Carlsbad, CA / ACCESSWIRE / Aug 21, 2014 / MJX is pleased to announce that http://www.marijuanaindex.org/ (MJX Marijuana Index) has been acquired by MJX Ventures, Inc.http://www.mjxfund.com/. Through a new partnership with Interactive Data, a global leader in asset valuations, data, and index management, the 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.
3) MJX Ventures, Inc. is presently conducting a private offering of common stock of the Index’s parent company. MJX Ventures, Inc. is a broad-based investment company focused on online and compliance solutions for the legal cannabis industry; MJX intends to conduct weekly investment presentations online and all accredited investors are invited to attend. To receive updates and official event invitations, we encourage all investors to sign-up for our complimentary MJX Marijuana Index newsletter, simply by vising our web site.
4) Many investors have requested an ability to invest and trade directly in the Index itself and MJX is in the process of creating a fund intended to accomplish this objective; we anticipate filing with the Securities Exchange Commission in October of 2014 and expect trading to commence during the first half of 2015. The specific investment objectives and structure of the fund will be subject to disclosures in accordance with securities laws. More funds could be launched on the MJX platform due to our expansive capabilities.
5) MJX intends to increase the frequency of its newsletters and you can expect at least monthly newsletters updating you on developments in the industry and within the Index. Thank you again for your interest in the Index and please feel free to contact us with any questions.
General Inquiries or Questions
Readers are urged to visit http://www.marijuanaindex.org// for up-to-date information and to sign up for updates. Follow The Marijuana Index on Twitter @MarijuanaIndex.
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DISCLAIMER
The Marijuana Index (MJX Marijuana Index, the "index") is a data aggregation service and does not provide promotional efforts, other than text sponsorship or visual advertisements, unless otherwise noted. The Marijuana Index does not offer investment advice. Nothing listed on MarijuanaIndex.org or within this release is an offer to buy or sell securities. Readers are cautioned against using information obtained from The Marijuana Index as a basis for any investment decision. The Marijuana Index makes no warranties or representations as to the accuracy of posted or streamed information on MarijuanaIndex.org or from companies on the site or within the index news feeds. The Marijuana Index reserves the right to buy or sell shares in listed or mentioned companies without notice. The Marijuana Index has been registered with leading financial content provider Quotemedia with the ticker ^MMJ since Q1 2013 (the word "registered" is not meant to imply registration with the SEC). The Marijuana Index makes no expressed or implied warranties or representations regarding changes to the index weighting or inclusion / removal of constituents, tier system, current and future features of the website, or any company or sponsor (either product, public issuer, or newsletter) listed or shown on MarijuanaIndex.org or their respective performance.
For more information on the index disclaimer, visit http://www.marijuanaindex.org/ and click on "About" and "Disclaimer."
INCLUSION IN THE MARIJUANA INDEX OR PAID SITE SPONSORSHIP BY ISSUERS / THIRD-PARTIES DOES NOT IMPLY THAT DUE DILIGENCE OR EVALUATION ON ANY LEVEL HAS BEEN CONDUCTED ON LISTED OR SPONSOR COMPANIES.
Source: MJX Marijuana Index