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I think they are bouncing off the bottom now, but problem is-unless they have markets in the U.S., or medical exposure, there are no revenues to speak of. That is the case with Abattis. Hard to put a value on it.
Hopefully they can get the same arrangement when they come out with CBD edibles, and THC products in legal states
Agree with all you say Bidness. I think with government acceptance along with mainstream's overwhelming support the industry will flourish. BUT it will take time, so check back in 6 months and you will be happy. Check the price every day and you will get frustrated. Take your pick.
Banks won't touch the MJ industry until the Feds give approval to states to self regulate, then watch out! Banks will be fighting for MJ business. Until then it is toxic financing with most MJ stocks.
The quarterly should be coming out in May. It would be nice to see if Abattis is actually bringing in any revenue. I was told the vaporizor revenue will appear. So many acquisitions with little to show for it.
I wonder if Namaste will enter the U.S. market once the Feds officially back off the states right to regulate themselves.
That is great news! Hopefully Trump will keep his word
Just out. Adding credibility to MJ industry.
Republican House Speaker John Boehner joins the advisory board of U.S. cannabis producer Acreage Holdings.
Hopefully entry point won't matter in a couple of months. Would sure like to see some sort of revenues made public
I agree. Although the infrastructure is in place, No earnings to show, no quarterlies filed. It's almost as their positioned for sale to a bigger company needing what they have in place. Nice pop today though. As they say " a strong wind fills all sails"
And correct me if I am wrong, but Namaste does not have U.S. exposure simply because the Lunatics running the show are so volatile.
Think of all us baby boomers that used to get high are now dealing with aches and pains so CBD makes perfectly good sense to us. I have been using POTN products for some time now. My kids use it to help them sleep, and word is getting out to our friends. Even our pit bull uses CBD for his hips
I was referring to the MJ market in general. but in this case great news and it retreats from up.18 to .07. Yeah an anchor, but do appreciate your thoughts, and yes I will be glad for a 1% increase daily going forward.
Man, there seems to be an anchor around the neck of this sector! Hopefully April things will start perking up.
Absolutely. There are $30-40 share price companies out there with losses, but exponential growth because they are investing in themselves with conviction.
A nice article out on Namaste.
Namaste Stock Forecast: Marijuana Tech Producer in Strong Position
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namaste technologies stock.
iStock.com/vlastas
Namaste Technologies Stock
It’s sometimes easy to overlook all the different components of the marijuana industry. Of course there’s cannabis production and sales; those sectors are firmly on the public radar. But what about the ancillary products, like vaporizers and other marijuana paraphernalia? Companies that are in the business of producing those products also stand to see impressive growth as the industry matures.
And that brings us to Namaste Technologies Inc (OTCMKTS:NXTTF, CNSX:N). Namaste Technologies stock is looking to capitalize on the marijuana tech market, and that may be a winning strategy. The company sells what it calls “cannabis delivery systems”… in other words, tools you use to smoke pot.
Jargon aside, Namaste claims to be the largest online retailer in the world when it comes to marijuana tool distribution. It sells vaporizers and smoking accessories and currently has 24 sites working in 20 countries and distribution centers around the world, including in Europe and Australia, two burgeoning marijuana markets. (Source: “Namaste Announces February 2018 Sales of C$1.37M Representing a 146% Year-Over-Year Increase and Provides Update on NamasteMD,” Nasdaq, March 7, 2018.)
Namaste is also looking to expand into the medical marijuana game, having purchased Cannmart Inc. with the intent of beginning to sell medical cannabis through its online channels.
With the basics out of the way, let’s cover the news and why Namaste Technologies stock may be in for a healthy dose of growth in the near future.
The stock price is down several percentage points as of this writing, but overall it is up about 12% since last week.
The company announced on March 7 that its net revenue for February was CA$1,370,442, which amounts to a whopping 146% increase over February 2017. (Source: Ibid.)
Namaste also stated that February is typically a slower month for sales, so this batch of positive numbers was especially welcome.
