U.S. senate making strides towards federal legalization.

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On July 21, 2021, the Board of Trustees of the Trust approved a one-for-three reverse share split for shares of the Cannabis Growth Fund, effective after the close of business on August 5, 2021.

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Based on the recommendation of the Fund’s advisor, the Board of Trustees of the Trust has approved the reorganization of the Cannabis Growth Fund into an exchange-traded fund (ETF). Each shareholder of the Fund will receive shares of the ETF equal to the value of the shares of the Fund owned by the shareholder. There will be no change in the Fund’s investment objective, principal investment strategies or portfolio management in connection with the reorganization, and the Advisor will continue to serve as the investment advisor of the ETF after the Reorganization.

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Daily Prices as of 9/24/2021

Class I
CANIX NAV: $18.61 | Change: $-0.44

An Attractive Way To Capitalize In the Growing Cannabis Industry

  • We believe active management is critical in emerging sectors with high volatility and a rapidly evolving backdrop.
  • Active management, in our opinion, can help the investor take advantage of high-quality cannabis related opportunities as they unfold.
  • We can attempt to enhance returns and reduce volatility over time by constructing a diversified, well-researched portfolio.

Industries Expected To Be Disrupted By The Growing Cannabis Industry


Pronouncements from the current Administration suggest the Department of Justice may take action against states to prevent them from implementing laws that authorize medical marijuana use, possession, distribution, and cultivation. This action may have a material effect on investment in companies involved in the cannabis industry.