The Ancillary Cannabis Stocks Index Collapsed 64% In 2022

The Ancillary Cannabis Stocks Index consists of 7 companies providing goods and/or services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs). The performances of the Index constituents are presented below for December, in descending order, and over all 12 months of 2022.

  1. Forian (FORA): UP 9.3% in December: DOWN 70.1% in 2022
    • A provider of a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance.
  2. Turning Point Brands Inc. (TPB): DOWN 4.4% in December: DOWN 52.6% in 2022
    • A manufacturer, marketer, and distributor of alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America.
  3. AFC Gamma (AFCG): DOWN 10.1% in December: DOWN 30.9% in 2022
    • A real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators.
  4. Scotts Miracle-Gro Company (SMG): DOWN 13.6% in December: DOWN 70.0% in 2022
    • A marketer of consumer lawn and gardening products and, through its subsidiary Hawthorne Gardening, in hydroponic and indoor growing products for the cannabis industry.
  5. Innovative Industrial Properties (IIPR): DOWN 17.0% in December: DOWN 61.7% in 2022
    • A real estate investment trust (REIT) engaged in the acquisition and management of industrial properties leased to MSOs.
  6. Hydrofarm Holdings Group (HYFM): DOWN 39.4% in December: DOWN 94.6% in 2022
    • 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 42.0% in December: DOWN 69.8% in 2022
    • 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.

Industry-wide summary:

  • the Ancillary Cannabis Index went DOWN 15.1% in December and DOWN 63.7% for all of 2022 
  • the Canadian Cannabis LPs Index was DOWN 29.3% for the month and DOWN 66.0% for the year 
  • the American Cannabis MSOs Index was DOWN 42.6% for the month and DOWN 72.7% for the year.
  • The S&P 500, in comparison, was "only" DOWN 17.9% in 2022.

More By This Author:

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The 5 Largest Canadian Cannabis LP Stocks Collapsed 66% In 2022
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