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Inventory; This is the key. Meni said they wanted to be better prepared for the eatables when they hit. I am thimking that they didn't have the product at the start of legalization.
Cannmart has been steadily increasing but the biggest improvements have come over the last few months. How this plays out will be interesting to watch. Second quarter will tell us more as it looks like they have lots of inventory.
If the Government gets their act together and they get their oil licence in place. At that point they will be able to give proper service to their medical patients.
I think the future looks strong. The new management has a solid framework to build on. All the pieces are in place now they just need to execute. The core buisness and finances are there.
Do they show the Cannmart sales month by month. Are we seeing it increase.
I am on the road.
Very low debt load. Have not burnt through much cash so they are well set up for the future. The 24 mil for 2018 is exactly what we all thought.
I wondered about the rev's for Q1. Meni made a statement about being more prepared for the eatables. He stated that there was a real shortage of product at the start with cannmart. We have watched that continually grow.
So , six weeks to Q2.
As the our last default status report disclosed, the company expects to file its year-end financials on or before May 31st. There is not a specific time during any day, just that they are to be filed on or before May 31st. It is common place for public companies to file their financials outside of market hours either before the market opens or after the market closes.
Please contact me with any questions that you may have.
Sincerely,
Eric Negraeff
Foobarandgrill ; Standard BS that is in every companies press releases.
The bots are at work. One bot to another bot.
Manipulation at it's best.
Do you think there are many shorts against this?
I said after market today. It would be nice to see it before market closes. Well unless it really sucks. LOL
The most important numbers will be how Cannmart is doing. They must be seeing solid pot sales to make the SP take off.
I think they will wait until after buisness on Friday.
It is how they role.
You know those lost medical sales that Canopy had. I think we are about to find them.
Lazed; Nice try. If there was anything found they would have had to announce it.
They are releasing both because they are due. If the first quarter is solid this baby will run so pull up your shorts buddy.
There will also be a quite short wait to 2 quarter.
SCOUT72; Nice. I had to read it twice but to get the 1st quarter is a huge plus.
Am I right to say we are due for a buy weekly report. Today,right?
Rockefeller jr; Unless we see some sort of emotional run my plan is to hold until oils and eatables are part of their income.
So I will be looking for a pay day next year.
But you never know. This next couple of weeks could be very entertaining.
I don't think you could have foreseen some of these events of the past year. Movie material.
What will this week bring?
Being that all of their two week updates have said that they were still on tract for a May 31 release I would expect to see the year end financial's. There should be few surprises to those financials as Sean pretty much leaked it all anyway. Cash on hand and a few little items will be interesting to see. The big one is the first quarter. Sean leaked a little of his excitement out by suggesting that people would be eating their words or something like that but we really have no idea what Cannmart and Buds2go have been moving.
Should worth a front row seat if they are substantial.
26642 Rockhall;
This is a very interesting development. I am beginning to think that the financials are going to be exceptional. These guys are not jumping on board of a sinking ship.
A leak about our license's or just a ramp up to expected financials?
Tick tock, tick tock.
Just a reminder that tomorrow is a holiday in Canada. Victoria day and the TSX will be closed.
Cannmart up to 41 sku's.
Cannmart sells Supreme products and has working relationship with Blissco. Owns some Blissco shares I think.
There are some interesting webs being woven as the industry develops. Namaste is focussing on companies who produce high grade products. I can see oils from Blissco and Labs on our site very soon.
Does anyone know what the shorts are at.
I am away from home.
A lot of Oregon's pot is grown outside. They had some bad weather in the first few years and there was some crop losses. The Government added a bunch more licenses and then because of some good weather they have had some bumper crops. Even though they have a surplus right now the medical patients are still struggling to get the high grade products that they require.
Government has caused most of their problems with poor management. Canada is years away from over producing but it could become a problem. This is one of the reasons I invested in an E commerce company. I have always been cautious about companies who are reliant on production. It is also why I wanted a company who had the potential to expand beyond Canada.
Giovanni; So put on a link to this law. By what I can see is that the government has not even required a best before date.
Giovanni; In a dispensary on a shelf? I could see that. By what I have read is that if stored in a cooler in proper containers it can be kept longer. Much longer. It depends on how it is handled. Namaste is not trying to display it.
They showed a video of Cannmart and there was coolers.
I know lots of people who still by on the black market. It is because of price. As this evens out most would prefer to buy from a legal supply.
