The 5 tobacco, beer and distiller/vintner companies with major investments in the cannabis sector, constituents in the munKNEE Conservative "Cannabis" Stocks Index, are ranked below in descending order as to their performances last week along with their latest news.
Conservative "Cannabis" Stocks Index
- Anheuser-Busch InBev (BUD): up 0.1%
- has a $100 million joint venture with Tilray (TLRY)
- has a dividend yield of 1.31%
- Read: Wall Street sets Bud Light stock price for the next 12 months
- Altria Group (MO): down 1.8%
- has a 45% stake in Cronos Group (CRON)
- has a dividend yield of 9.49%
- Read: Is Altria's 9%-Yielding Dividend Safe?
- Imperial Brands (IMBBY): down 2.4%
- has a 19.9% stake in Auxly Cannabis Group (CBWTF)
- has a dividend yield of 7.73%
- Read: Imperial Brands Stock Forecast
- Constellation Brands (STZ): down 2.5%
- has a 39% stake in Canopy Growth (CGC)
- has a dividend yield of 1.52%
- Read: Constellation Brands Announces New Leadership Appointments
- British American Tobacco (BTI): down 8.7%
- has a C$346M product development partnership with Organigram Holdings (OGI)
- has a dividend yield of 9.75%
- Read: BTI wipes $31.5 billion off value of U.S. cigarette brands
Summary
The munKNEE Conservative "Cannabis" Stocks Index went down 2.5% last week and is now down 6.5% YTD. In addition, the stocks in the Index now have an average dividend yield of 3.3%.
More By This Author:
5 Largest Psychedelic Compound-Based Drug Stocks Up 3% Last Week
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