Nine new cannabis stocks have been added to Canada’s largest marijuana-focused exchange-traded fund, giving investors access to a broader basket of stocks in the fast-growing market.

The ETF adjusts its fund holdings on a quarterly basis, although the weightings of individual stocks can fluctuate more frequently.

Last Friday, Horizons ETFs Management (Canada) Inc. confirmed it had expanded the holdings of Toronto-listed Horizons Marijuana Life Sciences Index ETF (HMMJ) to include Tilray Inc., one of the most volatile marijuana stocks the industry has seen. Tilray holds the largest weighting of the new additions, at 6.6 per cent, as of Sept 24. That’s up from 3.68 per cent on Friday, when the company was first added to the ETF.

With more than $1-billion in assets under management, HMMJ aims to tracks the North American Marijuana Index – which consists of 62 stocks. On Sept. 12, the index provider, Solactive, announced Tilray would be one of several new companies included in the rebalancing of the index on Sept. 21.

In addition to the nine companies added to HMMJ, three names were removed/changed. (Hiku brands Co Ltd. was acquired by Canopy Growth Corp., Medreleaf Corp. was acquired by Aurora Cannabis Inc. and Abcann Global Corp. was renamed Vivo Cannabis Inc.)

FSD Pharma Inc. (CNSX:HUGE) will have a 1.9-per-cent weighting in the ETF, while Namaste Technologies Inc. (CVE:N) will be 1.74 per cent and Vivo Cannabis Inc. (CVE:VIVO) 1.22 per cent.

Aurora Cannabis Inc., Canopy Growth Corp. and Aphria Inc. continue to hold significant weightings with 12.06 per cent, 12.02 per cent and 10.48 per cent, respectively.

The full list of new or renamed holdings and their weightings, as of Sept. 25, include:

• Tilray Inc. – 7.11%
• FSD Pharma Inc. – 1.7%
• Namaste Technologies Inc. – 1.44 %
• Vivo Cannabis Inc. – 1.15%
• Aleafia Health Inc. – 0.86%
• Choom Holdings – 0.44%
• Gtec Holdings Ltd. – 0.21%
• Eve & Co. Inc. – 0.22%
• James E Wagner Cultivation – 0.18%
• Indiva Ltd. – 0.16%