Kelowna, B.C.-based StoneCastle Investment Management Inc. has launched a cannabis-focused mutual fund. StoneCastle Cannabis Growth Fund is an actively managed fund focused on North American publicly listed companies that operate in or derive a meaningful portion of their revenue or earnings from the cannabis industry or related industries. The fund was launched in partnership with Toronto-based Spartan Fund Management Inc., which is the fund’s portfolio manager. StoneCastle is listed as the fund’s subadvisor. Advisor commissions are 0%-5% for front-end sales. Trailing commissions are 1% for front-end sales. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.

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