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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks
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From: kidl5/2/2019 11:24:12 AM
1 Recommendation

Recommended By
jaubin

  Read Replies (1) of 49402
 
ENW ... 5i Reasearch note lifted off SH. Warrant holders will like this even though it's not anything warrant holders hadn't figured out long ago. LOL

5iResearch also recently provided an assessment on both the company and the warrants. They were pleased to see the $10M investment from Aurora which moves ENW firmly into the cannabis space. They are expected to be profitable and have $45M in sales this year while CF and the balance sheet have improved and insiders own 6%.

As for the wts, they are normally reluctant to recommend them because of their risk. That said, looking at the potential and momentum of ENW together with the lengthy time before expiry, they did concede that this is one of the more attractive opportunities within the wt space. GLTA


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