Poseidon, Leading Cannabis Investment Firm, Launches Poseidon Dynamic Cannabis Exchange Traded Fund
The Dank Investor Posted On November 18, 2021 
Poseidon Investment Management, a leading investor in the legal cannabis and hemp industries, announced the launch of the AdvisorShares Poseidon Dynamic Cannabis Exchange Traded Fund (Ticker: PSDN), which offers a series of actively managed ETFs that works to provide concentrated equity exposure to lasting and innovative investment ideas.
About Poseidon
Poseidon is a leading investor in the legal cannabis and hemp industries and has been investing in cannabis since 2014. The firm has assets worth $196 million under its management as of August 2021.
The Poseidon team has collectively raised seven cannabis-specific funds and put its funds into nearly 200 businesses globally, across different stages and verticals. Poseidon is among the first few to invest in cannabis and so is trusted well by those who are lead participants in the cannabis industry.
About AdvisorShares
AdvisorShares is an investment management firm offering actively-managed exchange-traded funds. The firm offers innovative themes that can drive market trends. With varying investment approaches, styles, and capitalizations, the firm’s ETFs can be used as core equity positions or for complementing the core equity positions through alpha-seeking strategies.
About the Cannabis ETF
The firm will start trading on Wednesday, November 17, 2021, under the ticker symbol PSDN. It is sponsored by AdvisorShares and will be sub-advised and managed by the Poseidon team, including co-founders and Managing Directors Emily Paxhia and Morgan Paxhia and Managing Director Tyler Greif.
The cannabis fund will try to single out companies that are likely to benefit from the cannabis industry and its related infrastructure in the U.S. as well as in the emerging global cannabis markets.
PSDN’s range of investments covers many subsectors of the cannabis industry and is dynamically managed to give more consideration or less consideration to different countries, subsectors, or individual companies, as are strategically necessary.
PSDN will try its best to capitalize and benefit from the different market opportunities by leveraging the situation to maximize profits.
Emily Paxhia, co-founder and Managing Director of Poseidon, and Portfolio Manager of PSDN said that Poseidon was one of the first investment firms dedicated to cannabis investments, steering the complex and evolving cannabis industry with expertise, to help companies grow and thrive from startups to eventually become public companies.
Also Read: Sundial Growers’ Board of Directors Approves Share Repurchase Program Up To C$100 Million
According to her, the firm’s track record points to its in-depth knowledge in the field and its commitment to understanding the needs of the companies in which it invests.
Noah Hamman, chief executive officer of AdvisorShares, was equally enthusiastic about the new venture. He said that his firm was excited to partner with an established and experienced team like Poseidon to bring their institutional portfolio management approach into the mainstream investment infrastructure.
He added that active ETFs in the field of cannabis continued to become successful with investors who were trying to find managers with a proven track record in the fast-growing and dynamic cannabis industry.
