June Update: Ancillary Pot Stocks Index Fell 17%; Now Down 55% YTD

Herb, Hemp, Plant, Cab, Cannabinoid

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The Ancillary Pot Stocks Index consists of 7 companies that provide goods and/or services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs) whose stocks trade for at least US$3/share, have a market cap of at least US$100M, and trade on one or more of the Canadian and/or American stock exchanges.

The munKNEE Ancillary Pot Stocks Index

The performances of the constituents of the non-tradable Index are presented below for June, in descending order, and YTD:

  1. Forian (FORA): UP 30.7% in JuneDOWN 51.3% YTD
    • Provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance.
    • Chance of Financial Distress in the next 2 years: 54%
    • Analyst Consensus: 7 stock analysts currently rate FORA as a BUY
  2. Turning Point Brands Inc. (TPB): DOWN 6.3% in JuneDOWN 28.2% 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.
    • Chance of Financial Distress in the next 2 years: 38%
    • Analyst Consensus: 8 stock analysts currently rate TPB as a BUY
  3. AFC Gamma (AFCG): DOWN 12.7% in JuneDOWN 32.6% YTD
    • A real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators.
    • Chance of Financial Distress in the next 2 years: +55%
    • Analyst Consensus: 13 stock analysts currently rate AFCG as a BUY
  4. Innovative Industrial Properties Inc. (IIPR): DOWN 17.4% in June; DOWN 58.2% YTD
    • A real estate investment trust (REIT) engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities.
    • Chance of Financial Distress in the next 2 years: less than 1%
    • Analyst Consensus: 14 stock analysts currently rate IIPR as a BUY
  5. Scotts Miracle-Gro Company (SMG): DOWN 18.1% in JuneDOWN 50.9% 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.
    • Chance of Financial Distress in the next 2 years: 38%
    • Analyst Consensus: 16 stock analysts currently rate SMG as a BUY
  6. GrowGeneration Corp. (GRWG): DOWN 34.0% in JuneDOWN 72.5% 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.
    • Chance of Financial Distress in the next 2 years: 4%
    • Analyst Consensus: 15 stock analysts currently rate GRWG as a BUY
  7. Hydrofarm Holdings Group Inc. (HYFM): DOWN 51.5% in JuneDOWN 87.7% YTD
    • A manufacturer and wholesaler of hydroponics equipment and commercial horticultural products in the lighting, climate control, nutrients, and growing media categories.
    • Chance of Financial Distress in the next 2 years: +57%
    • Analyst Consensus: 13 stock analysts currently rate HYFM as a BUY

On average, the munKNEE Ancillary Pot Stock Index was DOWN 16.7% in June and is now DOWN 54.6% YTD.

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