October Recap: Conservative Cannabis Category Outpaced S&P 500

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The munKNEE Conservative Cannabis Stocks Index consists of 5 tobacco companies and 1 liquor company that are significantly invested in the cannabis industry. The Index outpaced the S&P 500 as of October 28th*, 9.5% vs. 8.7%, with all 6 constituents advancing, and is now DOWN just 1.1% YTD. Below is the performance of the constituents, in descending order.

  1. Imperial Brands(IMBBYwas UP 19.5% in October* and has a Dividend Yield of 7.15%.
    • The company has a 19.9% stake in Auxly Cannabis Group Inc. (CBWTF).
  2. Altria Group (MO) was UP 14.7% in October* and has a Dividend Yield of 8.12%.
    • The company has a 45% stake in Cronos Group Inc. (CRON).
  3. British American Tobacco (BTI) was UP 12.1% in October* and has a Dividend Yield of 7.05%.
    • The company has a C$221M investment and product development partnership with Organigram Holdings Inc. (OGI).
  4. Anheuser-Busch (BUD) was UP 11.5% in October* and has a Dividend Yield of 1.05%.
    • The company has a $100 million joint venture with Tilray Inc. (TLRY).
  5. Constellation Brands(STZ) was UP 7.6% in October* and has a Dividend Yield of 1.30%.
    • The company has a 39% stake in Canopy Growth Corporation  (CGC).
  6. Molson Coors (TAP) was UP 6.5% in October* and has a Dividend Yield of 2.90%.
    • The company has a 57.5%/42.5% joint venture, called TRUSS, with Hexo Corp. (HEXO) which was Unchanged in price in October.

In summary, the Conservative Cannabis Stocks Index was UP a record 9.5% in October* compared to going DOWN 11.0% in September and is now only DOWN 1.1% YTD. Its constituents have an average Dividend Yield of 2.95% which is up from an average of 2.8% in September.

The Index is referred to as "conservative" as:

and none of the constituents in the above indices pay out any dividends.

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