E Ancillary Pot Stock Index Declined -9.4% Last Week

This article is an update of a December 2nd article on the performance last week of 7 companies, with market capitalizations of at least US$300M, that provide ancillary goods and services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs) and compares its performance with those of 4 other cannabis stock categories.

 

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6 of the 7 companies that make up the constituents of the non-tradable munKNEE Ancillary Pot Stock Index declined last week with the Index going DOWN -9.4%, on average, last week after having declined -5.1% in the month of November. The performance of the 7 constituents last week are presented below in descending order:

  1. Turning Point Brands Inc. (TPB): UP +1.1% last week
    • a manufacturer, marketer, and distributor of alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America.
  2. AFC Gamma (AFCG): DOWN -3.7%
    • a real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators.
  3. Forian (FORA): DOWN -4.6%
    • provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance.
  4. Innovative Industrial Properties Inc. (IIPR): DOWN -5.2%
    1. 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.
  5. GrowGeneration Corp. (GRWG): DOWN -15.7%
    • 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..
  6. Hydrofarm Holdings Group Inc. (HYFM): DOWN -19.0%
    • a manufacturer and wholesaler of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories.
  7. Scotts Miracle-Gro Company (SMG): DOWN -16.4%
    • 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.
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