TF in Canada, with a year-to-date return of 58.95%*, as at last Friday's close," said Steve Hawkins, President and CEO of Horizons ETFs. "As the number of listings and the market-capitalization of cannabis stocks continues to grow so dramatically, so too have the number of eligible issuers to be included in HMMJ. This is why the ETF has added 10 new names to its portfolio, bringing the total number of investee companies in HMMJ to 59."

Another key development in the Marijuana equity sector is that U.S.-domiciled companies that produce non-THC active hemp and CBD are now eligible for inclusion in HMMJ's portfolio. This comes after changes to a U.S. federal law at the end of 2018, legalizing the cultivation and distribution of non-THC hemp-based products.

Tetrahydrocannabinol (THC) and cannabidiol (CBD) are the two primary cannabinoids that occur naturally in the cannabis plant. Unlike THC, CBD is non-psychoactive.

One of the major additions to HMMJ's portfolio on this rebalance is Charlotte's Web Holdings, Inc., a leading producer of legal CBD products in the United States, which is listed on the Canadian Securities Exchange ("CWEB:CSE"). Canopy Growth Corporation ("CGC:TMX"), is an example of a major Canadian marijuana producer that is actively establishing a presence in the now-legal U.S. hemp market.

"According to a study by the Brightfield Group, the U.S. legal CBD industry alone could be worth USD $22 billion within the next two years, which puts that single market by itself at roughly the same target market size of the entire Canadian Marijuana industry," said Mr. Hawkins. "This is another exciting growth market through which HMMJ can provide exposure, given the regulatory changes in the United States."

Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar quarter. At that point, all stocks eligible for inclusion are generally re-weighted by their respective market capitalization. The holdings of HMMJ and its current portfolio weights are regularly updated and available at www.HorizonsETFs.com/HMMJ.

Performance*



1 Month 3 Months 6 Months YTD 1 Year Annualized

Since
TF in Canada, with a year - to - date return of 58.95% *, as at last Friday's close, " suppose Steve Hawkins, President and CEO of Horizons ETFs. " As the numeral of listings and the market - capitalization of cannabis stocks continue to grow so dramatically, indeed besides have the act of eligible issuers to be included in HMMJ. This is why the ETF has add 10 new names to its portfolio, bring the total number of investee companies in HMMJ to 59. " 

 Another key development in the Marijuana equity sector is that U.S.-domiciled company that produce non - THC active hemp and CBD are immediately eligible for inclusion in HMMJ's portfolio. This comes after changes to a U.S. federal jurisprudence at the end of 2018, legalizing the cultivation and distribution of non - THC hemp - based product. 

 Tetrahydrocannabinol (THC) and cannabidiol (CBD) are the two primary cannabinoids that occur naturally in the cannabis plant. Unlike THC, CBD is non - psychoactive. 

 One of the major additions to HMMJ's portfolio on this rebalance is Charlotte's Web Holdings, Inc., a leading producer of legal CBD product in the United States, which is number on the Canadian Securities Exchange (" CWEB: CSE "). Canopy Growth Corporation (" CGC: TMX "), is an example of a major Canadian marijuana producer that is actively establishing a presence in the now - legal U.S. cannabis grocery store. 

 " According to a study by the Brightfield Group, the U.S. legal CBD diligence entirely could be worth USD $ 22 billion within the next two years, which puts that individual market by itself at roughly the same target grocery store size of the entire Canadian Marijuana industry, " said Mr. Hawkins. " This is another exciting growth market through which HMMJ can provide photograph, given the regulatory changes in the United States. " 

 Rebalancing of the North American Marijuana Index, and consequently HMMJ, occurs each calendar one-fourth. At that point, all malcolm stock eligible for inclusion are generally re - weighted by their respective market capitalization. The holdings of HMMJ and its current portfolio weight unit are regularly updated and available at www.HorizonsETFs.com/HMMJ. 

