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MicroSectors launches first leveraged cannabis-linked exchange traded product in U.S.
Other - DECEMBER 11, 2019

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MicroSectors launches first leveraged cannabis-linked exchange traded product in U.S.

by Released

REX Shares has added to its MicroSectors™ lineup with the launch of MJO, the first leveraged exchange-traded product in the United States linked to the cannabis industry. MJO, an exchange-traded note (ETN), is linked to MSMJ, the Indxx MicroSectors™ North American Cannabis Index, and will seek to provide 2x leveraged exposure to the Index.

In addition, REX announced the launch of MJJ, a 1x version of the exchange traded notes linked to the Index. The MicroSectors Cannabis 2x Leveraged ETN (symbol: MJO) and MicroSectors Cannabis Index ETN (symbol: MJJ) started trading today on NYSE Arca. The ETNs are senior, unsecured obligations issued by the Bank of Montreal.

The Index provides a quarterly IPO review for new issuances and a quarterly review for stocks facing potential regulatory bars to engaging in the cannabis industry. The Index selects U.S. and Canad

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