Amplify ETFs Launches Amplify Seymour Cannabis ETF (NYSE Arca: CNBS)
Amplify Online Retail ETF (IBUY)
US:NASDAQ Investor Relations:
amplifyetfs.com/ibuy-online-retail-etf
Company Research
Source: Business Wire
Firm Enlists Tim Seymour, Co-Host of CNBC "Fast Money" and Recognized Voice in Cannabis Investing, as Portfolio Manager CHICAGO--(BUSINESS WIRE)--Amplify ETFs announces the launch of the Amplify Seymour Cannabis ETF (NYSE Arca: CNBS), an actively-managed ETF that seeks to provide exposure to the fast-developing global cannabis industry. Working alongside Amplify in bringing CNBS to market is early-stage cannabis investor, Tim Seymour, CIO of Seymour Asset Management and CNBC Fast Money co-host, who will serve as the fund’s portfolio manager.Companies in the CNBS portfolio must be federally legal in the countries they operate and fall into three distinct categories: cannabis/hemp plant, support cultivation and retail, and ancillary companies that provide services and products to the broader cannabis market. At least 80% of portfolio companies must also receive 50% or more of their revenue from the cannabis and hemp ecosystem.“The global legal cannabis industry is still very much in
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