marijuana stocks

The First Marijuana Mutual Fund is Cutting Back

Canada’s first cannabis mutual fund is cutting back on pot stocks.

The UIT Alternative Health Fund has pared its holdings in recreational marijuana companies to 33 per cent, from 44 per cent at the end of 2017, while raising cash and shifting to health-care stocks like Jamieson Wellness Inc. and Pinnacle Foods Inc.

The UIT fund, run by Toronto-based Faircourt Asset Management Inc., is cutting its exposure to pot as the sector pares gains following a surge at the end of last year.  Read More…

Replies to this Post

  1. Herman C says:

    This is not a surprise. The fund is maturing and realizing the need to diversify to ensure growth for the long term.

    I talked about this some time back. Their weight distribution was a bit lopsided and i was calling for a drop to 30%. Seems someone was listening.

  2. Lewis Tupper says:

    The US market is increasingly legalizing pot and so having some exposure to it in your holdings is always good. Volatility is still high but as the Americans grow up and finally legalize it, it will be a bargain that you got in now.

  3. Wynter Sale says:

    I'm still not comfortable investing in this because of the instability in the medical marijuana market.

  4. Elisha Steed says:

    It sure is Bob but market makers get nervous and react by selling off on any signs of danger. Me thinks its about the instability of trade due to the U.S.

  5. Bob says:

    Very strange move considering cannabis is a sure thing, especially for us Canadians.

  6. Tyrell F. says:

    So it tumbled 11% in the first 3 days of the week. Great! Now i can buy on the low end. Thanks for the heads up!

  7. Blaise W says:

    And once again the trade war rears its ugly head. 🙁

  8. Titus Underwood says:

    Profit taking 101. Nothing unusual.

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