Why cannabis investors need to pay attention to ancillary companies

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Why cannabis investors need to pay attention to ancillary companies

Seeking Alpha2021-12-26

While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant. Investors keeping tabs on the cannabis industry are missing out if they are only ...

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lrjk1985
·2021-12-26
Yeah that’s a smart play
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1
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Nichktan
·2021-12-26
Like
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2
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Dttk
·2021-12-26
like pls
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2
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koolgal
·2021-12-26
Interesting investment idea - investing in cannabis stocks! Must check it out and see if it is a viable investment. 🤔
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- Targarean:
  Cannabis stocks are not new but it would really make sense if you’re a consumer of the product as well, koolgal 😂
  2021-12-26
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- SuccesInvst:
  Higher and Higher 🚀
  2021-12-26
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- koolgalReplying toRDPD富爸穷爸:
  My pleasure
  2021-12-26
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Gackky
·2021-12-26
we need more american to smoke more.. come on
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3
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Mib1515
·2021-12-26
Ok
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1
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kevinlaisq
·2021-12-26
Pls like
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5
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- ahBern:
  Ok
  2021-12-26
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TTTa
·2021-12-26
Okay
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2
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RobinChanKH
·2021-12-26
Up
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7
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- TTTa:
  Yup
  2021-12-26
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- koolgal:
  Thanks
  2021-12-26
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KopiMoney
·2021-12-26
[Cool]
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1
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haoren
·2021-12-26
Nice
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9
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Ralfy
·2021-12-26
Ok
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7
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hyhop
·2021-12-26
Ok
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- hyhop:
  ok
  2021-12-26
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JimmySiew
·2021-12-26
Ok
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- siowthing:
  ok
  2021-12-26
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LHQA
·2021-12-26
Up
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4
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YungShen
·2021-12-26
Like pls
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- RonnieO:
  Ok
  2021-12-26
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- Ralfy:
  ok
  2021-12-26
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- hohok:
  ok!
  2021-12-26
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Stephanie58
·2021-12-26
Gogogo
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Don3
·2021-12-26
Please like
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- Stephanie58:
  Gogogo
  2021-12-26
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- 土金水木火:
  Done
  2021-12-26
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0ink
·2021-12-26
Ok
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- JC12341234:
  ok
  2021-12-26
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Jas4sun
·2021-12-26
Pls like
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- Jas4sun:
  👍
  2021-12-28
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- Jas4sun:
  👍
  2021-12-26
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- Don3:
  ok
  2021-12-26
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They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9009337696,"gmtCreate":1640489455277,"gmtModify":1676533523148,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"htmlText":"Yeah that’s a smart play","listText":"Yeah that’s a smart play","text":"Yeah that’s a smart play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009337696","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9009395064,"gmtCreate":1640485911458,"gmtModify":1676533522864,"author":{"id":"3567067978989911","authorId":"3567067978989911","name":"Nichktan","avatar":"https://static.tigerbbs.com/73a93daf14236dfaeabaf3ea0b82fe4d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567067978989911","authorIdStr":"3567067978989911"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009395064","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9009393994,"gmtCreate":1640485134310,"gmtModify":1676533522748,"author":{"id":"3572939968720880","authorId":"3572939968720880","name":"Dttk","avatar":"https://static.tigerbbs.com/82269b01d70f98d5770f4418d3911ef9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572939968720880","authorIdStr":"3572939968720880"},"htmlText":"like pls","listText":"like pls","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009393994","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":698490894,"gmtCreate":1640484906920,"gmtModify":1676532456876,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"htmlText":"Interesting investment idea - investing in cannabis stocks!