The Conservative "Cannabis" Stock Index Is Now Up 4% MTD And +11% YTD
The munKNEE Conservative "Cannabis" Stock Index consists of the 6 tobacco and alcoholic beverage companies with major investments in the cannabis sector (see details below). Its constituents are ranked here, in descending order, as to their performances MTD and YTD:
- Constellation Brands (STZ): UP 9.5% MTD; UP 16.7% YTD
- has a 39% stake in Canopy Growth (CGC)
- Market Capitalization: $
- Stock Price: $269.50
- has a dividend yield of 1.3%
- Read: Constellation Brands May See Stars Align and Constellation Brands Announces Governance Enhancements, Elects Two New Independent Directors
- Imperial Brands (IMBBY): UP 6.5% MTD; DOWN 4.2% YTD
- has a 19.9% stake in Auxly Cannabis Group (CBWTF)
- Market Capitalization: $21.17B
- Stock Price: $23.89
- has a dividend yield of 7.2%
- Read: The Return Trends At Imperial Brands Look Promising
- Molson Coors (TAP): UP 6.2% MTD; UP 36.1% YTD
- has a 57.5%/42.5% joint venture, called TRUSS, with Tilray (TLRY)
- Market Capitalization: $15.12B
- Stock Price: $69.95
- has a dividend yield of 2.3%
- short interest: 4.0%
- Read: Will Molson Coors (TAP) Beat Estimates Again in Its Next Earnings Report?
- Anheuser-Busch (BUD): UP 3.2% MTD; DOWN 3.2% YTD
- has a $100 million joint venture with Tilray (TLRY)
- Market Capitalization: $116.30B
- Stock Price: $58.55
- has a dividend yield of 1.4%
- Read: Anheuser-Busch Inbev (BUD) Outpaces Stock Market Gains: What You Should Know, 'He's Been Paralyzed': This Former Anheuser-Busch Exec Says The Current CEO Has Failed To Fix The Bud Light Crisis — Must Quit Now And Let Someone Else Save The 'Sinking Ship' and Anheuser-Busch CEO Pushes Back Over Bud Light Boycott
- British American Tobacco (BTI): UP 2.7% MTD; DOWN 14.6% YTD
- has a C$221M investment and product development partnership with Organigram Holdings (OGI)
- Market Capitalization: $78.98
- Stock Price: $34.11
- has a dividend yield of 8.0%
- Read: Best High-Yield Dividend Stock to Buy: Altria vs. British American Tobacco
- Altria Group (MO): UP 0.7% MTD; DOWN 0.4% YTD
- has a 45% stake in Cronos Group (CRON)
- Market Capitalization: $81.40
- Stock Price: $45.60
- has a dividend yield of 8.3%
- short interest: 0.8%
- Read: 3 Things About Altria Stock That Smart Investors Know
In summary, the munKNEE Conservative "Cannabis" Stocks Index is UP 3.9% MTD and is now UP 10.8% YTD. In addition, the stocks in the Index now have an average dividend yield of 2.8%. In comparison, the American Cannabis MSOs Index is DOWN 1.7% MTD and DOWN 21.0% YTD and the Canadian Cannabis LPs Index is DOWN 4.8% MTD and is now DOWN 50.0% YTD.
If you are interested in this category consider the AdvisorShares VICE ETF (VICE) which invests in "vice" industries which include alcohol and beer (43%), gaming and casinos (29%), tobacco and cannabis (17%), hospitality (6%) and other related business activities (5%) stocks. The ETF is UP 3.0% MTD and is now UP 11.1% YTD. It also has a dividend yield of 0.9%.
More By This Author:
Largest Psychedelic Compound-Based Drug Stocks Up 14% MTD; Now Up 27% YTD
Largest Cannabis LPs Down 5% This Week
Largest Cannabis MSOs Down 8.5% So Far This Week
Disclosure: None
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