Cannabis Stock Update: Let's Toke Business - Week of March 9th
Enterprise Group Named Lead Sponsor for Let's Toke Business: The Commerce of Cannabis.
by Ted Ohashi MBA, CFA
March 12, 2018 (Investorideas.com Newswire) On March 6, our Sponsor, Enterprise Group, Inc. [TSX: E] (a consolidator of services to the resource and energy sector in Western Canada) announced that it had divested iteself of one of four subsidiaries, CT Underground for $21 million dollars. E shares are up 40% YTD and the Company is now debt free. Next step is to look for businesses that will continue and grow E's leadership in the industrial resource equipment rental market, initially in Western Canada.
The industrial rental market is expected to grow significantly into the 2020's. Enterprises shares have outperformed the markets Year-to-date. Shares are now trading at $0.435 up an impressive 40% since January 2nd 2018, and the S&P has taken a Trumping and is up only 4.25% YTD. Lots more to come.
Since the resource decline began in 2014-15, the Company has been cashflow 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.
Week Ended March 9th, 2018
- Ted Ohashi's recent articles on Seeking Alpha..........p2
- Expected bounce takes place and may continue..........p2
- International trends in cannabis: Part I..........p3
- Canopy battles to acquire Alcaliber..........p5
- We lower our rating on Emerald Health to sell..........p6
- WeedMD and Phivida made beverage deal looking a year of more into the future..........p6
- Will Bayer/Monsanto take over the cannabis industry?..........p6
- New Cannabis Ventures reports on guru Jeffrey Friedland charged by the SEC..........p7
- No new Licensed Producers approved this week..........p7
Read: Complete Report
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