Cannabis Stock Update: Let's Toke Business - Week of January 12th
Enterprise Group Named Lead Sponsor for Let's Toke Business: The Commerce of Cannabis.
by Ted Ohashi MBA, CFA
January 15, 2018 (Investorideas.com Newswire) On January 8th Enterprise Group, Inc. ("Enterprise," or "the Company") [TSX: E], a consolidator of services to the energy sector announced that it had secured a one-year rental equipment supply and services agreement valued at C$9.1 million with one of Canada's largest energy producers, focused on growing its strong portfolio of diverse resource plays.
For context, this past week saw its shares rise to hit two new 52 week highs and settle the week up 10%. Daily trade volumes were also significantly higher.
Following the significant 2014-15 resource downturn, Enterprise and its four subsidiaries - unlike many peers - used the opportunity to streamline operations, deliver positive cashflow every quarter and return to profitability.
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