Amplify ETFs Makes Key Announcement on Unofficial Marijuana Holiday April 20, 2021
On what has become a historic day for marijuana smokers, April 20, or 4/20, a leading ETF company is making a major announcement.
Amplify Seymour Cannabis ETF (NYSE: CNBS) now has the ability to access Multi-State Operators (MSOs) via swaps. The ETF recently finished the necessary legal and operational work required to add portfolio exposure to this group of companies.
Swaps are a type of derivative contract where where two parties exchange the cash flows or liabilities from two disparate financial instruments. Swaps can occur in a variety of forms and typically principal does not transfer between the parties.