Core Viewpoint - Cambria Investment Management has announced the scheduled liquidation of the Cambria Cannabis ETF (TOKE) as part of a review process to align its product offerings with client needs [1][14]. Group 1: Liquidation Details - The liquidation decision was made by the Board of Trustees on March 24, 2026, based on the advisor's recommendation, and is deemed to be in the best interest of the Fund and its shareholders [1]. - Shareholders can sell their holdings before the close of trading on April 17, 2026, with the Fund expected to cease trading on that date and liquidate around April 24, 2026 [2]. - Individuals holding shares on the liquidation date will receive a cash distribution equal to the net asset value of their shares, with Cambria covering all fees related to the liquidation except for brokerage fees [3]. Group 2: Company Overview - Cambria Investment Management, formed in 2006, is a SEC-registered investment advisor focused on quantitative asset management and alternative investments [4]. - The firm manages 20 different ETFs and had over $4.1 billion in assets under management as of February 28, 2026 [4]. - Cambria's investment strategies include equity-focused strategies, fixed income, global asset allocation, and thematic strategies [4].