Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Vapes on BC store have not been completely restocked. Yet Cannmart seems to be maintaining "their" inventory. They maybe focused on their own clients first. There seems to a real shortage of oils and extracts for the market in general.
When we look at web traffic increasing along with notes on web page about having higher then normal sales. You have to hope that sales are truly UP.
My understanding of bounce rate is the percentage of visitors who enter the site and then leave , never going past the front page. 26 to 40% is good. The higher it gets the worse it is.
They never received enough visitors to worry about bounce rate, in the past. LOL
This is a sign that Cannmart is being found.
I dosen't matter what government is involved they all suck. They all create numerous road blocks for companies to deal with. Good companies will need to survive despite the bureaucracy that is holding them back.
As we see consolidation or out rite retraction in this industry Namaste is poised to at the very least survive. I see a company who should be able to slowly grow quater by quarter as the years go by.
Question for anyone? Dose the process license allow Choklat to wholesale product to Cannmart or do they need extra licensing?
Radient seems to be selling their inventory. Very confusing.
Kief is prime example of how long this license process drags out. Dec 2018 to Jan 2020 to finally get their sales license in place. LOL
Radiant technology still only has a process license. It is a wonder that any company in this industry has survived. The government is slowly choking them all to death. The Liberal s used this to get elected but it seems like they never intended it to succeed. Now BC is adding higher taxes. How stupid is that. People will just go back to the black market. It is like it is designed to destroy the industry.
This is why Namaste made a deal with Phyto because they know it will be a year before Cannmart labs will be selling their own oils and extracts.
Thanks Trudeau for being so useless.
Now all they need is Labz to get theirs. Choklat will need extracts.
Just to put some of the daily hits into perspective. (2130) In the last quarter Cannmart did total sales of $145000. If you take 62 days open and average $100 per person they would have sold to less than 25 clients per day. Let's say they manage to improve daily sales to 100 clients by the end of the first quarter in 2021.
That would be $620000 and then they would also have the Rec sales through government sites.
I would be very pleased with that kind of scenario. This should be with in reach.
Nice to see traffic rising. One thing that the Government sites can help is to get the name Cannmart in people's mind. Everything listed by them on the BC store site says by Cannmart. If people like the product then you can be sure they research it. Advertising is forbidden so anything that gets their name into the main steam can help big time.
Let's face it, Cannmart has the best selection of any LP. As repeat customers increase the word will continue to get out.
I have read the blogs.
I read that on another site. Maybe it is bogus.
Cannmart sent out a news letter? I didn't get one. If someone has it could you post it. Come on Sweetsweetlove, you post everything else. This is good that someone posts things as their IR people seem asleep.
Meni said in his interview that they have product on three government sites. I have seen it on the BC sites. Has anyone seen product on Sask and Manitoba sites?
Nothing on OCS yet.
Will we see a big sell off tomorrow or are we seeing the beginning of a real run.
There is too many positive signs to not add to my holdings. Hopefully 2020 will be a breakout year for Namaste.
Has anyone got any info from IR on the UK stuff? I know it's holiday season and all but I wish they would clear that up.
dideman41; They have 90 days for their year end. If I am right then the next report will be the end of February. They get 60 days for the quarters.
The year end may not show any real increase. Q2 as has already been mentioned will be the one of most interest. That will be the end of April.
For all those guys watching the charts. Are we at the bottom? We in Canada will get a new allowance for our TSFA accounts, so some of us will be looking to pop a little more into the market.
Should I buy tomorrow or wait. Anyone with a crystal ball? LOL
February. Year end. Q1 will be the most interesting.
The next two financials will tell all. They will drive the SP or tank it. Small steady growth is all that is required. Continued reduction in operation costs. Getting into a position where the cash on hand is not being burned through.
Close or sell what is unprofitable and focus only on what will strengthen them over the long hall.
The one thing that could give the legal market a boost is the health issues through vaping. It looks like a quality control problem.
Now people can buy their vape products from legal source. Soon eatables.
BC stores had just one cartridge this morning but as mentioned there is now 4. BC stores would not be increasing Cannmarts product line if it was not selling. They ran a test run at first keeping only limited supply on hand. Now most everything is being fully stocked.
They are finding ways to sell into the rec market. Hopefully both Sask and Ontario stores start to put their orders in.
Bc Canabis store is now buying vaping oil from Cannmart.
Cannmart is maintaining some of the dried products at $4.20 a Gram. The site is looking impressive. The next couple of financials will tell us whether they are increasing sales.
$4.20 competes with black market pricing.
Product seems to be move through th BC store. I have been checking quantities on each product.
GaryinPB; It is as if they want the SP to drop on a daily basis. Don't get me wrong I think this company will come out on top but just wish they would consider their investors a little. Part of their job is to promote the campany. When you take investors money you accept a responsibility to over see their investment.
Namaste's genius platform strategy? What is so genius about piggy backing on Shopify?
Meni said months ago that they were in the testing process of their new software. He said it would take a few weeks. Not months. They have released no new info on what the changes are. I keep asking their IR for more info related to the changes but get nothing. The lack of info is interesting.
This company will not be taken seriously until they are separate from Shopify.
That's my feeling.
Namaste signs another agreement so the SP will drop a penny. LOL
If you are a long term investor of Namaste you should be getting more and more confident that this company will become a solid investment. Even if you bought at higher SP. I have bought from 3.40 Can down . I have never sold one share and I think these guys are going to reward my faith. I am very pleased with what I am seeing right now.
You would think that Namaste would release info.
So it looks like the black market share is growing. As the big boys get slaughtered and go under there will be huge pressure on the government to do a better job of stopping illegal sales. They don't get much income tax off an industry that makes 0 profit. They started this industry and encouraged billions of dollars in investments. Yet do nothing to support them.
NB is just looking to unload stores. Not something for Namaste. I thought it was on line sales.
NB is looking to privatize. Can Namaste land the job?
This time next year we will have a clearer idea of what this company will be.
Continuing to develop software will be a big part of the key.
Sales into the rec market will improve revenue and will also get their name out. Lets face it their selection is already tops in the industry.
Labs will come on line and their selection of oils will improve.
Eatables will be another nice addition and for the medical market oils and eatables are what clients are looking for.
We will see if they can develop their own Platform, allowing them to separate from Shopify.
We will see if they can get into the UK market.
People will will say that the article was paid for by Namaste. They would be right but don't think that Deep dive isn't getting paid for the hack material that they write.
For those hoping to see the SP go through the roof. Relax. This baby will go mostly sideways until there is a solid quarter of cannmart increases. The year end this November will not show much increase and won't be released until sometime in Feb. Dec to Feb will be the interesting one and we will see that end of April. Unless there is a massive pres release this baby is a long term investment.
I do think that the bottom is in.
Two mil in first hour. Nice to see!
This could pave the way for Cannmart to eventually have a rec store front at their Ontario facility.
So today we will see the price drop. LOL
Nothing seems to change the SP. Show me the money is what is being said in this market right now.
This agreement looks like it is for their entire inventory. Not just for pre-rolls like the BC purchase order.
Nicely done Namaste!!!!
Microsoft Edge; I noticed a week or two ago that Cannmart could not be accessed with Edge. I reported it and now it just say that Cannmart does not support this browser.
I wonder if it is to do with the new platform updates.