (ACB) (ACBFF) added yet another name to its long list of partnerships ahead of legalized cannabis in Canada. The company acquired a 9.1% ownership interest in CTT Pharmaceutical Holdings through a private placement. This deal further has a provision for Aurora Cannabis to increase its stake to 42.5% in CTT.

  • These Stocks Were the Top Movers in the Cannabis Sector Last Week
    Market Realistlast month

    These Stocks Were the Top Movers in the Cannabis Sector Last Week

    Last week, the cannabis sector was broadly positive with the ETF Horizons Marijuana Life Sciences ETF (HMMJ) rising ~4.3%, the Evolve Marijuana ETD (SEED) rising 3%, the ETFMG Alternative Harvest ETF (MJ) rising 1.3%, and the Emerging Marijuana Growers Index ETF (HMJR) rising 0.4% between the close on May 11 and the close on May 18. Over the same period, the TSE 300 Index gained about 1.1%, while the S&P 500 Index fell 0.5%. Let’s look at how some of the cannabis stocks performed last week.

  • Analysts Are More Bearish about Cronos Group in May
    Market Realistlast month

    Analysts Are More Bearish about Cronos Group in May

    Cronos Group (CRON) reported its first-quarter earnings on May 15 with sales growth of almost 4.8x. Following the earnings release, the stock fell 5% on May 15 and fell another 3.4% on May 16 to 7.7 Canadian dollars. The company cut its recommendation to “sell” from “hold” but raised the price target to 6.5 Canadian dollars from 6 Canadian dollars.

  • Why Analysts Are Loving Cannabis Stocks in May
    Market Realistlast month

    Why Analysts Are Loving Cannabis Stocks in May

    With the anticipation of huge demand for cannabis, which translates into potential earnings growth, analysts are quite bullish on cannabis stocks in May. Most companies have seen increased bullishness over the last month, as we’ll discuss in this series. On May 15, Canopy Growth (WEED) stock was in the news again for its latest agreement to acquire Canopy Health Innovation and its subsidiary, Canopy Animal Health.

  • Cronos Group Stock Falls ~5% after Q1 Earnings Release
    Market Realistlast month

    Cronos Group Stock Falls ~5% after Q1 Earnings Release

    Cronos Group (CRON) reported its first-quarter earnings on May 15. The company’s sales rose almost 4.8 times year-over-year to 2.9 million Canadian dollars from 0.5 million Canadian dollars in the first quarter of 2017. Sequentially, sales grew 83% from 1.3 million Canadian dollars.

  • MedReleaf Stock Rises on Aurora Cannabis Acquisition
    Market Realistlast month

    MedReleaf Stock Rises on Aurora Cannabis Acquisition

    Today, Aurora Cannabis (ACB)(ACBFF) announced that it agreed to acquire all of MedReleaf’s (MEDFF) outstanding common shares for about 3.2 billion Canadian dollars. On the other hand, Aurora Cannabis stock fell almost 2.5% to 7.9 Canadian dollars. According to Aurora Cannabis’s press release, the acquisition price of 29.4 Canadian dollars implies a premium of 34% over both companies’ 20-day VWAP (volume-weighted average price) common shares as of May 11.

  • Comparing Cannabis Stocks’ EV-to-EBITDA Multiples
    Market Realistlast month

    Comparing Cannabis Stocks’ EV-to-EBITDA Multiples

    In the previous part of this series, we discussed how Canadian cannabis stocks’ (HMMJ) forward EV-to-EBITDA (enterprise value-to-earnings before interest, tax, depreciation, and amortization) multiple moved last week. In this part, we’ll compare how these producers’ multiples compare with each other.

