E The Conservative Pot Stock Index Continued To Outperform In April

Cannabis stocks are very volatile with major ups and downs in their stock prices but if you were to invest in one of the 8 major consumer and pharmaceutical companies that have bought into marijuana companies you could reduce such volatility by more than 50%.

Our new munKNEE Conservative Pot Stock Index tracks the performance of those 8 stocks, and we compare them with their associated cannabis stocks and with Canadian Licensed Producers, American Multi-State Operators, Ancillary Pot Stocks, and Cannabis-Centric Bio-Pharmaceutical Stocks. The performance of the constituents of the Index and that of their marijuana partner in April were as follows, in descending order, with their performance YTD in brackets:

  1. Anheuser-Busch InBev SA (NYSE: BUD): +12.1% in April; (+1.5% YTD); Beta: 1.53
    • has a $100 million joint venture with Tilray Inc.  (Nasdaq:  TLRY): -16.9%; (+120.8%); Beta: 2.79
  2. Alimentation Couche-Tard Inc. (ANCUF): +7.4%; (-0.7%); Beta: 0.93
    • has a 9.9% ownership in Fire & Flower Holdings Corp.  (FFLWF): +3.4%; (+33.8%); Beta: 2.39, with the potential to increase to  50.1%.
  3. Molson Coors Brewing Company (NYSE: TAP): +7.0%; (+21.6%); Beta: 1.11
    • has a 57.5%/42.5% joint venture, called TRUSS, with Hexo Corp. (NYSE: HEXO): +6.0%; (+1.1%); Beta: 1.74
  4. Constellation Brands Inc. (NYSE: STZ): +2.1%; (+10.1%); Beta: 1.20
    • owns 39% of Canopy Growth Corporation  (NYSE: CGC):  -16.1%; (+9.4%); Beta: 2.15 and if it exercises its warrants and converts its notes will own 55% of Canopy Growth shares.
  5. Imperial (Tobacco) Brands PLC (IMBBY): +0.5%; (+1.5%); Beta: 0.88
    • has a 19.9% stake in Auxly Cannabis Group Inc. (CBWTF): N/C in April; (+55.0%); Beta: 0.74
  6. Novartis AG (NYSE: NVS): -2.5%; (-6.3%); Beta: 0.51
    • has a global agreement with Tilray Inc. (Nasdaq: TLRY): -16.9%; (+120.8%); Beta: 2.79 allowing it to use the Sandoz supply chain, sales force, and global distribution network.
  7. British American Tobacco (BTI): -4.8%; (+2.0%); Beta: 0.86 
    • has a C$221M investment and product development partnership with Organigram Holdings Inc. (OGI): -24.0%; (+100.0%); Beta: 0.99
  8. Altria Group, Inc. (NYSE: MO): -9.0%; (+18.5%); Beta: 0.64
    • has a 45% stake in Cronos Group Inc. (Nasdaq: CRON): -12.4%; (+17.3%); Beta: 1.73
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