Access the Smaller-Cap Marijuana Sector The Horizons Emerging Marijuana Growers Index ETF (“HMJR”) seeks to replicate, to the extent possible, the performance of the Emerging Marijuana Growers Index (the “Index”), net of expenses. The Index is designed to provide exposure to the performance of a basket of primarily North American publicly-listed small-capitalization companies primarily involved in the cultivation, production and/or distribution of marijuana.

Increased Demand on the HorizonCannabis companies are raising significant capital to increase capacity in anticipation of higher demand once recreational cannabis is legalized in Canada. This, in turn, has resulted in significant investor interest in the cannabis sector. According to Statistics Canada, in 2017 Canadians spent approximately $6 billion on marijuana2. After legalization, demand is expected to be higher, and so too may the potential value of the Canadian cannabis market.

Key Features of HMJR:• Strong Growth Potential: Gain exposure to the rapidly growing marijuana

industry. The entire legal marijuana market is expected to reach USD $24.5 billion in sales by 20213

• Small-Cap Focus: Emphasis is on early stage, small-cap companies with significant upside growth potential

• International Exposure: HMJR will have exposure to internationally listed stocks• Rebalanced Quarterly: HMJR rebalances quarterly to reflect the changing

leadership and drivers of growth within the industry

Emerging Marijuana Growers Index• Securities in the Index will be listed on stock exchanges primarily in North

America, and will be equity securities of small-capitalization life sciences companies and other companies with significant business activities in the marijuana industry

• Issuers will generally have an initial market capitalization of at least CAD $50 million and less than CAD $500 million, at the time of rebalancing, and up to a maximum market capitalization of CAD $750 million

• Non-North American issuers may represent up to 20% of the Index components• No issuer will represent more than 8% of the Index on each rebalance• Composition by country: Canada 79%, Australia 21% (as at January 29, 2018)

2Source: CBC News, January 25, 2018. 3Source: ArcView Market Research, a leading publisher of cannabis market research, December 2017.

Horizons Emerging Marijuana Growers Index ETF (HMJR)

ETF Snapshot Name: Horizons Emerging Marijuana Growers Index ETF

Launch Date: February 14, 2018

Ticker: HMJR

Management Fee:1

0.85%

Stock Exchange:Aequitas NEO Exchange

Investment Manager:Horizons ETFs Management (Canada) Inc.

Underlying Index:Emerging Marijuana Growers Index

Bloomberg Index Ticker: EMMAR

Distribution Frequency:Quarterly

Currency Hedging: No

Eligibility:All registered and non-registered investment accounts

http://www.HorizonsETFs.com

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1Plus applicable sales taxes.

Index Holdings1

Company Name WeightCann Group Ltd. 7.24%Auscann Group Holdings Ltd. 7.18%Mpx Bioceutical Corp. 6.80%Terrascend Corp. 6.76%Maricann Group Inc. 6.65%Weedmd Inc. 5.81%Abcann Global Corp. 5.57%Hydropothecary Corp. 5.42%Doja Canabis Co Ltd. 5.12%Benchmark Botanics Inc. 4.51%Emblem Corp. 3.79%Valens Groworks Corp. 3.75%Nutritional High Internation 3.32%Puf Ventures Inc. 3.04%Harvest One Cannabis Inc. 2.85%Beleave Inc. 2.46%ICC Labs Inc. 2.38%Delta 9 Cannabis Inc. 2.32%Creso Pharma Ltd. 2.28%Mgc Pharmaceuticals Ltd. 2.25%Hydroponics Co Ltd. 1.99%Marapharm Ventures Inc. 1.90%Canada House Wellness Group Inc. 1.82%Hempco Food & Fiber Inc. 1.74%Liberty Leaf Holdings Ltd. 1.74%Indiva Ltd. 1.31%

1January 29, 2018.

Horizons ETFs is a member of Mirae Asset Global Investments. Commissions, management fees and expenses all may be associated with an investment in Horizons Emerging Marijuana Growers Index ETF managed by Horizons ETFs Management (Canada) Inc. (the “ETF”). The ETF is not guaranteed, its values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the ETF. Please read the prospectus before investing.The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade name or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade name for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

To learn more, please visit www.HorizonsETFs.com/HMJR

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Horizons Emerging Marijuana Growers Index ETF (HMJR)