Disappointing to see Cowen stopping coverage of MSOs. In a lonely landscape, more coverage is better. We’re reaching out to these operators to see if we can help with our services at @WTR_Research. 1/3 
Most #cannabis #ETFs use Cowen as at least one of their counterparties and sounds like they will be transitioning to new relationships. I’ll let them share their plans, but interruptions are not expected. $MSOS $PSDN $MJUS $WEED 2/3
My understanding is that $MSOS already has a backup with Nomura and may add another counterparty. Interestingly, $MSOX can stay with Cowen as it is a swap providing exposure to $MSOS, which is on the NYSE. As always, please correct me if any of my early reads are inaccurate. 3/3
Update: @roundhill does not use Cowen for $WEED, they use Nomura.
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