Image Source: Unsplash

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

Below is the performance of the constituents last week, in descending order, as well as since the end of July, and YTD.

1. Imperial Brands (IMBBY) was UP 4.5% last week, is UP 4.9% since the end of July, is now UP 4.7% YTD, and has a Dividend Yield of 4.5%.
   • The company has a 19.9% stake in Auxly Cannabis Group Inc. (CBWTF) which was Unchanged last week, is DOWN 33.3% since the end of July, is now DOWN 71.4% YTD, and pays out no dividend.
2. Anheuser-Busch (BUD) was UP 4.2% last week, is DOWN 6.8% since the end of July, is now DOWN 17.6% YTD, and has a Dividend Yield of 1.1%.
   • The company has a $100 million joint venture with Tilray Inc. (TLRY) which was UP 1.2% last week, is DOWN 6.8% since the end of July, is now DOWN 51.6% YTD, and pays out no dividend.
3. British American Tobacco (BTI) was UP 2.5% last week, is UP 3.8% since the end of July, is now UP 8.7% YTD, and has a Dividend Yield of 7.3%.
   • The company has a C$221M investment and product development partnership with Organigram Holdings Inc. (OGI) which was UP 2.9% last week, is DOWN 0.9% since the end of July, and is now DOWN 39.4% YTD and pays out no dividend.
4. Altria Group (MO) was UP 1.3% last week, is UP 3.9% since the end of July, is now DOWN 1.7% YTD, and has a Dividend Yield of 8.3%.
   • The company has a 45% stake in Cronos Group Inc. (CRON) which was UP 7.1% last week, is UP 1.0% since the end of July but is still DOWN 18.9% YTD and pays out no dividend.
5. Molson Coors (TAP) was UP 0.9% last week, is DOWN 12.7% since the end of July, is now UP 12.6% YTD, and has a Dividend Yield of 2.9%.
   • The company has a 57.5%/42.5% joint venture, called TRUSS, with Hexo Corp. (HEXO) which was Unchanged last week, is UP 5.3% since the end of July but is still DOWN 71.4% YTD and pays out no dividend.
6. Constellation Brands (STZ) was UP 0.8% last week ending, is UP 0.2% since the end of July, is now DOWN 1.7% YTD, and has a Dividend Yield of 1.3%.
   • The company has a 39% stake in Canopy Growth Corporation  (CGC) which was UP 5.5% last week, is UP 38.8% since the end of July but is still DOWN 58.2% YTD and pays out no dividend.

In summary, the Conservative Cannabis Stocks Index was UP 1.5% last week, is DOWN 1.4% since the end of July, and is now DOWN 1.4% YTD and has an average Dividend Yield of 2.8%.

More By This Author:

Plant-Based Food Stocks Declined Again Last Week
Uptrend In Major U.S. Cannabis MSOs Faltered Last Week
8 Largest Psychedelic Stocks Dropped Almost 12% This Week