AdvisorShares Pure Cannabis ETF
YOLO
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4800 Montgomery Lane, Suite 150 Bethesda MD United States of America 20814
- IPO Date
- Apr 18, 2019
- CIK
- 0001408970
- Website
- advisorshares.com
- Similar Companies
- Business
- AdvisorShares Pure Cannabis ETF (YOLO) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in domestic and foreign cannabis-related equity securities, as well as total return swaps on similar securities; its portfolio includes significant holdings in the AdvisorShares Pure US Cannabis ETF (MSOS) at approximately 50.48% allocation, Village Farms International, High Tide Inc., SNDL Inc., Organigram Holdings Inc., Cronos Group Inc., Aurora Cannabis Inc., Tilray Brands Inc., and various other cannabis cultivators, retailers, biotech firms, and real estate investment trusts spanning agriculture, pharmaceuticals, consumer products, and related sectors. The fund targets companies engaged in legal cannabis business activities across multiple industries, including multi-state operators, cannabidiol (CBD) producers, hydroponics providers, and those involved in research, production, distribution, and retail of cannabis products. YOLO trades on the NYSE Arca exchange with options available, a net expense ratio of 0.51% after waivers (capped at 0.74%), and is managed by a team led by Dan Ahrens, who brings extensive experience in regulated equity markets including cannabis. Launched on April 17, 2019, YOLO is issued and managed by AdvisorShares, headquartered in Bethesda, Maryland, with primary operations focused on the U.S. market but providing global cannabis exposure through investments in North American and international securities. The fund operates without a fixed geographic restriction beyond investable cannabis equities, emphasizing active stock selection to navigate regulatory and market fluctuations in the emerging cannabis industry. In a key strategic shift, YOLO recently incorporated a major position in MSOS to enhance exposure to U.S. multi-state operators, improving operational efficiency, cost structure, and tax effectiveness while waiving management fees on the embedded MSOS holdings; this change allows indirect access to MSOS's U.S.-focused portfolio without requiring separate ownership. No major acquisitions, funding rounds, or new product launches specific to YOLO have been announced in the last 1-2 years, though AdvisorShares as a whole launched the HVAC and Industrials ETF in February 2025 and continues quarterly distributions. The fund remains positioned for potential merger and acquisition activity and growth in the maturing cannabis sector amid ongoing U.S. regulatory developments.