Investor Ideas Potcasts, Cannabis News and Stocks on the Move: Interview with Matt Markiewicz, The Cannabis ETF (NYSE: $THCX)
Delta, Kelowna, BC - August 27, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today's edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
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Investor Ideas Potcasts, #Cannabis News and Stocks on the Move: Interview with Matt Markiewicz, The Cannabis ETF (NYSE: $THCX)
In today's podcast I interviewed Matt Markiewicz, the Managing Director of Innovation Shares which also manages The Cannabis ETF (NYSE: THCX), regarding the recent news surrounding THCX as well as the cannabis industry in general.
The Cannabis ETF (THCX) is an ETF that provides investors with a liquid and diversified vehicle to gain access to the explosive growth of the legal cannabis market.
There are a lot of ETF firms out there and over 2k ETFs in the United States. What makes Innovation Shares different?
"The unique thing about Innovation shares is how we build the index that the fund attracts. Part of our methodology is using a patent pending process that applies a natural language processing algorithm, that's rooted in artificial intelligence, that looks at media sentiment for stocks related to a particular theme. We are trying to only include stocks with positive sentiment. Investor sentiment/behaviour is often influenced by what the media says about the stocks. We apply this process, what's called a sentiment overlay, into the construction of our portfolios. That's what really differentiates us."
What are some of the other factors that influence their decisions to add or remove certain companies from the ETF?
"A stock must a have a minimum 100 million dollar market cap U.S. in order to even be considered in the portfolio. It also has to trade on one of 5 exchanges in the world, which are the ASX, TSX, TSX-V, NYSE or NASDAQ. We also have liquidity requirements as well and we rebound this portfolio monthly and we apply a modified market cap approach."
Your ETF has had a fair amount of movement in the last few months, could you discuss some of that in detail?
"We did have a fairly active reshuffling of the portfolio this past rebalance. We added Valens, CBDMD, Fire and Flower as well as a company called Enwave who has a proprietary drying technology used in food which is now being applied to cannabis, which is quite an interesting story. We also removed Innovative Industrial Properties and Canntrust. It was a very active rebalance period for us. That's not always going to be the case but there were a lot of big news items, some bad some good for the cannabis industry over this summer, so that's why you're seeing a lot of activity."
When looking at the proposed Safe |banking Act, how much do you see this impacting the U.S. cannabis industry as well as your ETF?
"The question for us is will the potential passage of the safe banking act allow companies easier access to capital markets, or in other word list on the NYSE or NASDAQ. As I mentioned we have a requirement that stocks have to trade on one of those exchanges. From a funds specific standpoint I think it would be massive. From a broader perspective, it would open up the market to the larger equity space.Right now you're still not seeing many of the largest fund managers in the world getting involved with cannabis. If the safe banking act will allow those institutions to become more comfortable with owning the stock of these public companies, then this could be a watershed moment for the industry."
The U.S. and Canada get a large spotlight in the Cannabis industry, how much attention are you paying to the international scope of the industry?
"I think the growth of the global cannabis story is quite interesting. There are companies that are trading now or will be trading soon that will have access to these global markets. As regulatory changes occur in markets around the world, they definitely bare watching. It's going to be an opportunity for revenue expansions, or multiple expansions for the companies entrenching themselves in these markets." When asked which companies are included in the ETF on an international level Matt included, Khiron Life Sciences and Pharmacielo.
To find out more information regarding the Cannabis ETF, visit their website here.
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