Subversive Capital Advisor is set to launch its sixth exchange-traded fund (ETF) named Subversive Cannabis ETF (BATS: LGLZ) on the Cboe BZX Exchange, which is operated by Cboe Global Markets, a key global venue for listing exchange-traded products.

Targeting long-term capital appreciation, the LGLZ Fund will invest a minimum of 80% of its net assets in global cannabis sector securities, with a special emphasis on U.S. operating firms. According to a press release, the management fee for the fund is 0.75%.

Addressing the trajectory of cannabis businesses in the U.S., Christian H. Cooper, who will act as the …

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