Investorideas.com - Cannabis Stock Update: Let's Toke Business - Week of March 23th
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 itself 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 23rd 2018
- Ted Ohashi's recent articles on Seeking Alpha..........p2
- Cannabis market sent lower by shoddy CBC reporting..........p2
- International trends in cannabis: Part III Middle East and
Australasia..........p3
- CBC News causes some investors to lose money
unnecessarily..........p4
- Health Canada defines cannabis advertising rules..........p5
- What the Rohrabacher-Blumenauer amendment means to you..........p6
- How Rohrabacher-Blumenauer benefits Sunniva..........p6
- Lexaria receives Notice of Allowance from the U.S. providing for
"Composition of matter"..........p6
- WEED not tring to acquire Alcaliber..........p6
- Supreme Cannabis to import cannabis oil from Lesotho..........p6
- Muskoka Growth in Ontario becomes Licensed Producer #94..........p7
- Complete text of 'Sunniva: If You Like It, Buy It Now; If You Don't
Like It, Buy It Now Anyway'..........p9
