AdvisorShares Poseidon Dynamic Cannabis ETF
PSDN
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Nov 16, 2021
- CIK
- 0001408970
- Similar Companies
- Business
- AdvisorShares Poseidon Dynamic Cannabis ETF (PSDN) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in U.S. and foreign companies directly or indirectly involved in the marijuana and hemp industry. The fund offers exposure to a diversified portfolio across cannabis subsectors, including multi-state operators, biotech stocks, REITs, health care, cannabidiol (CBD), pharmaceuticals, and hydroponics; it employs leverage up to 1.5 times through swaps to capitalize on market opportunities and tactically overweights or underweights specific countries, subsectors, or individual companies based on fundamental metrics and proprietary ratings. PSDN targets growth and value stocks of mid- and small-cap companies registered with the DEA for lawful cannabis research and development, with global equity operations spanning North America and international markets. Launched in November 2021 through a strategic partnership between AdvisorShares Investments, LLC and sub-advisor Poseidon Investment Management—a firm co-founded by Emily Paxhia and Morgan Paxhia—PSDN complemented AdvisorShares' existing cannabis lineup, including the Pure US Cannabis ETF (MSOS) and Pure Cannabis ETF (YOLO). In August 2023, the fund announced its closure due to waning investor interest amid industry headwinds like falling wholesale prices and slow federal reform, with the final trading day on August 25, 2023, followed by asset liquidation and shareholder distributions on September 1, 2023. No relaunch or reactivation has occurred as of December 2025, reflecting ongoing challenges in the cannabis sector. AdvisorShares Trust, the issuer, was established in 2006 and is headquartered in Bethesda, Maryland, where it serves as a platform for actively managed ETFs across specialized sectors.