HMMJ.TO - Horizons Marijuana Life Sciences Index ETF

Toronto - Toronto Delayed Price. Currency in CAD
17.88
+0.85 (+4.99%)
At close: 3:59PM EDT
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Previous Close17.03
Open17.03
Bid17.88 x 0
Ask17.89 x 0
Day's Range17.03 - 17.88
52 Week Range8.21 - 25.56
Volume291,714
Avg. Volume424,909
Net Assets677.65M
NAV16.99
PE Ratio (TTM)N/A
YieldN/A
YTD Return-8.51%
Beta (3y)N/A
Expense Ratio (net)0.94%
Inception Date2017-04-04
  • Analysts Are More Bearish about Cronos Group in May
    Market Realist4 days ago

    Analysts Are More Bearish about Cronos Group in May

    Cronos Group (CRON) reported its first-quarter earnings on May 15 with sales growth of almost 4.8x. Following the earnings release, the stock fell 5% on May 15 and fell another 3.4% on May 16 to 7.7 Canadian dollars. The company cut its recommendation to “sell” from “hold” but raised the price target to 6.5 Canadian dollars from 6 Canadian dollars.

  • Why Analysts Are Loving Cannabis Stocks in May
    Market Realist4 days ago

    Why Analysts Are Loving Cannabis Stocks in May

    With the anticipation of huge demand for cannabis, which translates into potential earnings growth, analysts are quite bullish on cannabis stocks in May. Most companies have seen increased bullishness over the last month, as we’ll discuss in this series. On May 15, Canopy Growth (WEED) stock was in the news again for its latest agreement to acquire Canopy Health Innovation and its subsidiary, Canopy Animal Health.

  • Cronos Group Stock Falls ~5% after Q1 Earnings Release
    Market Realist5 days ago

    Cronos Group Stock Falls ~5% after Q1 Earnings Release

    Cronos Group (CRON) reported its first-quarter earnings on May 15. The company’s sales rose almost 4.8 times year-over-year to 2.9 million Canadian dollars from 0.5 million Canadian dollars in the first quarter of 2017. Sequentially, sales grew 83% from 1.3 million Canadian dollars.

  • MedReleaf Stock Rises on Aurora Cannabis Acquisition
    Market Realist7 days ago

    MedReleaf Stock Rises on Aurora Cannabis Acquisition

    Today, Aurora Cannabis (ACB)(ACBFF) announced that it agreed to acquire all of MedReleaf’s (MEDFF) outstanding common shares for about 3.2 billion Canadian dollars. On the other hand, Aurora Cannabis stock fell almost 2.5% to 7.9 Canadian dollars. According to Aurora Cannabis’s press release, the acquisition price of 29.4 Canadian dollars implies a premium of 34% over both companies’ 20-day VWAP (volume-weighted average price) common shares as of May 11.

  • Comparing Cannabis Stocks’ EV-to-EBITDA Multiples
    Market Realist7 days ago

    Comparing Cannabis Stocks’ EV-to-EBITDA Multiples

    In the previous part of this series, we discussed how Canadian cannabis stocks’ (HMMJ) forward EV-to-EBITDA (enterprise value-to-earnings before interest, tax, depreciation, and amortization) multiple moved last week. In this part, we’ll compare how these producers’ multiples compare with each other.

  • How Cannabis Stocks Performed Last Week
    Market Realist7 days ago

    How Cannabis Stocks Performed Last Week

    Strong sentiment in the cannabis sector pushed ETFs and stocks into positive territory last week. The Horizons Marijuana Life Sciences ETF (HMMJ) closed 4.4% higher, while its US-listed counterpart, the Horizons Marijuana Life Sciences Index ETF (HMLSF), rose 4.8%. Similarly, the Emerging Marijuana Growers Index ETF (HMJR) rose 4.3%, and the Evolve Marijuana ETD (SEED) rose 2.5% between its close on May 4 and its close on May 11.