  • How Cannabis Stocks Performed Last Week
    Market Realistlast month

    How Cannabis Stocks Performed Last Week

    Strong sentiment in the cannabis sector pushed ETFs and stocks into positive territory last week. The Horizons Marijuana Life Sciences ETF (HMMJ) closed 4.4% higher, while its US-listed counterpart, the Horizons Marijuana Life Sciences Index ETF (HMLSF), rose 4.8%. Similarly, the Emerging Marijuana Growers Index ETF (HMJR) rose 4.3%, and the Evolve Marijuana ETD (SEED) rose 2.5% between its close on May 4 and its close on May 11.

  • Moody’s Expects Marijuana to See Limited Revenue
    Market Realistlast month

    Moody’s Expects Marijuana to See Limited Revenue

    On May 8, Moody’s provided insights into the potential of the US and Canadian marijuana industries, discussing the potential impact of regulated medical and recreational marijuana on companies and governments. Here’s what Moody’s had to say. Moody’s vice president and senior analyst Grayson Nichols stated that tax revenue from the marijuana industry for state and local governments was only “marginally credit positive,” adding that for states such as Colorado and California, their share of annual fund revenue would remain small.

  • Cannabis Sector Update for the Week Ended May 4
    Market Realist2 months ago

    Cannabis Sector Update for the Week Ended May 4

    Last week was broadly positive for the cannabis sector. The ETF Horizons Marijuana Life Sciences (HMMJ) rose 2.4%, while the ETFMG Alternative Harvest ETF (MJ) rose 3.1% last week. On the other hand, the Horizons Emerging Marijuana Growers Index ETF (HMJR) fell 1.3%, while Evolve Marijuana ETF (SEED) fell by 79 basis points last week.

  • Aurora Cannabis and MedReleaf Rumored to Be in Merger Talks
    Market Realist2 months ago

    Aurora Cannabis and MedReleaf Rumored to Be in Merger Talks

    Is cannabis industry consolidating? On May 3, Aurora Cannabis (ACB) (ACBFF) and MedReleaf (MEDFF) were halted by the IIROC (Investment Industry Regulatory Organization of Canada) due to unusual trading levels on speculation of merger talks. Aurora Cannabis ended higher by 88 basis points at 8.02 Canadian dollars on May 3, while MedReleaf climbed as much as 2.2% to close at 22.25 Canadian dollars on the same day.

  • Scotts Miracle-Gro’s 2Q18 Earnings: What You Need to Know
    Market Realist2 months ago

    Scotts Miracle-Gro’s 2Q18 Earnings: What You Need to Know

    The Scotts Miracle-Gro Company (SMG) reported its 2Q18 earnings before the market opened today. It posted adjusted EPS (earnings per share) of $2.88, which missed analysts’ mean estimate of $3.31. The company’s core segment, U.S. Consumer, experienced a 6% year-over-year sales decline.

  • How Last Week Was for the Cannabis Sector
    Market Realist2 months ago

    How Last Week Was for the Cannabis Sector

    Last week (ended April 27), cannabis-sector ETFs ended in negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) fell ~4.1%, the Horizons Emerging Marijuana Growers Index ETF (HMJR) fell ~3.8%, and the ETFMG Alternative Harvest ETF (MJ) fell ~4.4%.

  • Canopy Growth Rose 10% Yesterday: Why?
    Market Realist2 months ago

    Canopy Growth Rose 10% Yesterday: Why?

    Yesterday, April 30, Canopy Growth (WEED) rose 10% and closed the day at $30.10 Canadian. The broader cannabis market was also higher with the Horizons Marijuana Life Science ETF (HMMJ) ending the day 3% higher and Aurora Cannabis (ACB), MedReleaf (MEDFF), and Hydropothecary (HYYDF) each gaining 6%. What moved cannabis stocks?

  • Comparing Cannabis Producers’ Valuation Multiples
    Market Realist2 months ago

    Comparing Cannabis Producers’ Valuation Multiples

    In the previous part of this series, we compared the forward EV-to-sales multiples of individual cannabis licensed producers (HMMJ) with the peers’ median on April 26. We’ll do a similar comparison for the EV-to-EBITDA1 multiple as well.