E Cannabis Central: The New Ancillary Pot Stocks Index Out-Performed Other Pot Stock Indices Last Week

Most commentators don't take into account the different marijuana sector categories which conveys a distorted picture of the health of the sector. The launch of the munKNEE Ancillary Pot Stocks Index corrects the situation by tracking the performance of 16 companies that provide goods and services to cannabis operators separately and acting as a complement to its Pure-Play American MSO Pot Stocks Index and Pure-Play Canadian LP Pot Stocks Index. 

 

The Index is divided into the 6 constituents that trade in excess of $40/share (with an average market capitalization of $4B) and the remaining 10 constituents that are currently trading at an average price/share of $6.68 and with an average market capitalization of $189M.  A description of each of the constituents and their stock performances last week are as follows, in ascending order of performance:

Category 1

  1. GrowGeneration Corp. (GRWG): -12.8% to $47.10/share
    • 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..
  2. Power REIT MD (PW): -9.8% to $44.99/share
    • a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets that is expanding its real estate portfolio related to Controlled Environment Agriculture for the cultivation of food and cannabis.
  3. Scotts Miracle-Gro Company (SMG): -4.3% to $238.23/share
    • 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.
  4. Turning Point Brands Inc. (TPB): -3.0% to $49.81/share
    • a manufacturer, marketer, and distributor of alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America.
  5. Innovative Industrial Properties Inc. (IIPR): -2.1% to $184.94/share
    • 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): -1.0% to $60.09/share
    • a manufacturer and wholesaler of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories.
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