Update on CGC and SDC

Canopy Growth Corp (CGC) 
On Friday, 2/14, CGC released third-quarter financial results that surpassed expectations. CGC generated net revenue of $123.8 million and net loss of $124.2 million, or 35 cents per share which was much better than consensus estimates of $108.7 million revenue and a 50-cents per share. The shares were up more 13.37% on Friday. 

My View: Frankly, I never expected that Canopy' result will be so strong. It's difficult to conclude anything after seeing results for just one quarter. However, please note that it didn't have any of the Canada 2.0 products in it which went into sell in January. So, it's expected that the company may also have pretty good next quarter. In addition, this is a CASH RICH company with $2.3 billion cash. This is the biggest advantage. Hence, it's a BUY.

SmileDirectClub (SDC) 
The “teledentristy” company was included to my blog portfolio a couple of months ago. Last Friday, the company hit back at an NBC report that alleged the company has hurt some of its customers, causing broken teeth and nerve damage. This news sent its stock down $2.50, 16.31% on a heavy volume.

In a statement, the company said in a statement that "the report that ran on NBC Nightly News with Lester Holt Thursday and online failed to provide viewers with a balanced and fair story. The almost five-minute report and online story does not include one interview or statement from the more than 750,000 satisfied customers who have used our products to improve their lives, nor does it include a single interview with any of the hundreds of dentists who have publicly supported our technology".

My View: The company is expected to report its Q4 earning on Tuesday, 2/25.  The company is rapidly growing within U.S and internationally. I am hoping that this quarter should be a good but can't say unless earnings are released. I see this as an opportunity to Buy/Accumulate. As I sent  WhatsApp message to the group last Friday, I have added more shares.  

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