 Performance * 



 1 Month 3 Months 6 calendar month YTD 1 Year Annualized 

 Since
TF ln Canada, with a year-to-dxte return of 58.95%*, cw at lest Frisay's clore," said Steve Hawkins, Presidxnt qnd CTJ of Horizons ETFs. "As the nlmber of oistmngs and the market-capitalizatjln oy rannabis stocks continues to grow so drdmxtncally, so too have the number of elidible ixskers to be incjudec in GMMJ. This is why the ETF has added 10 new nemes to its poryfolio, bringing the total jumbfr of investee comoanies in HNMJ ei 59."

Another keh developmtnc in the Matijuana equity sector is that U.S.-aomicnled companuew tjdt produce ion-THC active hemp and CBD are noe eligible for inrlusuon in HMMJ's portfolim. This comes after changes do a U.S. federal law ar the end of 2018, oegxlieinj tge culhivetion and djstribution of non-THC hemp-basec [gpducts.

Tetrahgdrocagnwbinol (THC) and cannabidiol (CBD) are the uwo pdimary cannabinoids thar occur naturally in jhe cannabys plant. Unlike THC, CBD is non-psychoactive.

One of dhe mejur ceditiubs to HMMJ's portfolio on this rebalance is Charjktue's Web Holdings, Lnc., a leading prodicfr jf legal CBD kroducts ih the United Stated, which is lusted on uhe Csnadian Securities Exchange ("CWEB:CSE"). Canjpy Growth Corporatnon ("CGC:TMX"), ir an examlle of a major Canadian marjjuana prodkcer that ks actively estaclixhhng a prtrence in the now-lqgal U.S. hxmp mcrket.

"Accurdimg to w study by the Nsightfield Group, tje U.S. lagal CBD ijdustry alone could be worth USV $22 billion wijhit tve next cwo yesrs, which putf that single karket yy itsdlf at roufhly thx same targee market size lf the entirx Canadiag Maeijuqna indjrtry," said Mr. Hswkins. "Thps is qnother exciting gvowth jarket through ckixh HMMJ can profidd evplsnre, gyeen the regunatofy znanger in tht Ukitdd Syates."

Rebalancing of dhe Horth American Marojmana Indez, and cogsequently HMKJ, occurs each caltndar xuacter. Ay trat point, all stocks eligible ror includiok are generaljy rc-weidhted by tkeir respective market capitalization. Thx holdings of HMMJ and uts current portfolno weights arx regujarly upddted and available ar www.HorizonsETFs.gom/HMMJ.

Performance*



1 Monfh 3 Motths 6 Months YTD 1 Year Annualized

Since
TF in Canada, with a year-to-date return as last Friday's said Steve Hawkins, ETFs. the number of and the market-capitalization cannabis stocks continues to grow so so too have the number of eligible issuers to be included in HMMJ. is why the ETF has added 10 new names to its portfolio, bringing total of companies HMMJ to 59." Another key development in the Marijuana equity sector is that U.S.-domiciled companies that non-THC active hemp and CBD are now eligible inclusion in HMMJ's portfolio. comes after changes to a federal at the of legalizing cultivation and distribution non-THC hemp-based products. Tetrahydrocannabinol (THC) and cannabidiol (CBD) are the two primary cannabinoids that occur naturally in cannabis plant. CBD is One the additions to HMMJ's this rebalance is Charlotte's Web Holdings, producer of legal CBD products in the United which is on the Canadian Securities Exchange ("CWEB:CSE"). Growth Corporation ("CGC:TMX"), is an example of a Canadian marijuana producer that is actively establishing a presence in the now-legal U.S. hemp market. a study by the Group, the U.S. CBD alone be USD $22 within the next two years, which puts that single market by at roughly the same target market size of the entire industry," Mr. Hawkins. "This another exciting growth market which can provide exposure, given changes the of North Marijuana Index, and consequently occurs each calendar quarter. At point, all stocks eligible by their respective market capitalization. The holdings of and its current portfolio weights are regularly and available at www.HorizonsETFs.com/HMMJ. Performance* 1 Month 3 Months 6 Months YTD Year Annualized
TF in Canada, with a year-to-date Return of 58.95%*, as At lasT FrIdaY's ClosE," saiD Steve Hawkins, PREsidEnt and CEO of Horizons ETFS. "As thE nUMber OF lIstinGs and thE MaRKEt-cApItAliZaTIoN of caNnaBis stocKs continueS to GrOw so dramaticALlY, so too have The Number of eligIblE issueRs To bE IncluDed In HMMj. This iS Why the eTF has addEd 10 NEw nameS To its poRTFoLio, bRinging the total nuMBeR Of investee compAnies iN HmmJ TO 59."

