Conservative "Cannabis" Stocks Index Was Up +3% In June
The munKNEE Conservative "Cannabis" Stock Index consists of the 6 tobacco and beer companies with major investments in the cannabis sector (see details below) and its constituents are ranked below as to their performances last week, in June, and YTD: Details are as follows:
- Altria Group (MO): UP 4.3% last week; UP 2.0% in June; UP 0.7% YTD
- has a 45% stake in Cronos Group (CRON) - UP 9.4% last week
- has a dividend yield of 8.5%
- Constellation Brands (STZ): UP 1.6% last week; UP 1.3% in June; UP 6.6% YTD
- has a 39% stake in Canopy Growth (CGC) - DOWN xx% last week
- has a dividend yield of 1.5%
- British American Tobacco (BTI): UP 0.2% last week; UP 4.7% in June; DOWN 16.9% YTD
- has a C$221M investment and product development partnership with Organigram Holdings (OGI) - DOWN 2.5% last week,
- has a dividend yield of 8.2%
- Imperial Brands (IMBBY): DOWN 0.1% last week; UP 5.9% in June; UP 10.0% YTD
- has a 19.9% stake in Auxly Cannabis Group (CBWTF),- No Change last week
- has a dividend yield of 7.5%
- Molson Coors (TAP): DOWN 0.5% last week; UP 6.5% in June; UP 28.1% YTD
- has a 57.5%/42.5% joint venture, called TRUSS, with Tilray (TLRY) - UP 2.6% last week
- has a dividend yield of 2.5%
- Anheuser-Busch (BUD): DOWN 0.7% last week; UP 6.2% in June; DOWN 5.4% YTD
- has a $100 million joint venture with Tilray (TLRY) - UP 2.6% last week
- has a dividend yield of 1.4%
In summary, the munKNEE Conservative "Cannabis" Stocks Index was UP 1.0% last week; UP 3.2% in June; UP 3.7% YTD. In addition, the stocks in the Index now have an average dividend yield of 3%.
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 2.5% last week; UP 7.5% in June and is UP 7.8% YTD.
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Disclosure: None
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