Conservative "Cannabis" Stocks Up Slightly Last Week
The munKNEE Conservative "Cannabis" Stock Index consists of the 6 tobacco and alcoholic beverage companies with major investments in the cannabis sector (see details below). Its constituents are ranked here in descending order, as to their performances last week and YTD:
- Constellation Brands (STZ): UP 3.0% last week; UP 9.8% YTD
- has a 39% stake in Canopy Growth (CGC)
- has a dividend yield of 1.4%
- Read: Corona and Modelo maker Constellation Brands expects to benefit if Bud Light sales continue to drag going into the fall.
- Altria Group (MO): UP 1.5% last week; UP 0.8% YTD
- has a 45% stake in Cronos Group (CRON)
- has a dividend yield of 8.2%
- Read: Altria-Backed Cannabis Producer Cronos Group Considers Sale, Stock Waivers Amid Takeover Interest
- Imperial Brands (IMBBY): UP 1.2% last week; DOWN 8.9% YTD
- has a 19.9% stake in Auxly Cannabis Group (CBWTF)
- has a dividend yield of 7.5%
- Molson Coors (TAP): UP 0.1% last week; UP 28.3% YTD
- has a 57.5%/42.5% joint venture, called TRUSS, with Tilray (TLRY)
- has a dividend yield of 2.5%
- Read: Molson Coors Brewing (TAP) is a Top-Ranked Momentum Stock: Should You Buy?
- British American Tobacco (BTI): DOWN 0.5% last week; DOWN 17.2% YTD
- has a C$221M investment and product development partnership with Organigram Holdings (OGI)
- has a dividend yield of 8.1%
- Read: Are Investors Undervaluing British American Tobacco (BTI) Right Now?
- Anheuser-Busch (BUD): DOWN 2.2% last week; DOWN 7.4% YTD
- has a $100 million joint venture with Tilray (TLRY)
- has a dividend yield of 1.5%
- Read: 'They Just Stopped Buying': Bud Light Is Now Selling For Less Than Water In Some US Warehouses, But Is BUD Stock Too Cheap To Pass Up? 1 Reason To Pick It Up Now
In summary, the munKNEE Conservative "Cannabis" Stocks Index was UP 1.5% last week but is now UP 5.3% YTD. In addition, the stocks in the Index now have an average dividend yield of 2.9%.
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 1.5% last week but is now UP 6.8% YTD. It also has a dividend that has a 0.9% yield.
More By This Author:
7 Largest American Cannabis Stocks Advanced 13.5%, On Average, This Week
Tattooed Chef Bankruptcy; Our Plant-Based Food Index Is Down To 2 Stocks
Canadian Cannabis LPs Index Advanced This Week
Disclosure: None
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