anoTheR key develoPmEnt in THe MarijUAnA EQUitY Sector is that U.s.-domiciled cOMpaNies thAt ProDUce non-tHC acTiVE heMp and CBD are Now eLigible foR incluSIon in HMmj's portfOlio. ThIs cOmeS aftER cHaNgeS tO A U.S. FEdEraL Law At the end Of 2018, LeGalizIng tHE CULtivAtiOn anD distRibution of non-tHC Hemp-BAseD prodUcts.

TEtraHyDrocaNnabinOl (THC) AnD cannabidiol (CBD) Are tHe two primAry CaNnaBiNoids THat occUr nAtuRally in The cannABis PlANT. unLike THC, CBD is non-psyChOACtIve.

One of The majOR aDdITions to HmMj's pOrtfOLIo on tHis rEBaLance is CHarlotTE's weB HoldinGs, inc., a leAdIng ProDucer OF legAl CBD pRoducts iN the UNIted States, whicH Is listed on the cAnADIaN secuRitIes Exchange ("cWEB:csE"). CaNopy gRoWth cOrporAtion ("cGc:tMx"), Is an example of a major caNadian MarijUana producer tHat is activELY EstablisHing A PrESence in the now-lEgal U.s. hemp markeT.

"accordinG to a sTudy by thE BrightfiELD Group, thE U.S. LegAl CbD iNDUsTry alone could BE WortH UsD $22 billiOn wIthin thE neXt tWo yEarS, wHich puts tHat singlE mArKeT bY itSelf aT Roughly tHe SamE tArgEt marKEt size Of the EntiRe caNAdiAn MarijUAnA INdusTrY," sAid MR. HaWkIns. "ThIs is ANotHer exciTing growtH maRKet tHrOuGh which hMMJ can providE eXposure, givEn The RegulaTORy changeS in the United States."

RebalANcing of The north amerIcan MarijUanA Index, And COnsequEntly HmMJ, ocCuRs eACH caleNDAr QuaRtEr. At that poINT, alL stocKs EligIble for Inclusion are generaLLy rE-weighted by thEir RespECTiVe mARkET caPiTAliZATion. The holdings Of HMMJ and iTs CUrRent portfoLIo wEiGhts are RegularLy updATed and aVailable aT www.HorizOnSETFS.COm/HmMJ.

PerformAnce*



1 MontH 3 Months 6 MoNThs YTd 1 yeAr AnnUalIzed

SiNcE
TF in Canada, with a year- to-date re turnof58. 95 %*,as a t last Friday' s  clo se," said Steve Hawkin s, Pr es i dent an d CEO  of Hor i zo n s  ET Fs ."As  t h enumbe r o f listi ngs and th e m ar ket-capitali z at ion of can nab is stocks co nti nues t ogro w  so d ram atica lly, s o  too h ave the n um b er ofe ligible i ss uers  to be included i n  H M MJ. This is wh y theET F  h a s  ad ded  10 new na me s toi ts port f ol i o ,  br i nging the tot al number o f  in vestee  c omp a nies i n HMM Jt o 5 9."

Anothe r ke y develop ment i n  the Ma r ijuanaequity  se cto r is th at  U. S. - dom i ci led com panies t ha tprodu ce n o n - T HC a cti ve h emp a nd CBD are no w e ligi b lefor i nclus ionin  HMMJ 's por tfoli o.  This comes aft er c hanges to  aU. S.fe deral law at  th e e nd of 2 018, le g ali zi n g th e cultivation anddi s t ri bution o f non- T HC  h e mp-based  p rod ucts . 
Tetr ahyd r oc annabino l (THC )  a nd  cannab id iol (C BD ) a rethe t w o pr imarycannabin oidst hat occur natu r ally in the c a nn a b is plan t.Unlike THC,  CBD is n on-p s yc hoa c tive. 

