Tuesday , 17 May 2022

Ancillary Pot Stock Index DOWN -3% in 2021

We track sizeable companies that provide goods and/or services to American cannabis multi-state operators (MSOs) and Canadian licensed producers (LPs) in our Ancillary Pot Stock Index. Here’s how they did in 2021.

An original article by Lorimer Wilson, Managing Editor of munKNEE.com – Your Key To Making Money!

The 7 constituents below have hyperlinks to 3 areas of additional information which are imperative for any individual considering investing in this sector:

  • The company name is hyperlinked to its web site to provide you with a description of the company and an analysis of its stock.
  • The trading symbol is hyperlinked to additional financial data and commentary on the company (where available).
  • The percentage increase YTD is hyperlinked to a chart of the company’s stock performance YTD.

The munKNEE Ancillary Pot Stock Index

The 7 companies that make up the constituents of the non-tradable Index went DOWN -xx%, on average, in 2021. Their performances are presented below:

  1. Innovative Industrial Properties Inc. (IIPR): UP +43.6% 
    • 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
  2. AFC Gamma (AFCG): UP +0.2%
    • a real estate finance company operating as a mortgage real estate investment trust (mREIT) to provide loans to marijuana operators
  3. Scotts Miracle-Gro Company (SMG): DOWN -18.9%
    • 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. Forian (FORA): DOWN -20.3%
    • provides a suite of SaaS solutions, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance
  5. Turning Point Brands Inc. (TPB): DOWN -24.1%
    • a manufacturer, marketer, and distributor of alternative smoking accessories and consumables with active ingredients through more than 210,000 retail outlets in North America
  6. Hydrofarm Holdings Group Inc. (HYFM): DOWN -46.2%
    • 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 -67.6%
    • 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.

Editor’s Note:

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