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The munKNEE Conservative "Cannabis" Stock Index consists of the 6 tobacco and beer companies with major investments in the cannabis sector and its constituents are ranked below in descending order as to their performances last week and MTD:
- British American Tobacco (BTI): DOWN 0.8% last week; DOWN 5.3% MTD
- has a C$221M product development partnership with Organigram Holdings (OGI)
- has a dividend yield of 8.5% - A high short interest (8.5% is not considered high) signals that investors have become more bearish and may be getting ready to sell and, as such, that it may be time to liquidate a long position.
- has a forward price to earnings (PE) ratio of 8.0
- Read: Got $1,000? 3 Ultra High-Yield Dividend Stocks to Get Your Hands On
- Anheuser-Busch (BUD): DOWN 1.0% last week; DOWN 5.3% MTD
- has a $100 million joint venture with Tilray (TLRY)
- has a dividend yield of 1.5%
- has a forward price to earnings (PE) ratio of 18.2
- Read: Bud Light will have a future in America, survey hints and Bill Gates Picks Up BUD Shares, Morgan Stanley Says Current Valuation Fails to Reflect the Potential Upside — Here’s Why You Should Take Notice
- Molson Coors (TAP): DOWN 1.9% last week; DOWN 10.7% MTD
- has a dividend yield of 2.6%
- has a forward price to earnings (PE) ratio of 12.7
- has a short interest of 4.0%
- Read: Tilray Brands Announces Acquisition of Truss Beverage Co. from Molson Coors
- Altria Group (MO): DOWN 1.9% last week; DOWN 5.7% MTD
- has a 45% stake in Cronos Group (CRON)
- has a dividend yield of 8.8%
- has a forward price to earnings (PE) ratio of 8.6
- has a short interest of 0.8%
- Read: Should Income Investors Buy This Ultra-High-Yielding Blue Chip Stock?
- Imperial Brands (IMBBY): DOWN 2.3% last week; DOWN 5.6% MTD
- has a 19.9% stake in Auxly Cannabis Group (CBWTF)
- has a dividend yield of 7.7%
- has a trailing price to earnings (PE) ratio of 10.3
- Read: Imperial Brands' investors will be pleased with their decent 83% return over the last three years
- Constellation Brands (STZ): DOWN 4.0% last week; DOWN 5.7% MTD
- has a 39% stake in Canopy Growth (CGC)
- has a dividend yield of 1.4%
- has a forward price to earnings (PE) ratio of 22.0
- has a short interest of 1.3%
- Read: Constellation Brands Dips More Than Broader Markets: What You Should Know
In summary, the munKNEE Conservative "Cannabis" Stocks Index was DOWN 2.9% last week and is now DOWN 6.3% MTD. In addition, the stocks in the Index now have an average dividend yield of 3.0%.
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 was DOWN 2.6% last week and is DOWN 6.6% MTD.
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