Akerna Announces Addition to World’s Largest Marijuana Exchange Traded Fund
October 02 2019 - 8:30AM
Akerna Corp. (Nasdaq: KERN), a leading cannabis compliance
technology provider and developer of the cannabis industry’s first
seed-to-sale enterprise resource planning (ERP) software technology
(MJ Platform®), today announced its addition to the holdings of the
world’s largest suite of cannabis exchange traded funds, including
the Horizons Marijuana Life Sciences Index ETF ("HMMJ":TSX), and
the Horizons US Marijuana Index ETF ("HMUS":NEO). Combined, the two
report net assets of more than $630 million.
Jason Assad, Akerna’s newly named Director of Investor Relations
stated, “We are pleased to have been added to the world’s largest
marijuana ETF, in the company of other fellow leaders and
innovators in the cannabis industry. Inclusion introduces Akerna to
a broader set of investors as we seek to further the development of
the world’s most transparent and accountable supply chain company,
building atop recent growth.”
The Horizons Marijuana Life Sciences Index ETF provides exposure
to North American, publicly listed cannabis companies with connects
to life sciences, while the US Marijuana Index ETF focuses solely
on companies with significant business activity in the U.S.
cannabis or hemp market. The Horizons Marijuana Life Sciences
Index’s top five positions include Canopy Growth Corp., Aurora
Cannabis Inc., Cronos Group Inc., Tilray Inc. and GW
Pharmaceuticals PLC. The Horizons US Marijuana Index ETF’s top five
positions are Harvest Health & Rec Inc. Subordinate Vtg, Cresco
Labs Inc. Sub Vtg, Charlottes Web Holdings Inc., Curaleaf Holdings
Inc. Subordinate Vtg, and Green Thumb Industries Inc. Sub Vtg.
The Horizons Marijuana Life Sciences Index ETF is an index (or
passively managed) ETF, which is designed to provide exposure to
the performance of a basket of North American publicly listed life
sciences companies with significant business activities in the
marijuana industry. The North American Marijuana Index selects from
a current universe of companies that have operations that may
include one or more of biopharmaceuticals, medical manufacturing,
distribution, bioproducts and other ancillary businesses related to
the marijuana industry. For more information:
https://www.horizonsetfs.com/etf/HMMJ
Horizons US Marijuana Index ETF is designed to provide exposure
to the performance of a basket of publicly listed companies having
significant business activities in, or significant exposure to, the
marijuana or hemp industries in the United States. Constituents of
this index are selected from Canadian and U.S. exchanges. For more
information: https://www.horizonsetfs.com/etf/HMUS
About Akerna Corp.
Akerna (Nasdaq: KERN) is a regulatory compliance technology
company in the cannabis space. The cornerstones of Akerna’s service
offerings are MJ Platform® and Leaf Data Systems®, which are
highly-versatile platforms that provide clients and government
entities with a central data management system for tracking
regulated cannabis products—from seed to product to shelf to
customer—through the complete supply chain. Since establishment in
2010, the company has tracked approximately $16 billion in cannabis
sales across 14 countries and has served clients in 29 states
across the U.S. As part of its business strategy, Akerna intends to
grow through targeted, strategic acquisitions that are
complementary to its current business and organically by
accelerating its product development efforts. Akerna is based in
Denver. More information is available online at www.akerna.com.
About Horizons ETFs Management (Canada)
Inc.
Horizons ETFs Management (Canada) Inc. is an innovative
financial services company and offers one of the largest suites of
exchange traded funds in Canada. The Horizons ETFs product family
includes a broadly diversified range of solutions for investors of
all experience levels to meet their investment objectives in a
variety of market conditions. Horizons ETFs has more than $10
billion of assets under management and 90 ETFs listed on major
Canadian stock exchanges. For more information:
https://www.horizonsetfs.com/home
Forward-Looking Statements
Certain statements made in this release and in any accompanying
statements by management are “forward looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words “estimates,” “projected,” “expects,”
“anticipates,” “forecasts,” “plans,” “intends,” “believes,”
“seeks,” “may,” “will,” “should,” “future,” “propose” and
variations of these words or similar expressions (or the negative
versions of such words or expressions) are intended to identify
forward-looking statements. These forward-looking statements are
not guarantees of future performance, conditions or results, and
involve a number of significant known and unknown risks,
uncertainties, assumptions and other important factors, many of
which are outside Akerna’s control, that could cause actual results
or outcomes (including, without limitation, the results of Akerna’s
contracts, strategic initiatives and business plans as described
herein) to differ materially from those discussed in the
forward-looking statements. Important factors, among others, that
may affect actual results or outcomes include (i) Akerna’s ability
to recognize the anticipated benefits of being a public company,
(ii) competition, (iii) Akerna’s ability to grow and manage growth
profitably, (iv) Akerna’s ability to maintain relationships with
customers and suppliers and retain its management and key
employees, (v) costs related to being a public company, (vi)
changes in applicable laws or regulations, (vii) Akerna’s ability
to identify and integrate acquisitions and achieve expected
synergies and operating efficiencies in connection with acquired
businesses, (viii) and other risks and uncertainties disclosed from
time to time in Akerna’s filings with the U.S. Securities and
Exchange Commission, including those under “Risk Factors”
therein. Actual results, performance or achievements may
differ materially, and potentially adversely, from any projections
and forward-looking statements and the assumptions on which those
vary from forward-looking statements are based. There can be no
assurance that the data contained herein is reflective of future
performance to any degree. You are cautioned not to place undue
reliance on forward-looking statements as a predictor of future
performance as projected financial and other information, are based
on estimates and assumptions that are inherently subject to various
significant risks, uncertainties and other factors, many of which
are beyond Akerna’s control. All information herein speaks only as
of the date hereof, in the case of information about Akerna, or the
date of such information, in the case of information from persons
other than Akerna. Akerna undertakes no duty to update or revise
the information contained herein. Forecasts and estimates regarding
Akerna’s industry and end markets are based on sources believed to
be reliable, however there can be no assurance these forecasts and
estimates will prove accurate in whole or in part.
Akerna Media ContactJeannette Horton / Kimberly
Brockpress@akerna.com
Investor Contact Jason Assad Akerna Investor
Relations IR@akerna.com (678) 570-6791
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