The ETF is being launched with the expectation of cannabis rescheduling.
Subversive Capital Advisor is launching its sixth exchange-traded fund (ETF) – Subversive Cannabis ETF (Ticker: LGLZ) on Cboe BZX Exchange. LGLZ will be an actively managed ETF that is expected to begin trading on September 19, 2023. Christian H. Cooper will act as the ETF’s Portfolio Manager.
“We do not believe a Congress this politically divided will meaningfully act on cannabis at the federal level. However, we do believe a regulatory move to a Schedule III status meaningfully changes the trajectory for this business in the United States without Congressional action. We further anticipate the DEA will accept and finalize this recommendation.” said Mr. Cooper. “The LGLZ Fund is concentrated in those names we believe are among the strongest cash flow from operations and could be the first to uplist…