  • Moody’s Expects Marijuana to See Limited Revenue
    Market Realist11 days ago

    Moody’s Expects Marijuana to See Limited Revenue

    On May 8, Moody’s provided insights into the potential of the US and Canadian marijuana industries, discussing the potential impact of regulated medical and recreational marijuana on companies and governments. Here’s what Moody’s had to say. Moody’s vice president and senior analyst Grayson Nichols stated that tax revenue from the marijuana industry for state and local governments was only “marginally credit positive,” adding that for states such as Colorado and California, their share of annual fund revenue would remain small.

  • Cannabis Sector Update for the Week Ended May 4
    Market Realist14 days ago

    Cannabis Sector Update for the Week Ended May 4

    Last week was broadly positive for the cannabis sector. The ETF Horizons Marijuana Life Sciences (HMMJ) rose 2.4%, while the ETFMG Alternative Harvest ETF (MJ) rose 3.1% last week. On the other hand, the Horizons Emerging Marijuana Growers Index ETF (HMJR) fell 1.3%, while Evolve Marijuana ETF (SEED) fell by 79 basis points last week.

  • Aurora Cannabis and MedReleaf Rumored to Be in Merger Talks
    Market Realist17 days ago

    Aurora Cannabis and MedReleaf Rumored to Be in Merger Talks

    Is cannabis industry consolidating? On May 3, Aurora Cannabis (ACB) (ACBFF) and MedReleaf (MEDFF) were halted by the IIROC (Investment Industry Regulatory Organization of Canada) due to unusual trading levels on speculation of merger talks. Aurora Cannabis ended higher by 88 basis points at 8.02 Canadian dollars on May 3, while MedReleaf climbed as much as 2.2% to close at 22.25 Canadian dollars on the same day.

  • Scotts Miracle-Gro’s 2Q18 Earnings: What You Need to Know
    Market Realist20 days ago

    Scotts Miracle-Gro’s 2Q18 Earnings: What You Need to Know

    The Scotts Miracle-Gro Company (SMG) reported its 2Q18 earnings before the market opened today. It posted adjusted EPS (earnings per share) of $2.88, which missed analysts’ mean estimate of $3.31. The company’s core segment, U.S. Consumer, experienced a 6% year-over-year sales decline.

  • How Last Week Was for the Cannabis Sector
    Market Realist20 days ago

    How Last Week Was for the Cannabis Sector

    Last week (ended April 27), cannabis-sector ETFs ended in negative territory. The Horizons Marijuana Life Sciences ETF (HMMJ) fell ~4.1%, the Horizons Emerging Marijuana Growers Index ETF (HMJR) fell ~3.8%, and the ETFMG Alternative Harvest ETF (MJ) fell ~4.4%.

  • Canopy Growth Rose 10% Yesterday: Why?
    Market Realist20 days ago

    Canopy Growth Rose 10% Yesterday: Why?

    Yesterday, April 30, Canopy Growth (WEED) rose 10% and closed the day at $30.10 Canadian. The broader cannabis market was also higher with the Horizons Marijuana Life Science ETF (HMMJ) ending the day 3% higher and Aurora Cannabis (ACB), MedReleaf (MEDFF), and Hydropothecary (HYYDF) each gaining 6%. What moved cannabis stocks?

  • Comparing Cannabis Producers’ Valuation Multiples
    Market Realist21 days ago

    Comparing Cannabis Producers’ Valuation Multiples

    In the previous part of this series, we compared the forward EV-to-sales multiples of individual cannabis licensed producers (HMMJ) with the peers’ median on April 26. We’ll do a similar comparison for the EV-to-EBITDA1 multiple as well.

  • Scotts Miracle-Gro to Release Fiscal 2Q18 Results Tomorrow
    Market Realist21 days ago

    Scotts Miracle-Gro to Release Fiscal 2Q18 Results Tomorrow

    Scotts Miracle-Gro (SMG) will announce its fiscal 2Q18 earnings before markets open on May 1. The mean EPS (earnings per share) estimate is $3.38, which is a 21% increase compared to EPS of $2.8 in 2Q17. Investors will pay close attention to Scotts Miracle-Gro Company’s progress in its indoor gardening segment, Hawthorne. The Hawthorne segment is primarily focused on the emerging cannabis sector (HMMJ), which has given SMG stock a boost in the last two years.