&nbsp; Must check it out and see if it is a viable investment. 🤔","listText":"Interesting investment idea - investing in cannabis stocks!&nbsp; Must check it out and see if it is a viable investment. 🤔","text":"Interesting investment idea - investing in cannabis stocks! Must check it out and see if it is a viable investment. 🤔","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":21,"commentSize":18,"repostSize":0,"link":"https://ttm.financial/post/698490894","repostId":1198001868,"repostType":2,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":100035602,"gmtCreate":1640513820825,"gmtModify":1663241574126,"authorId":3573540190522229,"author":{"id":3573540190522229,"idStr":"3573540190522229","authorId":3573540190522229,"name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.11","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698490894,"type":1,"supId":0,"prevId":0,"content":"Cannabis stocks are not new but it would really make sense if you’re a consumer of the product as well, koolgal 😂","text":"Cannabis stocks are not new but it would really make sense if you’re a consumer of the product as well, koolgal 😂","html":"Cannabis stocks are not new but it would really make sense if you’re a consumer of the product as well, koolgal 😂"},{"id":100034513,"gmtCreate":1640491639308,"gmtModify":1663241564548,"authorId":4099029840674880,"author":{"id":4099029840674880,"idStr":"4099029840674880","authorId":4099029840674880,"name":"SuccesInvst","avatar":"https://community-static.tradeup.com/news/ff090ccd1da1d069698d50b9c5ce27b2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698490894,"type":1,"supId":0,"prevId":0,"content":"Higher and Higher 🚀","text":"Higher and Higher 🚀","html":"Higher and Higher 🚀"},{"id":7111589,"gmtCreate":1640517322209,"gmtModify":1663239198233,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the 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days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":3563664364598207,"repliedAuthor":{"id":3563664364598207,"idStr":"3563664364598207","authorId":3563664364598207,"name":"RDPD富爸穷爸","avatar":"https://static.tigerbbs.com/ccb78267f6fdc8fcff96e8963a385af9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":698490894,"type":1,"supId":7110278,"prevId":7111327,"content":"My pleasure","text":"My pleasure","html":"My pleasure"},{"id":7111297,"gmtCreate":1640510771801,"gmtModify":1663239197844,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":3563664364598207,"repliedAuthor":{"id":3563664364598207,"idStr":"3563664364598207","authorId":3563664364598207,"name":"RDPD富爸穷爸","avatar":"https://static.tigerbbs.com/ccb78267f6fdc8fcff96e8963a385af9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":698490894,"type":1,"supId":7110278,"prevId":7110905,"content":"Thanks.&nbsp; I am also checking it out. I do know that some late stage cancer patients overseas rely on cannabis to alleviate their pain.","text":"Thanks.&nbsp; I am also checking it out. I do know that some late stage cancer patients overseas rely on cannabis to alleviate their pain.","html":"Thanks.&nbsp; I am also checking it out. I do know that some late stage cancer patients overseas rely on cannabis to alleviate their pain."},{"id":7111327,"gmtCreate":1640511688533,"gmtModify":1663239196435,"authorId":3563664364598207,"author":{"id":3563664364598207,"idStr":"3563664364598207","authorId":3563664364598207,"name":"RDPD富爸穷爸","avatar":"https://static.tigerbbs.com/ccb78267f6fdc8fcff96e8963a385af9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3559581955535845,"repliedAuthor":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"objectId":698490894,"type":1,"supId":7110278,"prevId":7111297,"content":"Thanks for sharing 😊👍","text":"Thanks for sharing 😊👍","html":"Thanks for sharing 😊👍"}],"langContent":"CN"},{"id":9009390275,"gmtCreate":1640484885938,"gmtModify":1676533522724,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574326723774097","authorIdStr":"3574326723774097"},"htmlText":"we need more american to smoke more.. come on&nbsp;","listText":"we need more american to smoke more.. come on&nbsp;","text":"we need more american to smoke more.. come on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009390275","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9009304349,"gmtCreate":1640484286701,"gmtModify":1676533522660,"author":{"id":"3579210010472476","authorId":"3579210010472476","name":"Mib1515","avatar":"https://static.tigerbbs.com/c0b85730abdbda4c69ac70cb9d1f58cb","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3579210010472476","authorIdStr":"3579210010472476"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009304349","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":698405903,"gmtCreate":1640484284831,"gmtModify":1676532456791,"author":{"id":"3572874548548490","authorId":"3572874548548490","name":"kevinlaisq","avatar":"https://static.tigerbbs.com/329de1199f764a89b7cadf50308e183d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572874548548490","authorIdStr":"3572874548548490"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/698405903","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7108939,"gmtCreate":1640484379216,"gmtModify":1663239187749,"authorId":4087650318161980,"author":{"id":4087650318161980,"idStr":"4087650318161980","authorId":4087650318161980,"name":"ahBern","avatar":"https://static.tigerbbs.com/88263929bb1a9cc8c5ea90409c5bd436","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.30","exceedPercentage":"80.82%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698405903,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"CN"},{"id":9009305648,"gmtCreate":1640484117398,"gmtModify":1676533522685,"author":{"id":"3567378212600527","authorId":"3567378