Conservative “Cannabis” Stocks Portfolio Down 3% In April

An original article by Lorimer Wilson, Founder and Managing Editor of munKNEE.com – a site for sore eyes and inquisitive minds and your KEY to making money – which was first posted on TalkMarkets.com under the title “April Recap: Conservative “Cannabis” Stocks Portfolio Down 3%” with 839 pageviews to date.

The 5 tobacco, beer, and distiller/vintner companies with major investments in the cannabis sector, constituents in the munKNEE Conservative “Cannabis” Stocks Portfolio, are ranked below as to their performances last week, in descending order, and so far in April, their ownership in major cannabis stocks, their dividend yields and the latest news, commentary and/or analysis, where available.

Conservative “Cannabis” Stocks Portfolio

1. Anheuser-Busch InBev (BUD): UP 3.4% last week; DOWN 1.3% MTD in April
   • has a $100 million joint venture with Tilray (TLRY)
   • dividend yield: 1.4%
   • latest news, commentary and/or analysis:
     • Corona Announces Global Partnership with Tripadvisor
2. Imperial Brands (IMBBY): UP 3.2% last week; UP 2.2% MTD
   • has a 19.9% stake in Auxly Cannabis Group (CBWTF)
   • dividend yield: 8.0%
   • latest news, commentary and/or analysis:
     • Higher tobacco prices to drive profit rise at Imperial Brands
3. Altria Group (MO): UP 3.1% last week; DOWN 0.6% MTD
   • has a 45% stake in Cronos Group (CRON)
   • dividend yield: 9.0%
   • latest news, commentary and/or analysis:
     • Altria Reports 2024 First-Quarter Results; Reaffirms Full-Year Guidance
4. British American Tobacco (BTI): UP 0.7% last week; DOWN 4.1% MTD 
   • has a C$346M product development partnership with Organigram Holdings (OGI)
   • dividend yield: 10.0%
   • latest news, commentary and/or analysis:
5. Constellation Brands (STZ): DOWN  0.3% last week; DOWN 4.3% MTD 
   • has a 39% stake in Canopy Growth (CGC)
   • dividend yield: 1.6%
   • latest news, commentary and/or analysis:
     • Constellation Brands distances itself from cannabis company Canopy Growth
       • Constellation intends to convert its stake in Canopy to a new category of shares that do not give voting power or the ability to collect payments from the company and will no longer have representation on Canopy’s board to eliminate the impact to their equity in earnings and do not intend to deploy additional investment in Canopy going forward.

Summary

The munKNEE Conservative “Cannabis” Stocks Portfolio was UP 0.7% last week but was DOWN 3.1% in April (as of April 26th) and is now UP 4.1% YTD. In addition, the stocks in the Index now have an average dividend yield of 3.3%.