HempFusion Announces Inclusion in Leading Cannabis ETFs

Rhea-AI Summary

HempFusion Wellness Inc. (TSX:CBD.U) has been included in the AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) and AdvisorShares Pure Cannabis ETF (NYSE:YOLO). Together, these ETFs manage over US$880 million in assets. CEO Jason Mitchell expressed that this inclusion enhances exposure to potential investors and adds value for current shareholders. HempFusion, which distributes its products through approximately 4,000 retail locations, has a strong focus on research and development, with an extensive product portfolio including 46 SKUs and 30 products in development.

Positive

• Inclusion in two major cannabis-focused ETFs enhances market visibility.
• Combined AUM of the ETFs exceeds US$880 million, potentially attracting more investors.
• HempFusion operates in approximately 4,000 retail locations, providing strong distribution.
• The company has 30 products under development, indicating growth potential.

Negative

• None.

HempFusion Wellness Inc. (TSX:CBD.U) (FWB:8OO) (“HempFusion” or the “Company”) is pleased to announce that it has been included in two leading cannabis & hemp-derived CBD focused exchange-traded funds (“ETFs”), AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) and AdvisorShares Pure Cannabis ETF (NYSE:YOLO).

AdvisorShares is a leading sponsor of actively managed ETFs. Pure US Cannabis ETF (MSOS) is the only US-listed ETF dedicated solely to US cannabis exposure, with over US$616,000,000 in assets under management (“AUM”). Pure Cannabis ETF (YOLO) was the first US-based actively managed ETF focused on the global cannabis industry. YOLO and MSOS endeavor to achieve long-term capital growth by investing in some of the largest foreign and domestic cannabis and hemp-derived CBD companies. The two AdvisorShares ETFs have a combined AUM of over US$880,000,000 as of January 22, 2021.

“We are pleased the AdvisorShares ETFs have initiated positions in our Company. This represents a strong milestone for the Company and provides us added exposure to the investment community,” commented Jason Mitchell, N.D., HempFusion’s co-founder and CEO. “Inclusion in these ETFs brings additional exposure to potential new investors as well as generates value for existing shareholders. With our listing on the TSX, current market capitalization, and liquidity, we believe we now meet many cannabis-related ETFs’ inclusion requirements, and we look forward to other potential ETFs’ initiating positions.”

ABOUT HEMPFUSION

HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retail locations across all 50 states of the United States and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 46 SKUs including tinctures, proprietary FDA Drug Listed Over-The-Counter (OTC) Topicals, Doctor/Practitioner Lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the US Hemp Roundtable, and HempFusion’s wholly-owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex™ and are available in-store or by visiting HempFusion online at www.hempfusion.com or www.probulin.com.

Follow HempFusion on Twitter, Facebook and Instagram and Probulin on Twitter, Facebook and Instagram.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements“) that relate to HempFusion’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements relating to meeting the inclusion requirements of or inclusion in other cannabis-related ETFs and the Company’s other plans, focus and objectives.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond HempFusion’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors set forth under “Forward-Looking Statements” and “Risk Factors” in the final long form prospectus of the Company dated December 17, 2020 and available under the Company’s profile on SEDAR at www.sedar.com. HempFusion undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for HempFusion to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005426/en/

FAQ

What ETFs has HempFusion Wellness Inc. been included in?

HempFusion has been included in AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) and AdvisorShares Pure Cannabis ETF (NYSE:YOLO).

What is the asset under management of the AdvisorShares ETFs?

The combined asset under management (AUM) of the AdvisorShares ETFs is over US$880 million.

How many retail locations distribute HempFusion's products?

HempFusion distributes its products through approximately 4,000 retail locations.

What is the current focus of HempFusion in terms of product development?

HempFusion has a strong focus on research and development, with an additional 30 products under development.

What does HempFusion's inclusion in ETFs mean for investors?

Inclusion in these ETFs increases exposure to potential new investors and adds value for existing shareholders.