ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Direct Indexing
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Financial Literacy
    • Fixed Income
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Multifactor
    • Night Effect
    • Portfolio Strategies
    • Responsible Investing
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Roundhill Refocuses WEED Exposure
News
Share

Roundhill Refocuses WEED Exposure

James ComtoisOct 12, 2022
2022-10-12

Roundhill Investments, an ETF sponsor focused on innovative thematic funds, has refocused the exposure of its Roundhill Cannabis ETF (WEED ) to exclusively target the largest and most liquid U.S. multistate operators (MSOs). In addition, Roundhill has agreed to lower WEED’s net expense ratio to 0.39% until at least April 30, 2023.

Due to current macroeconomic conditions, including high interest rates and persistent inflation, Roundhill believes that the cannabis companies with the lowest costs of capital and strongest relative balance sheets are best positioned to survive a downturn and increase market share. Tier 1 MSOs, defined as U.S. cannabis companies generating more than $500 million in annual revenues, most closely align with this view.

As of October 11, WEED maintained concentrated economic exposure to six MSOs: Curaleaf Holdings (with a weighting of 34.5%), Green Thumb Industries (20.3%), Trulieve Cannabis (17.2%), Verano Holdings (14.4%), Cresco Labs (8.7%), and Columbia Care (4.2%).

Launched on 4/20 (cute), WEED was designed to provide exposure to the cannabis sector.

“While publicly-listed cannabis companies have recently underperformed, we believe that the cannabis market may be entering an inflection point in terms of both profitability and regulatory momentum,” said Roundhill CEO Will Hershey in a news release announcing the fund’s launch. "We wanted to provide investors with a comprehensive vehicle to invest in the space, and … we believe that WEED has the potential to become the benchmark for the entire sector. WEED allows U.S. retail and institutional investors to gain exposure to U.S. operators, potentially in advance of positive legislation.

For more information, please visit VettaFi.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jun 07

Buy on the Dip Prospects: June 7 Edition

Jun 07

Single-Stock ETF Angle Could Attract Investor Interest

Jun 07

Market Wrap Recap - Investors Were Able to Take a Sigh of Relief

Jun 07

Top 5 ETFs for Investing in Artificial Intelligence

Jun 07

Declining Metal Prices Create Window of Opportunities

Jun 07

Direct Indexing Counters Greenwashing

Jun 07

Cryptocurrencies: Bitcoin Ends May Down 7.0%

Jun 07

VettaFi Viewpoints: Dave Nadig Talks Wellness With Dr. Pearlman

Jun 07

Goldman Sachs' New MarketBeta Total International Equity ETF

Jun 07

Gundlach: Buy Bonds, Not Stocks

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

JEPI

JPMorgan Equity Premium...

IYW

iShares U.S. Technology ETF

XLK

Technology Select Sector SPDR...

VUG

Vanguard Growth ETF

SMH

VanEck Semiconductor ETF

SCHD

Schwab US Dividend Equity ETF...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X