CALIFORNIA: MJX Marijuana Index has been acquired by MJX Ventures, through a new partnership with Interactive Data, a global leader in asset valuations, data, and index management. According to press releases, MJX Marijuana Index will now feature three unique NYSE tickers with distribution on NYSE’s index system.
Combined with robust third-party data feeds provided by Interactive Data Corporation (IDC), including monthly adjustments for corporate actions and balancing of constituents, MJX Ventures is pleased to be entrenched as the leader in marijuana equities. NYSE distribution for the three MJX Marijuana Index tiers will provide a global platform as MJX’s “best-in-class” system is enhanced and launched in new global markets.
Significant capital and resources are being invested into the MJX infrastructure in order to build the first bona-fide stock index for the sector and a team of broadly experienced securities professionals are now aligned with the Index. Originally founded in Q1 of 2013, the MJX Marijuana Index was built with the vision to establish various funds and ETFs which would track the emerging industry. The overwhelming interest in the index has caused MJX to seek additional partners and expanded distribution to ultimately deliver the best User Experience and data delivery possible.
MJX is taking the following steps to improve the Index experience:
1) MJX is expanding the site to include three indexes: United States Reporting Companies, Non-United States Companies (solely Canadian issuers at this point) and Non-Reporting (pink sheet) Companies; MJX intends to cover every qualified cannabis stock traded throughout the world on these three platforms. This expansion is expected to be completed by September of 2014.
2) Once this expansion is completed, the United States Reporting Company Index will be quoted on the New York Stock Exchange (see below on trading in the Index). MJX may seek listing on NASDAQ’s system in 2015.