Our Conservative "Cannabis" Index Is Down 1.3% YTD

The munKNEE Conservative Cannabis Stocks Index consists of 3 tobacco companies, 2 beer companies, and 1 liquor company that are significantly invested in the cannabis industry, and below is the performance of the constituents of the index YTD (as of February 28th), in descending order.

  1. Molson Coors (TAP): UP 3.5% YTD
    • has a 57.5%/42.5% joint venture, called TRUSS, with Hexo Corp. (HEXO)
    • announced March 1st that it has declared a 7.9% increase in its quarterly dividend which will be payable March 17; for shareholders of record March 3; ex-div March 2.
    • now has a dividend yield of 3.1%
  2. British American Tobacco (BTI): UP 3.3% YTD
    • has a C$221M investment and product development partnership with Organigram Holdings Inc. (OGI)
    • has a US$56.8 million investment in Charlotte’s Web Holdings, Inc. (CWBHF) in the form of a convertible debenture, which if converted (at BTI's discretion) would equate to a 19.9% ownership position in the company
    • has a dividend yield of 6.9%
  3. Altria Group (MO): UP 1.8% YTD 
    • has a 45% stake in Cronos Group Inc. (CRON)
    • announced on March 1st that it has declared an increase in its quarterly dividend to $0.94  payable April 28; for shareholders of record March 24; ex-div March 23.
    • has a dividend yield of 8.1%
  4. Anheuser-Busch (BUD): UP 1.3% YTD
    • has a $100 million joint venture with Tilray Inc. (TLRY)
    • has a dividend yield of 0.9%
  5. Imperial Brands (IMBBY): DOWN 2.6% YTD
    • has a 19.9% stake in Auxly Cannabis Group Inc. (CBWTF)
    • has a dividend yield of 9.8%
  6. Constellation Brands (STZ): DOWN 3.1% YTD
    • has a 39% stake in Canopy Growth Corporation  (CGC)
    • has a dividend yield of 1.4%

In summary, the Conservative Cannabis Stocks Index is DOWN 1.3% YTD and its constituents currently have an average dividend yield of 3.3%.

More By This Author:

Update: SciSparc To Spin Off Pharmaceutical Activities Into New Subsidiary
February Momentum Report For The 5 Major Canadian Cannabis LP Stocks
Green Thumb's Q4 Financials Were Absolutely Dismal

Visit  munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.