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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Purpose Investments Opens NEO

February 26, 2019
Purpose Investments, including Chief Investment Officer and Portfolio Manager Greg Taylor, joined Erik Sloane, Head of Funds and Trading at NEO to open the market to celebrate the recent one-year anniversary of the launch of Canada's first actively managed cannabis ETF, the Purpose Marijuana Opportunities Fund (NEO:MJJ).(Photo: Business Wire)

TORONTO--(BUSINESS WIRE)--Feb 26, 2019--Purpose Investments, including Chief Investment Officer and Portfolio Manager Greg Taylor, joined Erik Sloane, Head of Funds and Trading at NEO to open the market to celebrate the recent one-year anniversary of the launch of Canada’s first actively managed cannabis ETF, the Purpose Marijuana Opportunities Fund (NEO:MJJ).

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Purpose Investments, including Chief Investment Officer and Portfolio Manager Greg Taylor, joined Erik Sloane, Head of Funds and Trading at NEO to open the market to celebrate the recent one-year anniversary of the launch of Canada’s first actively managed cannabis ETF, the Purpose Marijuana Opportunities Fund (NEO:MJJ).(Photo: Business Wire)

“Achieving a return of 53.34% in our first year not only established MJJ as the top performing Cannabis ETF launched in 2018, but also affirms our belief that active management is the most optimized way to invest in the cannabis sector,” said Greg Taylor, Chief Investment Officer and Portfolio Manager of the Fund at Purpose Investments. “NEO provided the necessary clarity for us to capitalize on the rapid production innovation happening in the US market, which represents a significant opportunity for this sector and contributed to our performance.”

Purpose Investments first joined the NEO family in March 2017, and has eight ETFs and four CEFs listed on NEO.

“We are proud to congratulate Purpose on this incredible milestone and commend them for bringing new solutions to Canadian capital markets,” said Erik Sloane, Head of Funds and Trading at NEO. “ Like Purpose, NEO embraces an unrelenting focused on customer-centric innovation, and we look forward to continuing to grow our partnership in the months and years ahead.”

About NEO Exchange

NEO Exchange Inc. is the operator of Canada’s next generation stock exchange, putting the needs of investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue for all listed Canadian securities and a value added listings process for capital raising companies and investment products, focused on liquidity, transparency and efficiency. For more information, please visit:  NEOstockexchange.com

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190226005816/en/

CONTACT: Media Contact:

Adam Bornstein

E:adam@NEOstockexchange.com

P: 905.505.2540

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: NEO Exchange Inc.

Copyright Business Wire 2019.

PUB: 02/26/2019 10:20 AM/DISC: 02/26/2019 10:20 AM

http://www.businesswire.com/news/home/20190226005816/en