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MMA + MJ etf

N.J.-based marijuana ETF finds unusual spokesman in MMA heavyweight

By Tom Bergeron

Apr 4, 2019

 

At first glance, a mixed martial arts star promoting an exchange-traded fund for cannabis may not seem like the most logical fit.

Especially one based in New Jersey, where proponents of legalizing recreational use of marijuana suffered another setback last week.

Sam Masucci doesn’t see it that way.

Masucci is the CEO of the Summit-based ETF Managers Group, which created MJ, the country’s first ETF dedicated to stocks in cannabis-related companies, in December 2017. He said the hiring last week of MMA heavyweight Alexey Oleynik to promote it is a perfect fit, for a number of reasons.

Starting with the fact that Masucci, a former Penn State wrestler who competed scholastically at the now-closed Bayley Ellard High School in Madison, loves the sport.

“I have been a big MMA fan for 20 years,” he said. “I’ve actually been a martial artist for 20 years. I like to watch these fighters really show the value of mixed martial arts — meaning it’s everything from punching and kicking and submissions.

“I love it, and I always hoped that there’d be an opportunity for me to somehow be involved. This is a great way to do it.”

Read the rest here: http://www.roi-nj.com/2019/04/04/finance/mma-mj-n-j-based-marijuana-etf-finds-unusual-spokesman-in-mma-heavyweight/

ETFMG teams up with UFC heavyweight

ETFMG teams up with UFC heavyweight

Summit-based ETFMG Alternative Harvest ETF MJ – issued by ETF Managers Group, a group family of exchange traded funds – announced it will sponsor Ultimate Fighting Championship heavyweight Alexey Oleynik.

“The Boa Constrictor” Oleynik is one of the top heavyweights in the world and is a career mixed martial artist. He takes on Walt Harris in UFC Fight Night 150 on May 4, in Ottawa, Canada.

MJ is the largest cannabis exchange-traded fund in the world and the first and only U.S. listed ETF to target the global cannabis industry directly. MJ joined the “billion-dollar club” on Feb. 4, surpassing $1 billion in assets under management.

“MJ is a heavyweight in the ETF industry,” said Oleynik. “It has had a great deal of success and I look forward to watching it continue to knock out its competition. My wife and I are excited to be able to represent a world-class financial group like ETFMG and a product like MJ.”