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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

2/14/20

Cannabis stocks are higher. Canadian marijuana giant, Canopy Growth (CGC) is up 20% after easily beating estimates. The earnings were helped by bigger store count and cost cuts, but the company continues to lose money. Sales did grow 49% to CC$123.7 million. Gross cash balance shrank to $2.3 billion from $2.7 billion, but Canopy is in a much better position than their cash strapped rivals.

Smile Direct Club (SDC) not smiling. The company that provides low-cost alternatives to teeth-straightening is down 9% today and down since coming public back in September. The company blames "organized dentistry" for trying to block thier progress, but there have been a number of complaints that the Smile Direct products don't work as advertised. NBC recently released a report that alleges the company has harmed clients.

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