Conservative Cannabis Stocks Index Up 5.7% In November; Now +4.6% YTD

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The munKNEE Conservative Cannabis Stocks Index consists of 5 tobacco companies and 1 liquor company that are significantly invested in the cannabis industry and it went UP 5.7% in November and is now UP 4.6% YTD (UP 7.4% YTD with dividends included).

Below is the performance of the constituents of the index in November, in descending order.

  1. Anheuser-Busch (BUDwas UP 17.0% in November and has a Dividend Yield of 0.90%.
    • The company has a $100 million joint venture with Tilray Inc. (TLRY).
  2. Molson Coors (TAPwas UP 7.8% in November and has a Dividend Yield of 2.76%.
    • The company has a 57.5%/42.5% joint venture, called TRUSS, with Hexo Corp. (HEXO).
  3. Imperial Brands(IMBBYwas UP 7.2% in November and has a Dividend Yield of 6.66%.
    • The company has a 19.9% stake in Auxly Cannabis Group Inc. (CBWTF).
  4. Constellation Brands(STZwas UP 4.2% in November and has a Dividend Yield of 1.24%.
    • The company has a 39% stake in Canopy Growth Corporation  (CGC).
  5. British American Tobacco (BTIwas UP 3.7% in November and has a Dividend Yield of 6.55%.
    • The company has a C$221M investment and product development partnership with Organigram Holdings Inc. (OGI).
    • The company just announced (November 15th) a US$56.8 million investment into 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.
  6. Altria Group (MOwas UP 0.4% in November and has a Dividend Yield of 8.07%.
    • The company has a 45% stake in Cronos Group Inc. (CRON).

In summary, the Conservative Cannabis Stocks Index:

  • was UP 5.7% in November and 
  • is now UP 4.6% YTD
  • and its constituents now have an average Dividend Yield of 2.79%.

More By This Author:

Ancillary Cannabis Companies Continued To Outperformed S&P 500 In November
Major American Cannabis MSO Stocks Up 10% In November; Remain Down 53% YTD
Major Canadian Cannabis LP Stocks Up Slightly In November; Still Down 54% YTD

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