Curaleaf Holdings Inc
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Health Care : Pharmaceuticals | Mid Cap Growth
Based in Canada
Company profile

Curaleaf Holdings, Inc., formerly known as Lead Ventures Inc, is a Canada-based vertically integrated cannabis operator in the United States. The Company is focused on research and development capabilities to distribute cannabis products. The Company operates in 23 states with 106 dispensaries, 23 cultivation sites and 30 processing sites. It provides service, selection, and accessibility across the medical and adult-use markets, as well as the cannabidiol (CBD) category through its Curaleaf Hemp brand. It owns and operates a number of dispensaries, cultivation sites and processing sites with a focus on limited license states, including Florida, Massachusetts, New Jersey and New York.

Closing Price
$12.14
Day's Change
0.6006 (5.20%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.20
Day's Low
11.53
Volume
(Heavy Day)
Volume:
829,604

10-day average volume:
534,970
829,604

SmileDirectClub stock drops after cyberattack and pandemic ding results

7:35 am ET August 10, 2021 (MarketWatch)
Print

By Wallace Witkowski

SmileDirectClub Inc. shares dropped in the extended session Monday after the teledentistry company's quarterly results and outlook came in worse than expected following an April cyberattack and the prolonged effects of COVID-19 on its customer base.

SmileDirectClub (SDC) shares fell 15% after hours, following a 1.9% decline in the regular session to close at $6.70. The stock was down as much premarket Tuesday.

The company reported a second-quarter loss of $16.9 million, or 14 cents a share, compared with a loss of $26.8 million, or 25 cents a share, in the year-ago period.

Revenue rose to $162.6 million from $94.4 million in the year-ago quarter.

Analysts surveyed by FactSet had forecast a loss of 9 cents a share on revenue of $198.5 million. Back in May, the company disclosed it had been the victim of a cyberattack (https://www.marketwatch.com/story/smiledirect-stock-drops-after-cybersecurity-incident-financial-repercussions-disclosed-11620077872) and that the incident would weigh upon revenue.

"The short-term headwinds from residual impacts of the April cyber-attack, the lasting economic effects from COVID on our target demographic and the slower scaling of some of our new international markets due to COVID prevented us from achieving our anticipated second-quarter results," said Kyle Wailes, SmileDirectClub chief financial officer, in a statement.

SmileDirectClub forecast revenue of $750 million to $800 million for the year, while analysts expect $833.5 million.

-Wallace Witkowski

	

(END) Dow Jones Newswires

August 10, 2021 07:35 ET (11:35 GMT)

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