Conservative "Cannabis" Stock Index Unchanged In September

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The munKNEE Conservative "Cannabis" Stock Index, which consists of the 6 tobacco and beer companies with major investments in the cannabis sector, is virtually unchanged MTD. Its constituents are ranked below in descending order as to their performances this week and MTD:

  1. British American Tobacco (BTI): up 2.7% this week; up 0.7% MTD
    • has a C$221M product development partnership with Organigram Holdings (OGI)
    • has a dividend yield of 8.5%
    • has a forward price to earnings (PE) ratio of 8.1
    • has a forward price to sales ratio (PSR) of 2.1
  2. Anheuser-Busch InBev (BUD): up 1.2% this week; up 1.2% 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 18.5
    • has a forward price to sales ratio (PSR) of 1.8
  3. Constellation Brands (STZ): up 0.4% this week; up 0.3% 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 22.2
    • has a forward price to sales ratio (PSR) of 4.7
    • has a short interest of 1.0%
  4. Molson Coors Beverage (TAP): down 0.09% this week; up 0.1% MTD
    • has a dividend yield of 2.6%
    • has a forward price to earnings (PE) ratio of 12.7
    • has a forward price to sales ratio (PSR) of 1.2
    • has a short interest of 3.8%
  5. Altria Group (MO): down 1.2% this week; down 1.3% MTD 
    • has a 45% stake in Cronos Group (CRON)
    • has a dividend yield of 9.0%
    • has a forward price to earnings (PE) ratio of 8.7
    • has a forward price to sales ratio (PSR) of 3.8
    • has a short interest of 0.8%  
  6. Imperial Brands (IMBBY): down 1.4% this week; down 4.1% 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
    • has a forward price to sales ratio (PSR) of 1.7

In summary, the munKNEE Conservative "Cannabis" Stocks Index was only up 0.4% this week and is now up 0.3% 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 up 0.4% this week and is up 3.8% MTD.


More By This Author:

Canada's Largest Cannabis LPs Up 26%, On Average, MTD
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Disclosure: None

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