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740 River Road
Suite 208
Fair Haven, NJ 07704

740 River Road Suite 208, Fair Haven, NJ 07704 | 888.885.0588

Before investing you should carefully consider the ETF’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from 888.885.0588. Please read the prospectus carefully before you invest.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns. NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.

Important Information

Investing involves risk, including possible loss of principal. The cannabis industry is subject to rapidly evolving laws, rules and regulations, and increasing competition which may cause such companies to change business model, shrink or suddenly close. These may limit access to banks, and create significant burdens on company resources due to litigation, enforcement actions, receipt of necessary permits and authorizations to engage in medical cannabis research or to otherwise cultivate, possess or distribute cannabis. Possession and use of cannabis is illegal under federal and certain states’ laws, which may negatively impact the value of ETF investments. Where legalized by states, cannabis possession and use remains a violation of federal law. The companies in which the ETF invests are subject to various laws and regulations relating to the manufacture, management, transportation, storage and disposal of cannabis, including health and safety, conduct of operations, and environmental protection. Even if a company’s operations are permitted under current law, they may not be permitted in the future, and a company may not be able to continue operations in its current location. Controlled substance legislation differs significantly between countries and may limit a company’s ability to sell products.

Foreign investing involves social and political instability, market illiquidity, exchange-rate fluctuation, high volatility and limited regulation risks. Emerging markets involve different and greater risks, as they are smaller, less liquid and more volatile than more developed countries. Investments made in small, mid-capitalization and micro-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors. ETF investments will be concentrated in an industry or group of industries, and the value of ETF shares may rise and fall more than more diversified funds. Purchasing and writing put and call options entails greater than ordinary investment risks. Options ownership involves the payment of premiums, which may negatively impact ETF performance. Please see the prospectus for details of these and other risks. Distributed by IMST Distributors, LLC.

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On September 27, 2021, Cannabis Growth Fund converted to an Exchange Traded Fund (ETF) under the name Cannabis Growth ETF. Cannabis Growth ETF is trading on the NYSE-Arca exchange under the ticker symbol “BUDX.” You will need to hire a qualifying broker to open a brokerage account that can hold ETF shares and move your Cannabis Growth ETF shares into the account. You may reach an AST representative by dialing Cannabis Growth ETF’s toll-free number at (800) 884-5882. You can also e-mail AST at help@astfinancial.com. Customer service representatives are available 8 a.m. to 8 p.m. Eastern Time, Monday through Friday