Conservative "Cannabis" Stocks Unchanged In March

Our munKNEE Conservative "Cannabis" Stocks Index consists of 3 tobacco companies, 2 beer companies, and 1 liquor company that are significantly invested in the cannabis industry and they are ranked below, in descending order, as to:

• their stock performances in March and year-to-date (YTD),
• their average Wall Street analyst consensus 12-month Price Targets,
• their consensus Buy/Hold/Sell ratings,
• their current Dividend Yield, and
• their projected Price/Earnings Ratios (FWD).

1. Anheuser-Busch (BUD): UP 9.9% in March; UP 11.3% YTD
   • has a $100 million joint venture with Tilray (TLRY),
   • 9 analysts:
     • have an average 12-month price target representing just a 4.4% increase from its March 31st price,
     • have a consensus BUY rating,
   • has a dividend yield of 0.85% and
   • has a projected price/earnings ratio (FWD) of 20.4
2. Imperial Brands (IMBBY): UP 5.5% in March; DOWN 7.3% YTD
   • has a 19.9% stake in Auxly Cannabis Group (CBWTF),
   • 1 analyst:
     • has an average 12-month price target representing a 47.2% increase from its March 31st price,
     • has a BUY rating, 
   • has a dividend yield of 7.24% and
   • has a projected Price/Earnings Ratio (FWD) of 12.9
3. Constellation Brands (STZ): UP 1.0% in March; DOWN xx% YTD
   • has a 39% stake in Canopy Growth (CGC),
   • 28 analysts:
     • have an average 12-month price target representing just a 13.1% increase from its March 31st price,
     • have a consensus BUY rating,
   • has a dividend yield of 1.47% and
   • has a projected price/earnings ratio (FWD) of 21.1
4. Molson Coors (TAP): DOWN 2.8% in March; UP 0.6% YTD
   • has a 57.5%/42.5% joint venture, called TRUSS, with Hexo Corp. (HEXO),
   • 21 analysts:
     • have an average 12-month price target representing just a 6.6% increase from its March 31st price,
     • have a consensus HOLD rating,
   • has a dividend yield of 3.0% and
   • has a projected price/earnings ratio (FWD) of 12.7
5. Altria Group (MO): DOWN 3.9% in March; DOWN 2.2% YTD 
   • has a 45% stake in Cronos Group (CRON),
   • 17 analysts:
     • have an average 12-month price target representing just a 11.6% increase from its March 31st price,
     • have a consensus HOLD rating,
   • has a dividend yield of 8.55% and
   • has a projected price/earnings ratio (FWD) of 8.8
6. British American Tobacco (BTI): DOWN 9.0% in March; DOWN 12.0% YTD
   • has a C$221M investment and product development partnership with Organigram Holdings (OGI),
   • has a $56.8 million investment in Charlotte’s Web Holdings, Inc. (CWBHF) in the form of a convertible debenture which, if converted (at BTI's discretion), would equate to a 19.9% ownership position in the company,
   • 4 analysts:
     • have an average 12-month price target representing a 46.3% increase from its March 31st price,
     • have a consensus BUY rating,
   • has a dividend yield of 7.55% and
   • has a projected price/earnings ratio (FWD) of 9.2

In summary, the munKNEE Conservative "Cannabis" Stocks Index:

• was UP only 0.06% in March and is just +1.2% YTD
• and its constituents currently have an average dividend yield of 3.1% and
• the average 12-month price targets mentioned above represent a 15.3% increase from their March 31st prices.

In comparison, the S&P 500:

• was UP 5.2% in March, is now UP 7.0% YTD
• and has a current average dividend yield of 1.65% as of the close of business on March 31st.

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