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Net loss and cash burn are two different things.
Cash burn wasn’t $13M. Cash used I think was about $6M.
Thanks - I will definitely watch it. Hopefully, there will some good info from Meni.
Meni needs to put every dollar into moving into the U.S. - other than cannmart labs. Canada has proven it can’t sell cannabis. By putting Health Canada in charge who would prefer to not sell 1 gram of cannabis, the fate was sealed. Then both large provinces (Ontario and Quebec) had brutal rollouts. Time to move on from Canada and get a solid U.S. plan which will impact the share price. If the senate races in Georgia didn’t flip to the dems, Namaste would have been in bad shape. Meni will keep pushing - his 7 or 8 million shares from the Findify buyout come due I think in Feb 2022. He sold Findify to dipsh#t Sean for $12M. Findify is really worth about $1.5M. At least he will have plenty of money for expansion. It’s up to him to make it work when it is time to move.
I’m not going anywhere. Still have a bunch of shares. It is just starting to get interesting. U.S. opening up should be really good for the Namaste platform. Hope for the license soon if not today.
Scotchlover - having a tough morning?
Meni should have got this done with Choklat. Brad is a pain in the ass but Meni screwed up not making it work. That is a huge miss.
I’m sure your thrilled with what is going on since Meni took over. Cannmart looking good - always stocked to the max? Edibles maybe in the next year. Everything all good.
I forgot one great Meni sales job - he sold Findify to the 2 dipsh*ts (Sean D & Kory Z) for $11M. Come to find out, Findify isn’t even worth $1M. Should dump Findify, then turn around and pay them $1,000 for 1 year of their fine service. What a revenue generating business that is. I just pray Meni and team have something in the works that they want to issue shares for. Not sure that is the case but we can hope.
What has the BOD really done to make you feel they are totally engaged? Buy a ton of shares on the open market - think not. Meni is not aggressive or a sales guy. He is a smart guy who is process driven. He is under-rated because he hasn’t done anything major. He has time but not as much as he thinks.
Usually when a stock craters like it has for medif, there is change at the top. Pat and/or Keith strategy and execution has been terrible. About time for the board to get moving. Valens is 3 times higher price than medif. The companies they have partnered with have been terribly weak.
Your only as good as your stock price. These guys are extremely overrated and they shouldnt be in this situation. The number of employees is obscene. They act like they are a $1B company instead of an actual $50M company. Check out how many they list under mgmt team on the website 26. Pat and Keith run around patting each other on the back - great place to work.... horrible place to invest. I own way too much of this crap. Hopefully, they turn it around in the 2nd half.
How generous - the stock tanks and then they take options based on that ridiculous price. Meni is on the 5 year plan - problem is they don’t have anything close to 5 years to sell a lot more cannabis. They still don’t have edibles for sale yet. Can’t make this stuff up.
A whole lot of nothing for sure. Why make a big deal of this?
A lot of people want a lower price or just don’t get the concept of how this company can help people. They have one smart guy that understands this business. Keep bashing away but this company will do very well over time.
I’m sure Brad is not good to deal with and is unreasonable. He doesn’t care about Namaste at all - other than hitting them up for money. He is not an Namaste shareholder and only cares about Choklat. He is a lot of talk so not sure he will really end up selling a ton. I hope he does for Namaste shareholders. Only wish Meni would called this earlier and got edibles rolling in Cannmart with someone else.
Agree on findify - growth rate is weak. Might as well sell it off. Need to announce Choklat sales shortly. Not sure why they haven’t figured it out yet.
On annual report Cannbit is listed as only a value of $1,589,524 with 400,933 shares. Sounds low if Namaste really owns 10%.
On annual report Cannbit is listed as only a value of $1,589,524 with 400,933 shares. Sounds low if Namaste really owns 10%.
Fact is - stock price will go way up because sales are going way up.
That is exactly what happened. Get the shares out of weak hands.
Going to have catch its breath sometime but this run is strong.
Can someone explain why they have don’t have Choklat edibles in Cannmart? It is ridiculous how long it takes Meni and gang to get things going.
The reason it is so high right now - there is huge demand for the stock. There really is no limit - especially when Dr McIntyre is running it now. Just need to beef up the BOD a tad.
Picked the wrong one did you? Time will tell I guess.
You don’t need to halt your stock for a bought deal. They need to slow their roll as shares are starting to climb. Hope Roger knows how to get some revenue rolling. Smart guy obviously but hopefully he is a great businessman.
They are very differentiated. Value at $.20 is the difference. Time will tell.
Even worse is why in the hell don’t they have the packaging for Choklat. That is ridiculous. There is hardly any inventory on Cannmart. This is a huge opportunity to get new customers and they aren’t taking advantage of it.
Another rousing note from Meni. He couldn’t be any more depressing with his tone. Delays after delays. Can Meni drive sales. Makes you wonder.
Unreal - I hope they would have been ready without CV. Not sure that would have been the case however.
Please stop with all the drama. Carnage - really.
No kidding but Namaste down -28% when other ones down considerably less.
If this the case and Namaste owns 49% of this - why is the stock continuing to get hammered.
Potter - I agree with your summary. There will be more short attacks down the road but it has held up so far today. We have lived through the Sean D. days so we both have some experience with this. Good Luck.
Obviously with Hindenburg or the shorters.
That is a great idea - use it for baking, in your coffee/tea etc..
The issue is he owns a private company and he is the majority. Meni can only make suggestions - Brad will do whatever he wants. Can’t argue with him on getting things done but he is a little harsh at times. Hopefully, he will concentrate on all the volume he needs to produce.
Plus as an added bonus we don’t have updowntrader on the board any longer.
I don’t get it. Never heard of closing for 6 days during a good time to deliver some cannabis. Somebody over there needs to get a sense of urgency.
How many online sites close for 6 days over the holidays? Seriously - I cant believe that Meni would allow that. Is that normal in Canada?