Cannabis Stock Update: Let's Toke Business - Week of March 2nd
Enterprise Group Named Lead Sponsor for Let's Toke Business: The Commerce of Cannabis.
by Ted Ohashi MBA, CFA
March 5, 2018 (Investorideas.com Newswire) Our Sponsor, Enterprise Group, Inc. [TSX: E] (a consolidator of services to the energy sector) was included in The Well Street Journal's resource metrics' chart for six Oil Field and Facility constrcution companies. Enterprise numbers were impressive including the lowest price/book at .04x ($0.37 vs. $0.85). Since the resource decline began in 2014-15, the Company has been cash flow positive, and a decisive return to profitability with Q4 2017 EPS of $0.02 and Q3 2017 EPS of $0.01. The Company is pleased with the activity in the first part of Q1 2018.
From Jan 29th Well Street: "Companies are moving from inward-looking cost-cutting measures to seeking growth in an improving market. If you're selling, make sure you differentiate yourself. Those with proprietary products and services will fare better in 2018 than the so-called 'me-too' businesses. Buyers will be looking for stand-out companies that have achieved differentiation, strong management teams and a broad customer base".
Week Ended March 2nd, 2018
- Ted Ohashi's recent articles on Seeking Alpha..........p2
- Cannabis stocks adrift on an ebb tide..........p2
- Do cannabis stocks care what the Dow is doing?..........p5
- Maricann has a tough week..........p5
- Aurora joins the line at Shoppers Drug..........p5
- ABcann closes $75 million bought deal financing..........p6
- Cronos leads the way to a Nasdaq listing..........p6
- Lexaria deal with Biolog paves the way for major inroads into the edibles market..........p6
- In New Cannabis Ventures, Alan Brochstein reviews cannabis stock performance..........p7
- Emerald Health JV License with Village Farms approved..........p8
Read: Complete Report
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