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If you really want to see this train leave the station wait until they get oils on Cannmart. Most medical patients are looking for oils.
Oils and then eatibles will be what ignites the engine's.
How can you call yourself the everything cannibus store when you aren't allowed to sell oils?
Will we see another Friday come and go without getting our oil license?
Meima1955; Things will stabilize once they get their oils in place. I have been told from a reliable source that it is coming SOON. LOL
And back to .40 we go.
I read the comments that Darren put on Facebook. He seems to be a bit frustrated with investors blaming management for not having things like the oil license completed. He gives the impression that those things are out of their control.
So why does shoppers already have theirs and they applied after us. I was told back in November of 2018 that the oils were coming soon. We had management tell us that they would have oils by the end of the year. I have a right to be upset with management.
Darren needs to be very careful about saying the word soon. I want facts and please don't sugar coat them. Explain the license process. Tell me what we are waiting for. What are the next hoops that need to be jumped through.
What is the hold up? Is there buildings for storage or shipping to be inspected.
Don't just say soon because your soon and mine may be completely different. Give me facts or shut to **** up.
We don't need another lawsuit.
Nice day for day traders. No long term stability until we see sustained rev increases. Oil license will get the ball rolling.
I am glad to see a perminate CEO but I still see a glorified software company.
Sorry Meni but until I see a big jump in pot sales and you execute on the oils I am not a believer.
The only thing that will move this stock up permanently is oils. Meni has not accomplished that yet.
We don't have product to even sell yet.
Sweetsweetlove; I have tried to get an answer out of Eric but it is a waste of time. All he has is canned nonsense that is zero help.
Shoppers seemed to land their oil sales with little trouble BUT they have oil to sell.
I keep thinking back to early December when Sean and Kory were both saying they would have oils by the end of the year. They had that deal to import from south America. I never got the impression that they were concerned about being able to sell it. It was Shopify that suddenly said that it had to be a product from a Canadian licensed producer to be sold on their platform. I also didn't get the impression that it was the government that stopped them from importing it.
I am beginning to think that once they have a line of oils that getting the go to sell will be a final inspection away.
It is very hard to find accurate info on this. As an investor you are almost guessing rather than being able base a decision on facts. Not good, but you are right about it being a brand new industry . Lots to learn and most will be done the hard way.
For me it is worth the risk.
A question for "sweetsweetlove".
Amongst all of our supply deals do we have any oil supplier's?
When it comes to government licensing do you need to have a product to sell before they sign off on your license.
Which comes first the chicken or the egg?
There is less sku's for pot. Could that mean that some products have sold out.
Meima1955; I will believe once I see them get their expenses in line with revenues. I expect slow organic growth over a few years but that can only happen if they get their expenses under control. Q3 will help to see if this management is for real or are just going to bleed out the cash and move on. If they continue to burn up 15 mil a quarter and only take in 4 mil then this will be a short ride.
None of these little twists mean jack **** to me. It's about the long haul and whether they can survive the next couple of years.
This is a start up. Some will survive some won't. I am still betting on them surviving.
From the day you put cash into these type of investments you must assume it is all gone. Then if it comes to life it is a pleasant surprise. LOL
Grodto14; Ya, I was thinking of another stock I am invested in. My mistake.
We should see financials soon. Maybe this week.
Geovanni; So you believe that the government has been holding up Namaste's oil license for the last 8 months because of a back log? LOL
Shoppers acquired theirs right at the start.
They have increased their salaries and reduced the revenues. They are spending at a rate that is unsustainable. The cash will be gone in less then a year. We need to see 40 mil a quarter to sustain this. If Cannmart sales are not through the roof this next quarter then this baby is done.
Question we all should ask IR.
What is taking so long to get the oil sales for Cannmart. Shoppers already has theirs. We were all told that they were waiting on the Government back in November.
Now they tell me that they have just finalized it. Until they land their oil sales license they are dead in the water.
I am beginning to wonder what these guys are truly up to.
Very tired of being lied to.
I am sure that marijuana scares the big drug companies. They will fight it for a while.
Tinley is having discussions with a Canadian LP. Looking to get into Canada with its marijuana infused drinks. It won't say who the company is but says it will not sign a deal that will restrict it to one supplier.
Interesting
I was thinking about the lawsuits last week when they announced the consignment direction. I wondered how many big LP's would be willing to turn their E sales over to a company with that black cloud hanging over it. How could you trust that they would be there for the long haul.
Problem solved. Now the oil sales license is the next big hurdle. We are continually reminded that 65% of medical marijuana sales are oils. They need to be able to sell the full spectrum of products to attract larger clients.
This management group my pull this off.
This management is starting to impress. Nice settlement.
