The Ancillary Pot Stocks Index Continued To Decline In September

The Ancillary Pot Stocks Index consists of 7 major companies that provide goods and/or services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs) and they have declined monthly since the beginning of 2022 (DOWN 67.0% YTD). Their performances are presented below for the month of September, in descending order:

Innovative Industrial Properties (IIPR): DOWN 1.9% in September
- A real estate investment trust (REIT) engaged in the acquisition and management of industrial properties leased to MSOs.
AFC Gamma (AFCG): DOWN 8.1% in September
- A real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators
Turning Point Brands Inc. (TPB): DOWN 8.6% in September
- A manufacturer, marketer, and distributor of alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America.
Forian (FORA): DOWN 11.6% in September
- Provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance.
GrowGeneration Corp. (GRWG): DOWN 20.3% in September
- A retailer of organic nutrients and soils, advanced lighting technology, and state-of-the-art hydroponic equipment to commercial and home growers in 53 retail stores in the U.S.
Scotts Miracle-Gro Company (SMG): DOWN 30.1% in September
- A marketer of consumer lawn and gardening products and, through its subsidiary Hawthorne Gardening, in hydroponic and indoor growing products for the cannabis industry..
Hydrofarm Holdings Group (HYFM): DOWN 35.3% in September
- A manufacturer and wholesaler of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories.