E Cannabis Central: New Ancillary Cannabis Index Launched Last Week

green cannabis leaves and black glass drops bottle

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NewCannabisVentures.com launched an Ancillary Cannabis Index at the end of March that tracks the performance of 14 companies that provide goods and services to cannabis operators. It will serve as an ideal complement to munKNEE.com's Pure-Play Pot Stock Index. The constituents are as follows:

  1. AFC Gamma Inc. (AFCG)
    • AFC Gamma is a real estate finance company that executed an IPO on March 19, 2021, which raised $119M and began trading on the Nasdaq. The company intends to set itself up as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators.
    • AFC has a market capitalization of $282M and last traded at $21.13/share 
  2. Agrify Corporation (AGFY)
    • Agrify, a developer of highly advanced and proprietary precision hardware and software grow solutions for the indoor agriculture marketplace, executed an IPO on January 28th, which raised $54M and became listed on the Nasdaq the day after.
    • Agrify has a market capitalization of $253M and last traded at $12.62/share
  3. Forian Inc. (FORA)
    • Forian Inc provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance for customers within the traditional and emerging life sciences, healthcare payer and provider segments, as well as cannabis dispensaries, manufacturers, cultivators, and regulators.
    • Florian has a market capitalization of $306M and last traded at $9.75/share 
  4. Greenlane Holdings Inc. (GNLN)
    • Greenlane, a cannabis accessories e-commerce company, has announced a merger with the cannabis packaging company, KushCo., which is expected to generate approximately $15M- $20M of annual run-rate cost synergies within 24 months from the closing.
    • Greenlane has a market capitalization of $261M and last traded at $6.20/share
  5. GrowGeneration Corp. (GRWG)
    • GrowGeneration carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state-of-the-art hydroponic equipment to be used indoors and outdoors by commercial and home growers in 53 retail stores in the United States.
    • GrowGeneration has a market capitalization of $2.9B and last traded at $50.55/share 
  6. Hydrofarm Holdings Group Inc. (HYFM)
    • Hydrofarm is a leading wholesaler and manufacturer of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories.
    • Hydrofarm has a market capitalization of $1.9B and last traded at $57.49/share
  7. Innovative Industrial Properties Inc. (IIPR)
    • IIPR is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities.
    • IIPR has a market capitalization of $4.5B and last traded at $186.55/share
  8. Akerna Corp. (KERN)
    • Akerna is a technology company that offers MJ Platform, an enterprise resource planning system to the cannabis industry, and Leaf Data Systems, a tracking system designed for government agencies, to provide clients and government entities with a central data management system for tracking regulated cannabis products from seed-to-product-to-shelf-to-customer through the supply chain.
    • Akerna has a market capitalization of $71.8M and last traded at $5.11/share
  9. KushCo Holdings Inc. (KSHB)
    • KushCo is merging with Greenlane in a 49.9/50.1 all-stock deal pursuant to which KushCo will become a wholly-owned subsidiary of Greenlane.
    • KushCo has a market capitalization of $177M and last traded at $1.34/share
  10. Power REIT MD (PW)
    • Power REIT is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets and is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture for the cultivation of food and cannabis. 
    • Power has a market capitalization of $153M and last traded at $46.26/share
  11. Scotts Miracle-Gro Company (SMG)
    • SMG is a leading marketer of branded consumer lawn and gardening products in the world and, through its subsidiary Hawthorne Gardening, is a leader in hydroponic and indoor growing products for the cannabis industry.
    • SMG has a market capitalization of $13.9B and last traded at $250.00/share
  12. TILT Holdings Inc. (TLLTF)
    • TILT services brands and cannabis retailers across 35 American states, as well as Canada, Israel, Mexico, South America, and the European Union, through a portfolio of companies providing technology, hardware, cultivation, and production.
    • TILT has a market capitalization of $178M and last traded at $0.55/share  
  13. Turning Point Brands Inc. (TPB)
    • TPB is a manufacturer, marketer, and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America.
    • TPB has a market capitalization of $999M and last traded at $52.38/share  
  14. urban-gro Inc. (UGRO)
    • UGRO is a leading global horticulture company that engineers and designs commercial Controlled Environment Agriculture facilities and integrates complex environmental equipment systems.
    • UGRO has a market capitalization of $92M and last traded at $8.50/share 
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