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Cannabis Stock Update: Let's Toke Business - Week of March 16th

Enterprise Group Named Lead Sponsor for Let's Toke Business: The Commerce of Cannabis.


by Ted Ohashi MBA, CFA

 

March 19, 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.

Enterprise Group Named Lead Sponsor for Let's Toke Business: The Commerce of Cannabis.

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 16th, 2018

  • Ted Ohashi's recent articles on Seeking Alpha..........p2
  • Cannabis stocks waffle but Canadian Cannabis Composite Index records advance..........p2
  • International trends in cannabis: Part II Europe..........p4
  • Aurora closes CMED acquisition while analysts abandon the stock..........p5
  • Hydropothecary signs agreement with Segra..........p5
  • Invictus signs Gene Simmons of KISS for $16 millino in cash and stock..........p5
  • CannMart/Namaste get Health Canada license but permission to sell still off in the future..........p6
  • New Cannabis Ventures reports trends in California licensing..........p6
  • Two new Licensed Producers approved this week..........p6

Read: Complete Report


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