Image Source: DepositPhotosIf you would like to make an investment in the cannabis sector but are wary of the volatility it exhibits then consider the 5 tobacco, beer, and distiller/vintner companies that have major investments in the cannabis sector. Their stock performances are steady week after week – and month after month – and in the end actually outperform our American MSO and Canadian LP cannabis portfolios. Our Conservative “Cannabis” Stocks PortfolioBelow are how the 5 constituents in the portfolio performed in August, in descending order, along with their ownership in, and performance of, cannabis stocks, their dividend yields and the latest news, commentary and/or analysis, where available.
- has a 45% stake in Cronos Group (CRON)
- Cronos: DOWN 7.3% in August
- dividend yield: 7.59%
- latest news, commentary and/or analysis:
- Why Is Altria Group, the Best Dividend Aristocrat with Over 3% Yield?
- Is Altria‘s High-Yielding Dividend Still Safe?
- Altria Group Is a Trending Stock: Facts to Know Before Betting on It
- has a C$346M product development partnership with Organigram Holdings (OGI)
- Organigram: UP 10.1% in August
- dividend yield: 7.89%
- latest news, commentary and/or analysis:
- Are Investors Undervaluing British American Tobacco?
- Hedge Funds Are Bullish on British American Tobacco – Here’s Why
- British American Tobacco First Half 2024 Earnings: EPS Beats Expectations
- has a $100 million joint venture with Tilray (TLRY)
- Tilray: DOWN 15.8% in August
- dividend yield: 1.42%
- latest news, commentary and/or analysis:
- Why Hedge Funds Are Crazy About Anheuser-Busch InBev
- AB InBev’s “encouraging” first-half – key takeaways
- has a 19.9% stake in Auxly Cannabis Group (CBWTF)
- Auxly: N/C in August
- dividend yield: 6.54%
- latest news, commentary and/or analysis:
- Should Value Investors Buy Imperial Brands Stock?
- has a 39% stake in Canopy Growth (CGC)
- Canopy: DOWN 31.4% in August
- dividend yield: 1.68%
- latest news, commentary and/or analysis:
- Constellation Brands Is the Best Spirits Stock to Buy Now-Here’s Why
-
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
More By This Author:Our CyberSecurity Stocks Portfolio Went Up 15% In August
Our Cloud Computing SaaS Stocks Portfolio Went Up 4% In August
AI-Focused Drug Discovery Stocks Portfolio Down 8% In August; Down 6.7% Yesterday Alone!