There is no relevance between illegal drugs and Marijuana. Alcohol is legal yet very controlled. When there is licensing fees payed buisness owners expect and deserve inforcement of the laws. The government needs to shut down the black market.
One of the problems this industry is having is caused by the government. They regulate the nuts off it yet there is no effort to shut down the black market. Just another dismal failure by the current government.
According to IR, all of the focus has been on building the software. Cleaning up what was a mess. Moving forward ALL their focus will be on sales. It will also be on reducing costs.
The developments over the last few days shows that they are starting to focus on sales.
I was also told that more news is coming soon.
We will see. Lol
I was invested in a few of the bigger LP's but stopped once I figured we were getting close to the point where they would need to show profit. The big LP's will be years before they are making money. The development of their infrastructure will continue to leave them in the red.
Some just won't survive.
Namaste has the best potential to be a profitable company over the next few years. If the next quarter shows a decent increase for Cannmart we will see a bit of jump. It will jump when they announce their oil license. The addition of oils and eatables will set them on their way.
The ARBR connection has huge potential to improve sales. They are beginning to be noticed for the selection they have. All they need now is Oils, Oils , Oils. Medical is 65% oils.
Apothecary Botanicals is owned by Geyser brands.
I am not very happy with the lack of PR but I am quite impressed with the site. The selection has quietly become very impressive.
Darren in his latest interview said that small LP's will be given some leeway for a while yet as far as being profitable. He thinks that as long as shareholders are seeing growth they will be happy.
I think he is delusional. I think the small LP's will be held to the same standards as the big boys. Revenue will be the key. Plus being that Namaste is not investing in massive greenhouse projects and are sails only they should be profitable sooner then all the rest.
Dear Namaste management. GET A REAL CEO. Stop ******g with my money.
Now I feel much better LOL
Nice to see the Gtec back. Not just the samplers. I have not checked in a while. They now have over 50 cannabis products.
Share based compensation.
I have been thinking about this and it is tempting to say no. They have been bringing in some solid talent and we want these people to have a reason to give their all. The company isn't at the point where they can afford large salaries. I think the share compensation is the best way to give them some skin in the game without using up the cash.
If they work hard and drive up the SP we all benefit.
It's yes for me.
On going changes to website.
Share compensation,do they deserve it?
How to vote?
People seem to forget that Namaste is focussing on medical marijuana not rec. It has huge potential to help people who are suffering from different health issues.
Hippd : You turn product over on a weekly basis!
There is one thing that the slow sales can help moving forward. If Meni is able to turn things around with AI based software it will put the demand for their tech through the roof. This is like a proving ground for what he dose.
They also have the potential to sell for other LP's without even touching their product. Shipping it straight from the source. I am not bashing the potential of this company. I still have very high hopes for a good out come in the future. I am just saying not to expect the big investors yet. Maybe not for a couple of years.
This is not for day traders. It is a long investment.
Drew5; This could be and we will see on the next quarter. I have a solid investment in this and will be here till the end. Or until I think it is a lost hope. They have lots of cash to get them through or I would pull the plug now. I think the sales are more then likely what brought on the leadership change.
They need to match their sales with their inventory. I will be looking to see if they can turn over the inventory that is in place at the start of the quarter. They had 1.2 mil at the end of q1. I want to see them turning that over. Then I am happy.
Not much to ask. I don't want to see a lot of write downs
They are up to 36 items for cannabis alone.
25,000,000 grams of product sounds great but according to their q1 results they barely moved 25000 grams to date. 3 months.
Dust2332: I can save you a lot of waisted time. This stock will not go anywhere until they start to sell pot through Cannmart. If the next financials don't show a dramatic improvement in Cannabis sales then we will be sitting on this one for a while. $145,000 sales over 3 months is not good and will not attract the big money. I am in this one for the long hall but must call it for what it is.
Their Cannmart sales are very bad.
Hippd ; LOL, this is one of the most manipulated stocks on the market. If you think it should go up it goes down. When we think it will crash it rises.
I finally had a chance to go through the financials. Nice cash reserve but the $145,000 of cannabis sold over a 3 month period is very concerning. I had hoped that it was an inventory shortage but it looks like they had $899,000 dollars worth of cannabis inventory. I asked IR and Eric said that there was a lot of troubles with the website and thus the complete upgrade. I will be looking towards the 2nd quarter to decide how long I ride this out.
I guess we will see how well AI works. These companies can't advertise so they will need to just grow organically. Satisfy one customer and hope he tells more and so on. Customer service will make or break companies. Oils are a must and eatables will just add to it.
They need to be careful about adding to many more salaries as this could take a while to build and burning through their cash would not be wise.
Just the take of a long term investor.