Chart courtesy of StockCharts.com
The company also performed a soft launch of its app, “NamasteMD.”
“With the Cannmart license pending approval, we are very encouraged to see our hardware business growing, which should have a direct impact on our ability to expand our e-commerce platform to include the sale of cannabis products and shift our focus on aggressive acquisition of patients via NamasteMD,” said Sean Dollinger, President and CEO of Namaste.
Dollinger added, “Our ability to provide patients with an all-inclusive e-commerce marketplace of cannabis products and services in the near term should serve to significantly increase our market share moving forward.”
Namaste Technologies Stock Forecast
With its announcement of very positive growth in February, alongside its expansion into the medical marijuana market, Namaste Technologies could be in a very good position to see strong growth. If the company is able to quickly establish itself as a player in the medical marijuana field, expect to see Namaste Technologies stock jump as a result.
Furthermore, Namaste has ties to one of the stronger players in the legal marijuana market right now: Aurora Cannabis Inc (OTCMKTS:ACBFF, TSE:ACB).
Namaste Technologies struck a partnership with Aurora Cannabis so that the second-largest company in the marijuana industry by market cap exclusively receives its vaporizers from Namaste. (Source: “Aurora Cannabis and Namaste Technologies Announce Start of Vaporizer Sales through Aurora Website,” Cision, November 7, 2018.)
“We’re offering our clients new options and a broader range of products, in response to customer demand,” said Terry Booth, CEO of Aurora. “Our collaboration with Namaste, the technology leader in this segment, ensures our patients receive the best possible customer experience, in line with the Aurora Standard.”
Booth further said, “Going forward, we look to further enhance the offering with Namaste, positioning us for the increasing demand we anticipate both from the rapidly-growing medical market and, once legalized, the consumer market.”
Tying yourself to the Aurora mast is not a bad move, with ACB stock being one of the strongest performers in recent months and a stock that I am quite bullish on.
Analyst Take
Namaste Technologies stock is down by nearly 40% following the massive correction that the marijuana industry experienced over the last month. While that may scare some investors, it’s worth noting that, over the past three months, the company is still up nearly 100%.
For those interested in getting involved with Namaste Technologies, right now might be the perfect time to strike.
With the marijuana slump seemingly in its death throes, many companies that took severe hits in February are likely going to rebound, with investors being interested while prices are low.
Whether Namaste Technologies stock will be one of the stronger beneficiaries of this rebound, I ultimately believe that there is value in the company.
Between its niche as a marijuana paraphernalia provider, along with its interest in expanding into the medical marijuana game, the future looks bright for Namaste Technologies.
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With the introduction of the Mexico and Brazil team members and being in Mexico for the telecast do you think the big news tomorrow AM is connected with that market? Anticipation!!!
I went online and saw an extensive product list, but no capabilities to buy on line. Am I missing something?
Agreed. They have been in South Korea through GD Pharmacy since October, Vergence website since Sept., and Green Tree since Dec. so should have some type of sales figures coming out. I don't expect a lot, but something to verify the $ spent on these product lines.
Emerald and Village Farms
Under the terms of the agreement, Emerald Health becomes the majority shareholder in Northern Vine. In acquiring this majority interest, Emerald Health adds to its integrated portfolio that includes its recent joint venture with Village Farms International to retrofit a 1.1 million square foot, high-quality, low-cost production facility in Delta, BC to grow cannabis. Upon completion of full licensing and greenhouse conversion, the facility is expected to yield more than 75,000 kg of product annually.
I am a bit confused on this one too. I thought Emerald would provide the MJ from their grow operation as they have partnered with ATTBF on the lab. Made sense, but this? I am sure they have a master plan, but it is frustrating just knowing bits and pieces of that plan.
Hi gang,
Here is the Wall Street Alert for ATTBF
________________________________________
BARCHART UPGRADES + TOP REASONS WHY ATTBF DEMANDS YOUR ATTENTION TODAY
Abattis Bioceuticals Corp.
