March Recap: Conservative "Cannabis" Stocks Up 7%
Photo by Jason Briscoe on Unsplash
The 5 tobacco, beer, and distiller/vintner companies with major investments in the cannabis sector, constituents in the munKNEE Conservative "Cannabis" Stocks Index, are ranked below as to their performances in March, in descending order, and YTD:
Conservative "Cannabis" Stocks Index
- Constellation Brands (STZ): UP 9.4% in March; UP 12.4% YTD
- has a 39% stake in Canopy Growth (CGC)
- dividend yield: 1.3%
- latest news, commentary and/or analysis:
- Altria Group (MO): UP 6.7% in March; UP 8.1% YTD
- has a 45% stake in Cronos Group (CRON)
- dividend yield: 9.0%
- latest news, commentary and/or analysis:
- Imperial Brands (IMBBY): UP 4.1% in March; DOWN 3.0% YTD
- has a 19.9% stake in Auxly Cannabis Group (CBWTF)
- dividend yield: 8.2%
- latest news, commentary and/or analysis:
- British American Tobacco (BTI): UP 2.0% in March; UP 4.1% YTD
- has a C$346M product development partnership with Organigram Holdings (OGI)
- dividend yield: 9.6%
- latest news, commentary and/or analysis:
- Anheuser-Busch InBev (BUD): UP 0.6% in March; DOWN 5.9% YTD
- has a $100 million joint venture with Tilray (TLRY)
- dividend yield: 1.4%
- latest news, commentary and/or analysis:
Summary
The munKNEE Conservative "Cannabis" Stocks Index was UP 6.9% in March and is now UP 7.5% YTD. In addition, the stocks in the Index now have an average dividend yield of 3.0%.
More By This Author:
March Recap: 7 Largest American Cannabis MSOs Up 19%, On Average
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Disclosure: None
This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...
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