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

green plant on blue plastic pot

Image Source: Unsplash

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

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.