  • Is the US Warming Up to Cannabis Legalization?
    Market Realist28 days ago

    Is the US Warming Up to Cannabis Legalization?

    On April 20, the cannabis sector saw more positive news came from the US, as Senator Chuck Schumer discussed intentions to introduce legislation decriminalizing cannabis, which currently is a Schedule 1 drug in the US.

  • Cannabis Sector Closes Positively in the Week Ended April 13
    Market Realistlast month

    Cannabis Sector Closes Positively in the Week Ended April 13

    Last week (ended April 13), overall market sentiment was positive, with the S&P 500 rising 2% and the TSX 30 gaining 44 basis points. The cannabis sector ended the week positively, breaking its losing streak. 

  • MarketWatchlast month

    John Boehner is joining a marijuana company

    The legalized-marijuana movement will likely welcome the news Wednesday that two prominent former politicians are joining a cannabis company.

  • Why Hydropothecary Stock Rose 13% Yesterday
    Market Realistlast month

    Why Hydropothecary Stock Rose 13% Yesterday

    On April 11, Hydropothecary (HYYDF) stock surged 13.2% after it became the SAQ’s (Société des alcools du Québec) preferred non-medical cannabis supplier once non-medical cannabis becomes legal in Canada. The company’s press release stated that the agreement term extends to the first five years following legalization and has an option to extend for another year.

  • CNW Grouplast month

    Horizons ETFs Wins Three Gramercy Awards for Marketing Excellence

    Horizons ETFs Wins Three Gramercy Awards for Marketing Excellence

  • CNW Grouplast month

    Horizons Marijuana Life Sciences Index ETF Celebrates Its One-Year Anniversary with the Best 12-Month ETF Performance in Canada

    Horizons Marijuana Life Sciences Index ETF Celebrates Its One-Year Anniversary with the Best 12-Month ETF Performance in Canada

  • Cannabis Sector Roundup for the Week Ended April 6
    Market Realistlast month

    Cannabis Sector Roundup for the Week Ended April 6

    Last week, the S&P 500 Index (SPY) ended up with a fall of 1.4%, and the TSX 300 Composite Index ended the week with a fall of nearly 1%.

  • Cannabis Stocks Continue Their Free Fall
    Market Realist2 months ago

    Cannabis Stocks Continue Their Free Fall

    As of April 4, markets continued to weigh down on the cannabis sector for the third straight day in a row. The Horizons Marijuana Life Science ETF (HMMJ) ended almost 80 basis points lower than its previous day’s close. This ETF is down almost 27%, indicating weakness in the cannabis sector YTD (year-to-date).

  • What Happened in the Cannabis Sector Last Week?
    Market Realist2 months ago

    What Happened in the Cannabis Sector Last Week?

    What Happened in the Cannabis Sector Last Week?Cannabis sector

  • Hydropothecary’s Operating Expense Swells in Fiscal 2Q18
    Market Realist2 months ago

    Hydropothecary’s Operating Expense Swells in Fiscal 2Q18

    Hydropothecary (HYYDF) reported a fall during fiscal 2Q18 due to a big increase in its operating expense YoY (year-over-year). The company’s operating expense rose from 1.7 million Canadian dollars in fiscal 2Q17 to 5.5 million Canadian dollars in fiscal 2Q18. Standardizing this as a percentage of its sales, Hydropothecary’s operating expenses rose from 1.9x its sales in fiscal 2Q17 to 4.6x its sales in fiscal 2Q18.

  • Key Takeaways from Hydropothecary’s Fiscal 2Q18 Earnings
    Market Realist2 months ago

    Key Takeaways from Hydropothecary’s Fiscal 2Q18 Earnings

    Key Takeaways from Hydropothecary's Fiscal 2Q18 EarningsFiscal 2Q18 earnings