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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

9/5/18

Cannabis stocks are taking off. Recent cannabis stock IPO, Tilray (TLRY) is up 16% today and up over 470% since its IPO less than two months ago. No news today, but the sector has been on fire. The largest publicly traded cannabis stock, Canopy Growth Corp (CGC) has been on fire since receiving a $4 billion investment from Constellation Brands. Canopy growth is up 100% in less than a month and was up 16% this morning before falling into the red. Cannabis stocks look like the bitcoin stocks from last fall.

Tech stocks taking it on the chin. Twitter (TWTR) is down 5%, Facebook is down 2.5% as executives from the firms testify to Congress regarding fake accounts and political election interference. Google (GOOG) is only down a percent as their executives skipped the Congressional testimony. Sounds like Microsoft back in the 1990s. Amazon, Netflix, Microsoft and even Apple are lower as well.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.