Tim Seymour comes on to share his thoughts on CNBS and cannabis trends in the 1st quarter of 2023.
Learn more about the Amplify Seymour Cannabis ETF (Symbol CNBS): https://amplifyetfs.com/cnbs
Carefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in Amplify Funds statutory and summary prospectus, which may be obtained above or by calling 855-267-3837, or by visiting AmplifyETFs.com. Read the prospectuses carefully before investing. Click on the link for the prospectus: https://amplifyetfs.com/wp-content/uploads/files/Amplify_CNBS_Prospectus.pdf
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
• Unless and until an acquisition is completed, a SPAC generally invests its assets in U.S. government securities, money market securities, and cash.
• Because SPACs have no operating history or ongoing business other than seeking acquisitions, the value of the securities is particularly dependent on the ability of the entity’s management to identify and complete a profitable acquisition. There is no guarantee that the SPACs will complete an acquisition or that any acquisitions that are completed will be profitable.
• Public stockholders of SPACs may not be afforded a meaningful opportunity to vote on a proposed initial business combination because certain stockholders, including stockholders affiliated with the management of the SPAC, may have sufficient voting power, and a financial incentive, to approve such a transaction without support from public stockholders. As a result, a SPAC may complete a business combination even though a majority of its public stockholders do not support such a combination.
• Some SPACs may pursue acquisitions only within certain industries or regions, which may increase the volatility of their prices.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
© Amplify ETFs. ALL RIGHTS RESERVED