The three weakest names during October included Greenlane (NASDAQ: GNLN), Turning Point Brands (NYSE: TPB) and iPower (NASDAQ: IPW). Both AFC Gamma and NewLake Capital Partners trade above their IPO prices from earlier this year. The three strongest stocks included REITs Innovative Industrial Properties (NYSE: IIPR), AFC Gamma (NASDAQ: AFCG) and NewLake Capital Partners (OTC: NLCP). Additionally, members of the index must generate at least $1 million per quarter from its ancillary operations.ĭuring October, the index included 15 members, with 1 posting a double-digit gain and 8 declining by more than 10%, with a median return of -9.5%: Initially, each qualifying company was required to trade at a minimum of $0.50 per share with a minimum average daily trading value of $500K at the time the index is rebalanced each month. The Ancillary Cannabis Index includes companies that provide goods and services to cannabis operators. The index has declined 23.0% since its introduction at the end of March compared to the decline of 34.4% in the Global Cannabis Stock Index: The index continued to outpace the overall market in October, falling 8.0% to 77.05, slightly better than the 8.8% decline in the New Cannabis Ventures Global Cannabis Stock Index: Following up on our discussion earlier this year about how cannabis investors have embraced publicly traded ancillary companies, New Cannabis Ventures launched its seventh proprietary index, the Ancillary Cannabis Index, at the end of March.
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