USA: ATTBF | Canada: ATT | Germany: 115:GR
Last Price: .3164 | Website | SEC Filings | Latest News
This week's profile on ATTBF continued it's northern march yesterday to close at .3164 with highs of .3257 - representing a healthy 33% GAIN since Tuesday morning.
If you've been following, this has been another Landmark Week for this growing Cannabis Company.
ATTBF is a life sciences and biotechnology company which aggregates, integrates and invests in Cannabis technologies and biotechnology services for the legal Cannabis industry developing in Canada.
Unique to these markets, ATTBF represents a unique opportunity that marries both the Cryptocurrency and Cannabis industries - two of the Hottest Industries of the new milennium.
But that's just the tip of the iceburg! The company has been operating in rapid growth mode over the last few months with mutiple key acquisitions to increase it's diverisification and product offering.
9 REASONS WHY ATTBF MUST BE ON YOUR SCREEN TODAY:
1. CANNABIS INDUSTRY: The Legal Marijuana Sector continues to rapidly grow and may reach a fever pitch as we approach the November 2018 Midterm Elections when New US States may legalize and this August, when Canada legalizes weed. Canada’s Cannabis industry is expected to surpass $22 BIL
2. CRYPTOCURRENCY GROWTH: The company's Acquisition in CannaNUMUS Blockchain Inc. - puts them in line with other Cannabis CryptoCurrencies that have seen tremendous gains like...
- CANN (CannabisCoin): 20,000%+ GAINS + $5.5 MIL Market Cap,
- POT (PotCoin) 3,300%+ GAINS + $35 MIL Market Cap
- THC (HempCoin) 114,000%+ Gain + $28 MIL Market Cap
3. BLOCKCHAIN GROWTH: The company already hit two major milestones with it's CryptoCurrency by bringing Cannabis companies, Active Health Products Inc. and Gabriola Green Farms into it's Blockchain portfolio.
4. LAB LICENSE: Through Northern Vine Labs™, they owns one of the few Premiere Health Canada-approved testing labs with a Controlled Substance License to formulate, test and develop Cannabis derivatives and related products through formulation and patented technologies.
5. BEER ACQUISITION: The company has jumped into the growing Craft Beer space with the recent development of a line of cannabinoid-rich, hemp-infused, THC-free CRAFT BEERS!
6. VAPORIZER ACQUISITION: The company continued it's Growth Agenda with a Definitive Agreement to Acquire Green Tree Therapeutics, giving them access to the company's popular line of Vaporizers, already sold across North America - a growing $3.7 BIL Market.
7. THIS WEEKS ACQUISITION: Tuesday's Breaking Acquisition News now essentially makes them a "Full Service Cannabis" Entity with a 90% stake in Gabriola Green Farms - a Grower/Cultivater
8. BOUNCE CHART: After Bouncing off the 200 Day Moving Average, we now have 2 straight days of accumulation. Our MACD indicator recently saw a Line & Signal Cross, indicating a BULLISH Divergence.
9. BARCHART "BUY" UPGRADE: Technical Analysis site, Up Time Technology has detected a possible fraud attempt from "click.icptrack.com" claiming to be Barchart.com, recently Upgraded ATTBF from a SELL to 32% BUY.
THE BOTTOM LINE
With initiatives in Cannabinoid-Infused Beer, it's Vaporizer Acquisition, and it's core business of Cannabis Lab Testing, Product Development, and more - - ATTBF is truly the "Jack of All Trades" of the Cannabis Sector!
Make sure you put ATTBF at the top of your radar again today and Follow on Twitter for all the Updates + Play-by-Play!
Good Trading,
Xavier Wright
Editor | WallStreetAlerts.org
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Just ordered some gummies. Probably half their revenues are coming from Investors Hub!
Hopefully the MJ sector is bottoming out. I am also hopeful that the legalization process isn't delayed any further. I have more confidence in your government then the U.S. There isn't a Jeff Sessions type lurking about is there? LOL
Does this sound familiar. From WallStreetAlerts.org
________________________________________
HUGE NEW CANNABIS ALERT COMING
TOMORROW 2/27 @ 9:30 AM EST!
