Tuesday, February 13, 2018
Cannabis Stock Update: Let's Toke Business - Week of February 9th
Cannabis Stock Update:
Let's Toke Business - Week of February 9th
Enterprise Group
(TSX: $E.TO) Named Lead Sponsor for Let's Toke Business: The Commerce of
Cannabis
by Ted Ohashi MBA, CFA
February 13, 2018 (Investorideas.com Newswire) On February 7th, our Sponsor, Enterprise Group, Inc. [TSX: E] (a consolidator
of services to the energy sector) announced its Q4 and FY2017
numbers.
Key investment metrics evidencing ongoing growth:
·
Q42017
revenue $10.7m versus Q42016 at $8.3m
·
EBITDA
Q4/2017 $2.56m versus Q4/2016 $1.87m
·
Net
Income Q4/2017 $1.1m versus Q4/2016 loss ($9.9m)
·
EPS
Q4/2017 $0.02 versus Q4/2016 loss ($0.18)
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.
Throughout
2017, Enterprise has experienced a meaningful increase in activity from its
existing customers coupled with a substantial surge in new customers, which has
resulted in increased market share for its four business units. Management’s
efforts to streamline and maximize efficiencies have translated into improved
margins, positive cash-flow quarter after quarter and a strong return to
profitability.
Week Ended February 9, 2018
• Cannabis stock volatility
continues............................................................................................p2
• The price of cannabis around the
world....................................................................................p3
• Possible delay in legalization? We have our
doubts....................................................................p5
• Canadian Securities Administrators tighten cannabis disclosure rules........................................p6
• Aphria starts divesting U.S. assets to comply with
TSE...................................................................p6
• Aurora reports quarterly results and investment in Liquor Stores
N.A..........................................p6
• Health Canada eases security requirements for Licensed
Producers................................................p7
• British Columbia discloses further legalization
rules....................................................................p7
• Alan Brochstein’s New Cannabis Ventures reports second cross border
investment.....................p8
• Now new Licensed Producers approved this
week.....................................................................p8
Read: Complete
Report
Read this news in
full at http://www.investorideas.com/news/2018/cannabis/02132LetsTokeBusiness-TSXE.asp
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Additional info regarding
BC Residents and global Investors: Effective September 15 2008 - all BC
investors should review all OTC and Pink sheet listed companies for adherence
in new disclosure filings and filing appropriate documents with Sedar. Read for
more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of
each country
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