July 1, 2017 - Palette Investment Management Inc. is pleased to announce the launch of the Cannabis Strategies Fund, Canada’s first mutual fund that is 100% focused on the Cannabis industry. The fund’s strategy is centered on an actively managed portfolio of primarily Canadian-listed publicly traded companies that are ACMPR-licensed producers and peripheral businesses.

 

Andrew Cook, the CEO of Palette Investment Management and the Cannabis Strategies Fund’s accredited portfolio manager says, “Our team has great depth within the cannabis industry, and we are routinely invited into the earliest rounds of most newly organized companies, giving us the opportunity to capture superior returns through early participation and domain expertise.”

 

The fund may allocate up to 20 percent of its capital in private companies that it deems to exhibit characteristics that will improve their likelihood of success. The majority of the fund will target liquid issuers and utilize a focused, active portfolio management strategy to capture value in the volatility inherent in an emerging industry like Cannabis.

 

“We believe this is a once-in-a-lifetime opportunity to create generational wealth. Our choice of today as the date to announce the fund’s launch reflects our conviction that interest will build in the sector and in the fund among investors who lack the access to the industry and its operators and financial partners, and yet who want exposure to such a potentially extraordinary opportunity,” Cook said.

 

The Cannabis Strategies Fund will be available in all jurisdictions on FundServ.

 

For more information:

Andrew Cook, CPA, CA, CFA

President, Portfolio Manager

Palette Investment Management Inc.

cannabisfund@paletteinvestments.com

1 416-500-7200