Dear Jim,
If you ask anyone on the Street what the 4 Hottest Up-and-Coming Sectors of the Market are, they would likely tell you: Cannabis, CryptoCurrency/Blockchain, BioTech, and Craft Beer.
1. Cannabis/Marijuana: More and more States are legalizing it for Medical & Recreational Use. The 2018 US Midterm Elections in November may bring Vermont, New Jersey, Michigan, Ohio and more into the mix while Canada is just MONTHS away!
2. CryptoCurrency/Blockchain: Bitcoin started the revolution and now Cryptos are seeing INSANE Gains and BlockChain Technology could now change the way the world looks at Accounting!
3. BioTech: This "Rags to Riches" Sector came Roaring back in 2017 to outpace the markets with 17% Overall Growth!
4. Craft Beer: Retail Sales grew by 10% and now represents 12.3% of the US Beer Market!
Now what if we told you there's a Stock out there that melds ALL FOUR of these Hot Industries trading for LESS than a Quarter? Intrigued?
Well it's coming! And it may be our BIGGEST CANNABIS ALERT Profile yet....
LET THE COUNTDOWN BEGIN!
We will be releasing a Brand New Cannabis Alert - TOMORROW @ 9:30 AM EST!
If you've been waiting to dive in to four of the HOTTEST Once-in-a-Lifetime Sectors, this is one profile you CAN NOT afford to miss!
MARK YOUR CALENDARS and make sure you're prepared to receive it ON TIME by following the instructions below (Text, Web Alert, Twitter)....
MAKE SURE YOU ARE PREPARED:
I am thinking about $4 million a month in sales by July at this pace
I am curious about the need to purchase a new grow operation. Doesn't Emerald have one of the largest grow operations in BC, and since they are partnering with Abattis on the lab, it would make sense they would provide the MJ. Am I missing something?
I don't like the idea of provinces creating monopolies, especially if we are on the outside looking in!
Looks like New York is going to legalize. Heard there will be a delay on legaization in Canada till August. Heard that over the radio.
Heard over the radio that legalization in Canada has been delayed. Anybody else hear that info. Friggin politics
Heard on the radio, legalization has been delayed for a bit to August. I guess most of us figured that would be the case. Politics.
There is a lot of sizzle and no steak to this company. They stated they were entering the Asian market as well as South Korea months ago, and no revenue? What about the vaporizers? There needs to be some sort of sales #s coming out.
Positive late day movement. Maybe something is cooking!
Anywhere 30-50 million totally reasonable with this kind of growth.
I am guessing each province will open up on a small provincial scale until bugs are worked out. Then when Canada itself is fully legalized,and each province has its infrastructure in place, then companies will be allowed to sell nationwide
With the winter Olympics going on in South Korea,it got me to wondering about the exclusive agreement to sell product there. They were to immediately start marketing so should be seeing some kind of results by now
If I was growing MJ, I would want to use a lab with credentials. Fast absorption oil, and pure as can be! Medical and recreational benefits are substantial.
Do we have our fingers in the Manitoba pie? First lab there then sweep west?
Manitoba 'cautiously optimistic' it will be ready for July 1 cannabis legalization: minister
CEO of Delta 9 Cannabis says Manitoba is 'ahead of the curve' on legalization
An interesting article on how the US landscape is viewed for MJ. This is from CannaRoyalty.
"The Notice clarifies the regulatory landscape for investors and is favourable for issuers with U.S. cannabis assets," said Marc Lustig, CEO of CannaRoyalty. "CannaRoyalty has taken a transparent and forthright approach since its public launch. Our view remains that the U.S. federal government does not intend to meaningfully alter the way that existing cannabis business is conducted within legal U.S. states and we applaud the disclosure-forward approach reiterated by the CSA today."
No kidding! The only green I saw today was MJ stocks. Taking a beating all around the past 2 weeks. Here's to brighter days ahead!