© 2018 CANADIAN CANNABIS  COMPOSITE INDEX

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“3CI” Explained

The Canadian Cannabis Composite Index (CCCI) is an industry benchmark for Canada’s most well-capitalized, top-flight cannabis stocks. They are all companies that are primarily engaged in the cultivation of cannabis and cannabis-based products. None of them are reliant on scientific innovation as core revenue sources.

 

The initial inclusion threshold for each constituent company is a CDN $100 million market capitalization and a share price in excess of CDN $1.00. Each constituent must also demonstrate a healthy balance sheet.

Use 3CI for Actionable Trading Insights

  • Leverage our continuous flow of dynamic “real time” market data to identify macro and micro trends  

  • Use our integrated company news and media feeds to add context to each company’s trading dynamics

  • Be well-informed about the buying and selling activities of company insiders 

 

3CI Index Methodology

Additions and Deletions: Additions and deletions may only occur at each re-balancing, which will occur are at the committee’s discretion -- based on a proprietary process.
 

Buffer Rule: In order to reduce turnover, an existing constituent’s minimum market capitalization requirement to remain in the index is CDN $100 million at each re-balancing. Its share price must also remain at or above CDN $1.00. The price that is used to calculate the threshold is the volume weighted average price over the 30 trading days ending on the last trading day of the month preceding the inclusion date.
 

Certain other performance metrics must also be met by each index constituent, which the committee evaluates on a case by case basis.

 

Other Considerations: Each constituent company must demonstrate that it adheres by high ethical business standards and does not engage in hyperbolic promotional activities to mislead investors.


Index Governance: The index policies and procedures are maintained by the index committee. This committee shall be comprised of a minimum of three members, of which the majority shall not be directors of M. Davis & Associates Capital Inc., the legal entity which owns and operates the Canadian Cannabis Composite Index. 

 

Disclaimer: Redistribution or reproduction (whether in physical or electronic format) in whole or in part are prohibited without written permission. All information provided is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance of an index is not a guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by the Canadian Cannabis Composite Index is currently not available through investable instruments based on that index.

M. Davis & Associates Capital Inc. does not warrant, guarantee or make any representations regarding the quality, accuracy, adequacy, timeliness, completeness or fitness for a particular purpose of any content in these materials, and as such assumes no liability for any loss resulting from its use. These materials should not be regarded or relied upon as the provision of financial, legal, tax, investment or other advice for the constituent securities of the Canadian Cannabis Composite Index. Users should apply or seek professional judgment in making use of these materials, including without limitation, the use, timeliness or accuracy of any information as the basis for any conclusions. Inclusion of a security within an index is not a recommendation by M. Davis & Associates Capital Inc. or by the index’s sponsors to buy, sell, or hold such security, nor is it considered to be investment advice.

In no event shall M. Davis & Associates Capital Inc. be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information even if advised of the possibility of such damages.

These materials are provided for informational and educational purposes only and are based upon information generally available to the public and from sources believed to be reliable. No information found in these materials (including index data, ratings, weightings, exchange rates, capping factors, and other calculation parameters) or any part thereof (“Information”) may be modified, reverse-engineered, reproduced, transmitted, repackaged, republished or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of M. Davis & Associates Capital Inc. The information may not be used for any unlawful or unauthorized purposes. M. Davis & Associates Capital Inc. is not responsible for any errors or omissions, regardless of the cause, for the results obtained from the use of the Information.

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