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.

In Summary

I am not aware of any commentators who analyze the different marijuana sector categories and compare their respective performances with each other to provide insight into the true health of the sector so I have pulled it all together below to give you just that in descending order of performance for the week and links to recent articles which provide the details by constituent.

The 42 constituents in the 5 munKNEE marijuana related indices represent 19% of the total universe of 217 such stocks trading on the various Canadian and American stock exchanges and their performances are presented below in descending order, as follows:

1. The Conservative Pot Stocks Index was DOWN -1.1% last week (see latest article here).
2. The Ancillary Pot Stock Index was DOWN -9.4%.
3. The Pure-Play Marijuana Drug Stocks Index was DOWN -10.3% (see details here).
4. The Pure-Play American MSO Pot Stock Index (see details here) was DOWN -10.4% and
5. The Pure-Play Canadian LP Pot Stock Index (see details here) was DOWN -11.8%.

The average performance of the 42 constituents tracked, on an equally weighted basis, was DOWN -6.5% last week.

You are encouraged to click on the hyperlinks to become even more fully informed.