HANetf has removed a company from The Medical Cannabis and Wellness UCITS ETF, which Purpose Investments launched through its white-label platform less than a month ago.
Namaste Technologies, the company that has been removed with immediate effect, holds a 49% equity position in Choklat, which has received a processing license from Health Canada to produce cannabis-infused chocolate, drinks and sugar. This would enable Choklat, and therefore Namaste, to generate revenue from the adult-use cannabis market, which is actively excluded by the index for reasons of legality. HANetf and Purpose Investments partner for first European cannabis ETF Nawan Butt, portfolio manager at Purpose Investments, said: "Namaste's entry into the crowded recreational mark...
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