BETHESDA, Md., May 16, 2019 /PRNewswire/ -- AdvisorShares, a
leading sponsor of actively managed exchange-traded funds (ETFs),
announced today that the AdvisorShares Pure Cannabis ETF
(Ticker: YOLO) options are now listed for trading on the NYSE
Arca Options and NYSE American Options markets. This release
corrects a prior release on May 13,
2019 which incorrectly stated that the YOLO options were
listed on the Chicago Board
Options Exchange ® (CBOE®).
YOLO is the first US-listed actively managed ETF to deliver
dedicated, fully-invested cannabis exposure. YOLO seeks long-term
capital appreciation by investing in both domestic and foreign
cannabis equity securities. This active ETF allocates across a
universe of primarily US and Canadian cannabis companies engaging
in legal businesses that span different industries, including those
specializing in consumer products.
For more information on the AdvisorShares Pure Cannabis ETF,
please visit www.advisorshares.com or call an AdvisorShares
Investment Consultant at 1-877-THE-ETF1 (1-877-843-3831).
About AdvisorShares
AdvisorShares is a leading provider of actively managed ETFs.
For financial professionals and investors requesting more
information, call 1-877-843-3831 or visit www.advisorshares.com.
Follow @AdvisorShares on Twitter and Facebook for more
insights.
Before investing you should carefully consider the Fund's
investment objectives, risks, charges and expenses. This and other
information are in the prospectus, a copy of which may be obtained
by visiting the Fund's website at www.advisorshares.com.
Please read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
The Fund is subject to a number of risks that may affect the
value of its shares. This section provides additional information
about the Fund's principal risks. The degree to which a risk
applies to the Fund varies according to its investment allocation.
Each investor should review the complete description of the
principal risks before investing in the Fund. As with investing in
other securities whose prices increase and decrease in market
value, you may lose money by investing in the Fund.
Cannabis-Related Company Risk. Cannabis-related companies
are subject to various laws and regulations that may differ at the
state/local and federal level. These laws and regulations may (i)
significantly affect a cannabis-related company's ability to secure
financing, (ii) impact the market for marijuana industry sales and
services, and (iii) set limitations on marijuana use, production,
transportation, and storage. Cannabis-related companies may also be
required to secure permits and authorizations from government
agencies to cultivate or research marijuana. In addition,
cannabis-related companies are subject to the risks associated with
the greater agricultural industry, including changes to or trends
that affect commodity prices, labor costs, weather conditions, and
laws and regulations related to environmental protection, health
and safety. Cannabis-related companies may also be subject to risks
associated with the biotechnology and pharmaceutical industries.
These risks include increased government regulation, the use and
enforcement of intellectual property rights and patents,
technological change and obsolescence, product liability lawsuits,
and the risk that research and development may not necessarily lead
to commercially successful products.
Shares are bought and sold at market price (closing price) NAV
and are not individually redeemed from the Fund. Market price
returns are based on the midpoint of the bid/ask spread at
4:00 pm Eastern Time (when NAV is
normally determined) and do not represent the return you would
receive if you traded at other times.
An Option is a privilege, sold by one party to another that
gives the buyer the right, but not the obligation, to buy (call) or
sell (put) a stock at an agreed-upon price within a certain period
or on a specific date.
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SOURCE AdvisorShares