Cannabis Stock Update: Let's Toke Business - Week of February 23rd
Enterprise Group Named Lead Sponsor for Let's Toke Business: The Commerce of Cannabis.
by Ted Ohashi MBA, CFA
February 26, 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 February 23, 2018
- Cannabis stocks lower in a very quiet week..........p2
- Sunniva - an advanced peek at our update..........p3
- Constellation/Canopy developing new cannabis infused drinks..........p8
- Aurora appoints Vice President of Business Integration..........p8
- Treasury Secretary Mnuchin wants to provide banking for U.S. cannabis companies..........p8
- Approved Licensed Producers holds at 90..........p9
Read: Complete Report
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