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The munKNEE Conservative Cannabis Stocks Index consists of the 5 tobacco companies and 1 liquor company that are invested heavily in the cannabis industry.

Below is the performance of the constituents in June, in descending order, and YTD:

1. Molson Coors (TAP) was DOWN 1.2% in June; is UP 17.6% YTD and has a Dividend Yield of 2.8%.
   • The company has a 57.5%/42.5% joint venture, called TRUSS, with Hexo Corp. (HEXO) which is DOWN 70.0% YTD and pays out no dividend.
2. Imperial Brands (IMBBY) was DOWN 1.6% in June; is UP 2.0% YTD and has a Dividend Yield of 4.5%.
   • The company has a 19.9% stake in Auxly Cannabis Group Inc. (CBWTF) which is DOWN 57.1% YTD and pays out no dividend.
3. British American Tobacco (BTI) was DOWN 4.2% in June; is UP 14.7% YTD and has a Dividend Yield of 6.9%. 
   • The company has a C$221M investment and product development partnership with Organigram Holdings Inc. (OGI) which was DOWN 47.4% YTD and pays out no dividend.
4. Anheuser-Busch (BUD) was DOWN 4.8% in June; is DOWN 10.9% YTD and has a Dividend Yield of 1.0%.
   • The company has a $100 million joint venture with Tilray Inc. (TLRY) which is DOWN 55.7% YTD and pays out no dividend.
5. Constellation Brands (STZ) was DOWN 5.4% in June; is DOWN 7.1% YTD and has a Dividend Yield of 1.4%.
   • The company has a 39% stake in Canopy Growth Corporation  (CGC) which is DOWN 67.4% YTD and pays out no dividend.
6. Altria Group (MO) was DOWN 23.3% in June; is DOWN 11.9% YTD and has a Dividend Yield of 8.6%.
   • The company has a 45% stake in Cronos Group Inc. (CRON) which is DOWN 28.1% YTD and pays out no dividend.

In total,

• the munKNEE Conservative Cannabis Stocks Index was:
  • DOWN 6.6% in June
  • remains DOWN 3.4% YTD
  • and has an average dividend yield of 3.2%. 

To put things in perspective,

• the Pure-Play American MSO Pot Stock Index and the Pure-Play Canadian LP Pot Stock Index were:
  • only DOWN 23.4%, on average, in June,
  • are DOWN 57.7%, on average, YTD
  • and pay out no dividends.

That is why the Conservative Cannabis Stocks Index is called "conservative".