Ancillary Cannabis Index
Launched on 3/31/21, the Ancillary Cannabis Index includes companies that provide goods and services to cannabis operators.
The Ancillary Cannabis Index, which is dollar-denominated and based upon the prices of the U.S. listing for each member, is rebalanced monthly, with each member weighted equally at that time. The index includes companies that provide goods or services to those companies that grow, process or sell cannabis products, including those derived from industrial hemp. Companies must file with the SEC or the securities regulator in the country of their primary listing.
Since the initial launch on 3/31/21, each stock has been required to have an average daily trading value in excess of $500,000 in the U.S. Stocks included must trade at a minimum of $0.50. Companies with primary listings in other countries must have a U.S. listing in order to be included. The company must generate at least $1 million in quarterly revenue from its ancillary operations. The update as of 5/31 was based upon data from 5/26, which resulted in the addition of IPW.
Inclusion in any index is not an endorsement or recommendation of any company. This Site is not an intermediary, broker/dealer, investment advisor, or exchange and does not provide investment advice or investment advisory services. QuoteMedia Data delayed 15 minutes unless otherwise indicated.