One  o f  t h e major additions t oHMMJ's  port folio on this  rebalance i s  Charlot te's We b  Holdings, Inc ., aleading pr o ducer of  lega l CBD pr oducts in t he Unite d S tat es,  wh i c his listed ont h e Ca na dian Se cur ities E xch ang e ( "CW EB :CSE"). C anopy Gr ow th  C or por ation ("CGC:TM X" ),is  an  exam p le ofa maj or C an ad i anmarijua n ap r oduc er  t hatisac tivel y es t abl ishinga presenc e i n  the  n ow -legalU.S. hemp mar ke t.

"Accor di ngto a s t u dy by th e Brightfield Group, th e  U.S. l ega l CBD  ind ustry alo necouldbew orth U SD $22  bill io n w i t hin t h e  n ext  t wo years,w h ich  puts  t hatsinglemarket by itself a t  ro ughly the sam e t arge t ma rke t  s i zeof the e ntire CanadianMarijuanain d us try," said Mr.  H awkins.  "Thisis an o ther ex citing gr owth mark et  thr o u ghwhich HMMJ  can pro vide expo s ure,g iv en th e r egulat or y c hange s in t h e U nited  State s. "

Reb alanc in g of the  North American Marijua na Ind ex, a ndconsequen tly HMM J, occurs  eac h calendar  qu art er. A t t h at po int, al l s t ockselig i ble for i n cl usi o n  a re generall y r e-w eight edb y thei r re spective market c a pitalization.Theh o ldi ngs of H MM J and its curr ent  p o r tfolio w ei ghts are re gularlyup d atedand av ailabl e at ww w . Ho r izonsE TFs. com /HMMJ.

P erf or m ance*

1M onth 3  Mon th s 6 Mo nths Y T D 1Y e ar Annualized

S ince
TF in_Canada, with_a year-to-date return of_58.95%*, as_at_last Friday's_close,"_said Steve Hawkins,_President and CEO_of Horizons ETFs. "As_the number of_listings_and the market-capitalization of cannabis stocks continues to grow so dramatically, so too have_the_number of_eligible_issuers_to be included in HMMJ._This is why the ETF_has added_10 new names to its portfolio, bringing the_total_number of investee_companies in HMMJ to 59."

Another key development in the_Marijuana equity sector is that U.S.-domiciled_companies that produce_non-THC_active_hemp and CBD are_now eligible for inclusion in HMMJ's_portfolio. This comes after changes to_a U.S. federal law at the end_of 2018, legalizing the cultivation and_distribution of non-THC hemp-based products.

Tetrahydrocannabinol_(THC) and_cannabidiol (CBD) are the two_primary cannabinoids that_occur naturally_in the cannabis_plant. Unlike THC, CBD is non-psychoactive.

One_of the major_additions to HMMJ's portfolio on this_rebalance_is Charlotte's Web_Holdings,_Inc.,_a leading_producer of legal_CBD_products in_the_United States, which is listed on_the_Canadian Securities Exchange ("CWEB:CSE"). Canopy Growth Corporation_("CGC:TMX"), is an example_of_a major Canadian marijuana_producer that is actively establishing_a presence in the now-legal U.S._hemp market.

"According_to a_study by the Brightfield Group, the U.S. legal CBD industry alone_could be worth USD $22 billion_within the next two_years, which_puts_that single market_by_itself at_roughly the same target market size of_the entire_Canadian Marijuana industry," said Mr. Hawkins._"This is another exciting_growth_market through which HMMJ can provide_exposure, given the regulatory changes in_the United States."

Rebalancing of the_North_American_Marijuana Index, and consequently HMMJ,_occurs each calendar quarter. At that_point, all stocks_eligible for inclusion are generally re-weighted by_their_respective market capitalization. The holdings of_HMMJ_and its current portfolio weights are_regularly_updated_and available at www.HorizonsETFs.com/HMMJ.

Performance*



1 Month_3 Months 6 Months YTD 1_Year Annualized

Since