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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. Specifically, those investments are in companies from our list of major Canadian cannabis LPs.

Below is the performance of the constituents in the index last week, in descending order, and during the month of September.

1. Imperial Brands (IMBBY) was UP 1.1% last week; was DOWN 5.7% in September; 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, was DOWN 10.5% in September, and pays out no dividend.
2. Molson Coors (TAP) was UP 0.7% last week, was DOWN 7.2% in September, 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 in price last week, was DOWN 10.5% in September, and pays out no dividend.
3. Constellation Brands (STZ) was DOWN 0.7% last week, was DOWN 6.2% in September, and has a Dividend Yield of 1.3%.
   • The company has a 39% stake in Canopy Growth Corporation (CGC) which was DOWN 3.9% last week, was DOWN 21.1% in September, and pays out no dividend.
4. Altria Group (MO) was DOWN 3.1% last week, was DOWN 10.3% in September, and has a Dividend Yield of 8.3%.
   • The company has a 45% stake in Cronos Group Inc. (CRON) which was DOWN 1.4% last week, was DOWN 5.1% in September, and pays out no dividend.
5. Anheuser-Busch (BUD) was DOWN 3.2% last week; was DOWN 5.7% in September;, and has a Dividend Yield of 1.1%.
   • The company has a $100 million joint venture with Tilray Inc. (TLRY) which was UP 1.5% last week, was DOWN 17.9% in September, and pays out no dividend.
6. British American Tobacco (BTI) was DOWN 3.5% last week, was DOWN 10.5% in September, 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 DOWN 1.1% last week, was DOWN 14.6% in September, and pays out no dividend.

In summary, the Conservative Cannabis Stocks Index was DOWN 1.2% last week, DOWN 11.0% in September, DOWN 13.6% YTD and has an average Dividend Yield of 2.8% as compared to the constituents in the Canadian Cannabis LP Index which was DOWN 0.1% last week, DOWN 15.5% in September and DOWN 61.2% YTD.

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