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This article is an update on the performance MTD and YTD of 7 companies that provide goods and services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs). We call this our Ancillary Pot Stock Index

The 7 constituents below have hyperlinks to 3 areas of additional information which are imperative for any individual considering investing in this sector:

• The company name is hyperlinked to its web site to provide you with a description of the company and an analysis of its stock.
• The trading symbol is hyperlinked to additional financial data and commentary on the company (where available).
• The percentage increase YTD is hyperlinked to a chart of the company's stock performance YTD.

The munKNEE Ancillary Pot Stock Index

The 7 companies that make up the constituents of the non-tradable Index are DOWN -5.3% so far in December, on average, and are now DOWN -14.0%, on average, YTD. Their performances are presented below, in descending order, by month-to-date (MTD) with year-to-date (YTD) in brackets:

1. Forian (FORA): UP +8.6% MTD (DOWN -18.5% YTD)
   • provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance
2. Scotts Miracle-Gro Company (SMG): DOWN -0.2% MTD (DOWN -18.9% YTD)
   • a marketer of consumer lawn and gardening products and, through its subsidiary Hawthorne Gardening, is a leader in hydroponic and indoor growing products for the cannabis industry
3. Turning Point Brands Inc. (TPB): DOWN -2.5% MTD (DOWN -17.7% 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
4. AFC Gamma (AFCG): DOWN -5.4% MTD (DOWN -4.8% YTD)
   • a real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators
5. Innovative Industrial Properties Inc. (IIPR): DOWN -5.8% MTD (UP +37.0% YTD)
   • 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
6. Hydrofarm Holdings Group Inc. (HYFM): DOWN -21.3% MTD (DOWN -46.1% YTD)
   • a manufacturer and wholesaler of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories
7. GrowGeneration Corp. (GRWG): DOWN -24.4% MTD (DOWN -66.2% 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.

In Summary

There are 42 constituents in the 5 munKNEE marijuana-related indices and they represent 19% of the total universe of 217 such stocks trading on the various Canadian and American stock exchanges and their performances are compared below, in descending order, so far in December (i.e. MTD) and YTD to provide insight into the true health of the sector:

1. The Conservative Pot Stocks Index is UP +5.5% MTD and is now UP +5.8% YTD. (see latest article here).
2. The Ancillary Pot Stock Index is DOWN -5.3% MTD and is now DOWN -14.0% YTD.
3. The Pure-Play American MSO Pot Stock Index is DOWN -11.7% MTD and is now DOWN  -28.8% YTD (see details here).
4. The Pure-Play Marijuana Drug Stocks Index is DOWN -16.9% MTD and is now DOWN  -30.6% YTD (see details here)
5. The Pure-Play Canadian LP Pot Stock Index is DOWN -17.3% MTD and is now DOWN  -42.3% YTD (see details here).