212600527","name":"TTTa","avatar":"https://static.tigerbbs.com/2cadde203f51041e2e0dceaa2f0097f2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3567378212600527","authorIdStr":"3567378212600527"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009305648","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":698408320,"gmtCreate":1640483816881,"gmtModify":1676532456739,"author":{"id":"3585125163446793","authorId":"3585125163446793","name":"RobinChanKH","avatar":"https://community-static.tradeup.com/news/6a29bc2ef443d458e3076e29dd8d5455","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":4,"crmLevelSwitch":1,"idStr":"3585125163446793","authorIdStr":"3585125163446793"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/698408320","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":100033599,"gmtCreate":1640484125016,"gmtModify":1663241558846,"authorId":3567378212600527,"author":{"id":3567378212600527,"idStr":"3567378212600527","authorId":3567378212600527,"name":"TTTa","avatar":"https://static.tigerbbs.com/2cadde203f51041e2e0dceaa2f0097f2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698408320,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"},{"id":7108992,"gmtCreate":1640484727869,"gmtModify":1663239187530,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":698408320,"type":1,"supId":0,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"}],"langContent":"CN"},{"id":9009306701,"gmtCreate":1640483747176,"gmtModify":1676533522560,"author":{"id":"3586404474185214","authorId":"3586404474185214","name":"KopiMoney","avatar":"https://static.tigerbbs.com/0f828df590b1187b2cae19669ae9fc97","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586404474185214","authorIdStr":"3586404474185214"},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009306701","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":698574832,"gmtCreate":1640482761959,"gmtModify":1676532456582,"author":{"id":"3581803494981906","authorId":"3581803494981906","name":"haoren","avatar":"https://static.tigerbbs.com/959cadb42575ede705b330aa58d68a63","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3581803494981906","authorIdStr":"3581803494981906"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/698574832","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":698576690,"gmtCreate":1640482062924,"gmtModify":1676532456474,"author":{"id":"3577741204326799","authorId":"3577741204326799","name":"Ralfy","avatar":"https://static.tigerbbs.com/fde040140e939a289c5465ebd82d0a34","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":8,"crmLevelSwitch":1,"idStr":"3577741204326799","authorIdStr":"3577741204326799"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/698576690","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":698578507,"gmtCreate":1640481704321,"gmtModify":1676532456457,"author":{"id":"3570089742250981","authorId":"3570089742250981","name":"hyhop","avatar":"https://static.tigerbbs.com/0c810c839e0549461f5f465b72f9be83","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3570089742250981","authorIdStr":"3570089742250981"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/698578507","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7108530,"gmtCreate":1640481708958,"gmtModify":1663239185926,"authorId":3570089742250981,"author":{"id":3570089742250981,"idStr":"3570089742250981","authorId":3570089742250981,"name":"hyhop","avatar":"https://static.tigerbbs.com/0c810c839e0549461f5f465b72f9be83","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698578507,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":698571513,"gmtCreate":1640481423834,"gmtModify":1676532456426,"author":{"id":"3578176602660058","authorId":"3578176602660058","name":"JimmySiew","avatar":"https://static.tigerbbs.com/865217a1248da3f0d11fd05e9280c2a7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3578176602660058","authorIdStr":"3578176602660058"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/698571513","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7108579,"gmtCreate":1640482052868,"gmtModify":1640482052868,"authorId":3569986866622229,"author":{"id":3569986866622229,"idStr":"3569986866622229","authorId":3569986866622229,"name":"siowthing","avatar":"https://static.tigerbbs.com/8107ee6f14735fa1f43f4387de9461ec","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698571513,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"},{"id":9009974508,"gmtCreate":1640481375143,"gmtModify":1676533522407,"author":{"id":"3586601875451537","authorId":"3586601875451537","name":"LHQA","avatar":"https://community-static.tradeup.com/news/dac2098ffd34dac5d3d995daf719d745","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3586601875451537","authorIdStr":"3586601875451537"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9009974508","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":698573738,"gmtCreate":1640481251824,"gmtModify":1676532456416,"author":{"id":"3572077554323764","authorId":"3572077554323764","name":"YungShen","avatar":"https://static.tigerbbs.com/9ff298cca29db8d4cf45d888f766fdd6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572077554323764","authorIdStr":"3572077554323764"},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/698573738","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":100033373,"gmtCreate":1640481940126,"gmtModify":1663241555766,"authorId":4088850777374920,"author":{"id":4088850777374920,"idStr":"4088850777374920","authorId":4088850777374920,"name":"RonnieO","avatar":"https://static.tigerbbs.com/1292a5981b699a40c70f37718afa2985","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698573738,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":7108585,"gmtCreate":1640482105743,"gmtModify":1663239188425,"authorId":3577741204326799,"author":{"id":3577741204326799,"idStr":"3577741204326799","authorId":3577741204326799,"name":"Ralfy","avatar":"https://static.tigerbbs.com/fde040140e939a289c5465ebd82d0a34","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary 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09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":698573156,"gmtCreate":1640481132146,"gmtModify":1676532456417,"author":{"id":"3581937274949753","authorId":"3581937274949753","name":"Don3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581937274949753","authorIdStr":"3581937274949753"},"htmlText":"Please like","listText":"Please like","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/698573156","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":100033269,"gmtCreate":1640481207472,"gmtModify":1663241556438,"authorId":3582023311610406,"author":{"id":3582023311610406,"idStr":"3582023311610406","authorId":3582023311610406,"name":"Stephanie58","avatar":"https://static.tigerbbs.com/3ad2409c4debb23bdfeaf6c92729dba5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698573156,"type":1,"supId":0,"prevId":0,"content":"Gogogo","text":"Gogogo","html":"Gogogo"},{"id":7108516,"gmtCreate":1640481550836,"gmtModify":1663239185843,"authorId":4087537231786360,"author":{"id":4087537231786360,"idStr":"4087537231786360","authorId":4087537231786360,"name":"土金水木火","avatar":"https://static.tigerbbs.com/b569dff568eac68113202875c896b710","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698573156,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"CN"},{"id":698579837,"gmtCreate":1640481020589,"gmtModify":1676532456375,"author":{"id":"3582069515093971","authorId":"3582069515093971","name":"0ink","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582069515093971","authorIdStr":"3582069515093971"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/698579837","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7108464,"gmtCreate":1640481069566,"gmtModify":1663239185947,"authorId":3576890065678742,"author":{"id":3576890065678742,"idStr":"3576890065678742","authorId":3576890065678742,"name":"JC12341234","avatar":"https://static.tigerbbs.com/7b0a2ed473c0072cb1937345f4736657","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698579837,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"CN"},{"id":698579313,"gmtCreate":1640481004216,"gmtModify":1676532456368,"author":{"id":"3561852541009175","authorId":"3561852541009175","name":"Jas4sun","avatar":"https://static.tigerbbs.com/cb41e0b5e844b6d5a2329ac5fa79232d","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3561852541009175","authorIdStr":"3561852541009175"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/698579313","repostId":1198001868,"repostType":4,"repost":{"id":"1198001868","pubTimestamp":1640480946,"share":"https://ttm.financial/m/news/1198001868?lang=&edition=fundamental","pubTime":"2021-12-26 09:09","market":"us","language":"en","title":"Why cannabis investors need to pay attention to ancillary companies","url":"https://stock-news.laohu8.com/highlight/detail?id=1198001868","media":"Seeking Alpha","summary":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy","content":"<ul>\n <li>While it may take a village to raise a child, it takes a large number of resources to grow a healthy&nbsp;cannabis plant.</li>\n <li>Investors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).</li>\n <li>There is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.</li>\n <li>These companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.</li>\n <li>New Cannabis Ventures created the&nbsp;Ancillary Cannabis Index&nbsp;on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/7e7beacc5eafa7a5e3f332115fbc78e7\" tg-width=\"1280\" tg-height=\"691\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).</li>\n <li>Innovative is&nbsp;up 37%year to date, while Power is&nbsp;up 134%.</li>\n <li>While Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).</li>\n <li>Five of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.</li>\n <li>Seeking Alpha's Quant Rating is&nbsp;very bullish&nbsp;on Power, but&nbsp;neutral&nbsp;on Innovative.</li>\n <li>A marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is&nbsp;down ~6%since then. Note it is not included Ancillary Cannabis Index.</li>\n <li>Another star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since&nbsp;its March IPO, the stock is up ~15% year to date.</li>\n <li>While the company is currently very profitable, that might change if&nbsp;proposed legislation is approved&nbsp;that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a&nbsp;neutral rating on shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/95068d19d7c53441b6c338458944fe89\" tg-width=\"1280\" tg-height=\"443\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>The best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is&nbsp;up 71%.</li>\n <li>urban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit&nbsp;from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"</li>\n <li>Although in the red&nbsp;down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.</li>\n <li>However, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the&nbsp;company's losses and net cash outflows are growing.</li>\n <li>With brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.</li>\n <li>Wells Fargo recently&nbsp;initiated GrowGeneration with an equal weight rating.</li>\n <li>With a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are&nbsp;down 19%YTD.</li>\n <li>While not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.</li>\n <li>Wells Fargo recently&nbsp;started the company with an overweight rating.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why cannabis investors need to pay attention to ancillary companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy cannabis investors need to pay attention to ancillary companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-26 09:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only ...