MICROSECTORS CANNABIS 2X LEVERAGED ETNS ETF

The investment seeks a two times leveraged participation in the daily performance of the Indxx MicroSectorsTM North American Cannabis Index.The index is designed to track the performance of companies that are publicly traded in the U.S. and/or Canada, and that provide products or services related to the medical or industrial use of cannabis or products derived from cannabis. The notes are unsecured and unsubordinated obligations of Bank of Montreal. Each note will have an initial principal amount of $50. The notes do not bear interest.