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Cannabis Stock Update: Let's Toke Business - Week of February 9th

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

by Ted Ohashi MBA, CFA


February 13, 2018 ( 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.

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

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 conitnues..........p2
  • The price of cannabis around the world..........p3
  • Possible delay in legalization? We have our doubts..........p5
  • Cannadian 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 approves this week..........p8

Read: Complete Report

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