</p>\n\n<a href=\"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc","PW":"Power REIT"},"source_url":"https://seekingalpha.com/news/3783313-why-cannabis-investors-need-to-pay-attention-to-ancillary-companies","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198001868","content_text":"While it may take a village to raise a child, it takes a large number of resources to grow a healthy cannabis plant.\nInvestors keeping tabs on the cannabis industry are missing out if they are only paying attention to Canadian licensed producers (LPs) and multi-state operators (MSOs).\nThere is a group of companies that are essential -- both literally and figuratively -- to the growth of the cannabis industry: ancillary companies.\nThese companies run the gamut and include fertilizer producers, hydroponic equipment, grow lights, and REITs that own the greenhouses where marijuana is grown.\nNew Cannabis Ventures created the Ancillary Cannabis Index on March 31 to track such companies.Like Canadian LPs and MSOs, after a strong Q1, the index had dropped precipitously.\n\n\n\nThe two best performing stocks in this index are industrial REITs whose holdings focus on properties, such as greenhouses are warehouses, utilized specifically by licensed cannabis operators. They are Innovative Industrial Properties(NYSE:IIPR)and Power REIT(NYSE:PW).\nInnovative is up 37%year to date, while Power is up 134%.\nWhile Innovative is invested exclusively in cannabis activity-related properties, Power is more diversified as its holdings include controlled environment agriculture (greenhouses), solar farm land and transportation (railroad real estate).\nFive of Innovative's nine properties are in California, while all but three of Power's 18 cannabis properties are in Colorado.\nSeeking Alpha's Quant Rating is very bullish on Power, but neutral on Innovative.\nA marijuana REIT newcomer is NewLake Capital Partners, which went public in August. It is down ~6%since then. Note it is not included Ancillary Cannabis Index.\nAnother star performer in the index is AFC Gamma(NASDAQ:AFCG), which operates as a mortgage REIT that structures and underwrites loans for licensed cannabis industry companies. Since its March IPO, the stock is up ~15% year to date.\nWhile the company is currently very profitable, that might change if proposed legislation is approved that would allow commercial banks to do business with cannabis companies, according to Seeking Alpha contributor Austin Rogers, who has a neutral rating on shares.\n\n\n\nThe best performing stock in the index outside of REITs is urban-gro(NASDAQ:UGRO), which provides indoor cultivation systems and equipment. YTD, the company is up 71%.\nurban-gro uplisted to Nasdaq earlier this year. In August, Seeking Alpha contributor Shareholders Unite said the company is \"very well positioned to benefit from the tailwind of two secular growth markets, cannabis, and the controlled environment ag markets.\"\nAlthough in the red down ~15%YTD, Agrify(NASDAQ:AGFY)considers itself a vertically integrated solution provider for the cannabis industry providing facility design and construction, as well as consulting services.\nHowever, Seeking Alpha contributor Daniel Jones, who has a neutral rating on shares, just wrote that Agrify is a risky bet considering the company's losses and net cash outflows are growing.\nWith brick-and-mortar stores and a large commercial services operation providing hydroponic products and services, GrowGeneration(NASDAQ:GRWG)is another company to pay attention to. Shares aredown 66%YTD.\nWells Fargo recently initiated GrowGeneration with an equal weight rating.\nWith a market cap ~$8.8B, Scotts Miracle Grow(NYSE:SMG)is the largest company in the ancillary cannabis space. Its shares are down 19%YTD.\nWhile not a pure play ancillary company, Scotts' fertilizers are used in marijuana plant growing. Also, products from its brands including General Hydroponics, Botanicare, and Gavita Horticultural Lighting are extensively used in the cannabis industry.\nWells Fargo recently started the company with an overweight rating.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7123865,"gmtCreate":1640654189721,"gmtModify":1663239247034,"authorId":3561852541009175,"author":{"id":3561852541009175,"idStr":"3561852541009175","authorId":3561852541009175,"name":"Jas4sun","avatar":"https://static.tigerbbs.com/cb41e0b5e844b6d5a2329ac5fa79232d","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698579313,"type":1,"supId":7108476,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":7108456,"gmtCreate":1640481048532,"gmtModify":1663239185754,"authorId":3561852541009175,"author":{"id":3561852541009175,"idStr":"3561852541009175","authorId":3561852541009175,"name":"Jas4sun","avatar":"https://static.tigerbbs.com/cb41e0b5e844b6d5a2329ac5fa79232d","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698579313,"type":1,"supId":7108447,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":7108476,"gmtCreate":1640481141619,"gmtModify":1663239185426,"authorId":3581937274949753,"author":{"id":3581937274949753,"idStr":"3581937274949753","authorId":3581937274949753,"name":"Don3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698579313,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":7108447,"gmtCreate":1640481025581,"gmtModify":1663239185341,"authorId":3582069515093971,"author":{"id":3582069515093971,"idStr":"3582069515093971","authorId":3582069515093971,"name":"0ink","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":698579313,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":276,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}