Ancillary Cannabis Index Up 14.5% YTD

The Ancillary Cannabis Stocks Index consists of 7 companies providing goods and/or services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs). The performances of the Index constituents YTD, in descending order, are as follows:

  1. Scotts Miracle-Gro Company (SMG): UP 76.4% YTD
    • A marketer of consumer lawn and gardening products and, through its subsidiary Hawthorne Gardening, in hydroponic and indoor growing products for the cannabis industry.
  2. Forian (FORA): UP 59.6% YTD 
    • A provider of a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance.
  3. Hydrofarm Holdings Group (HYFM): UP 12.5% YTD
    • A manufacturer and wholesaler of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories.
  4. GrowGeneration Corp. (GRWG): UP 12.4% YTD
    • 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.
  5. Turning Point Brands Inc. (TPB): UP 11.4% YTD
    • A manufacturer, marketer, and distributor of alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America.
  6. AFC Gamma (AFCG): DOWN 1.5% YTD 
    • A real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators.
  7. Innovative Industrial Properties (IIPR): DOWN 13.2% YTD
    • A real estate investment trust (REIT) engaged in the acquisition and management of industrial properties leased to MSOs.

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