Marijuana has quit a long shelf life. It will how ever start to lose is aroma after about a year. It all depends on how it is stored. Stored correctly it could last even longer. Not much worry about old product yet.
It sounds more like companies trying to move their products more quickly by becoming more competitive.
The black market has been quit active and will continue to be until the prices even out . Let's not forget that a lot of the LP's didn't have enough product to sell. So no need to compete. As their inventories grow then they will be more competitive. They will also have enough volume to be able to sell cheaper and still maintain cash flow. This was a well known fact that their would be shortages at first. Many of the big LP's hope to get their cost per gram down close to a dallor. High quality craft and organic will always have a special market and price tag.
We will see the legal products become far more competitive as the inventories rise and don't forget that Namaste is retail. They make their markup no matter where the prices go.
Scout72; With the inability to advertise they need to be creative. When you use a price drop notification you get to reconnect with anyone that has used your site in the past.
Most of the articles are just saying wait until the financials come out. Good counsel but if they are outstanding then you may have missed an opportunity of a life time.
If they suck then you could be trapped in a down ward spiral.
I would not short this thing right now, unless you have balls of steel.
Just ride it up and down until the numbers come out.
I personally think they are going to be come a leader in the industry. I am willing to risk a certain amount of cash on that.
If the numbers are good this will move quickly, very quickly. You could see new highs with in a week or two.
Just my opinion.
Ah yes, it is Monday. This place is good for a chuckle.
Roughly 4 more weeks to financial's.
Emotions are running high.
The year end financials won't tell us a ton that we don't all ready know. There is however something that will be interesting to see.
What will they show for losses. Will they show a profit. There is virtually no debt and cash in the bank. Will they show profit for 2018 year end or will we need to wait until q1 or q2 of 2019.
I like companies who are making money.
I is not hard to guess what the 15 month year end will be. They 18.6 mil for the end of Aug. That is an average of 4.65 per quarter. They said that there was very little pot sales. They didn't say no pot sales. I would guess that the year end will be around 24 mil. With about $500,000 in pot sales.
First quarter will be the interesting one. We can assume that the sales slowly picked up from December on. They were still working on inventory supply issues through December. Lets say December was 1.5 mil , Jan 3 mil and Feb hit 4 mil. ( pot only)
Add that to the 4.65 average from Vapes and you have a grand total of 13.15 mil for the first quarter.
Now lets bring on the second quarter. LOL
My guess is as good as anyone's until proven wrong. Those are numbers that should be very easy to hit.
Insider Financial sees Namaste as Deeply under valued. LOL
No kidding, a stock that should be around $4.00 is at .90. I wonder how long it took him to figure out that it was deeply under valued.
38 mil shares today. I guess there is some renewed interest in this company.
Ken Jones;
Key projects:
o Led the global integration and transformation for the merger integration of a Canadian company;
o Shared services resulting in a 30%+ reduction in administrative costs;
o $100 million annual improvement in Accounts Receivable collections;
o 10% reduction in procurement spend across 17 hospitals;
o 1/3 reduction in administrative expenses for global manufacturer; and
o Developed national strategy for the regional delivery of education and health care support services.
Consulting services:
o Merger Integration
o Shared Services & Outsourcing Advisory
o Change Management
o Organizational Design
o Finance Function Management
o Board, Organizational and Program Governance
So, who shall we merge with?
As some of us have said in the past, the best thing that SD did was buy Findify. I will bet you that he did not fore see Meni as the future CEO though. LOL
Mind you if Meni succeeds both Kory and Sean will be very rich in the end.
Very RICH.
Greenwillow; There is a way bigger picture painted in that release then what a lot of people see. I think it would separate them from Shopify and set them up as a standalone market place.
The value in the tech alone would be substantial.
This is the most interesting part of the entire update.
Corporate Strategy Update;
In relation to its strategy, the Company continues to invest in technology and infrastructure spending to position it to cater to domestic and international licensed producers, cultivators, micro-growers and ancillary device producers who may wish to distribute products through the Company’s proposed marketplace which is currently under development. The Company believes that as its end-to-end business proposition develops, it will be in a position to migrate the benefits of the user interface, user experience flows and integration between CannMart and the Company’s other properties to the new marketplace business model. This is expected to position the Company to provide sellers on the marketplace with a unique customer acquisition, conversion and distribution model that utilizes technology, business and artificial intelligence across the entire platform.
Crush it , crush it , pound it down then start the ramp up as it heads towards the financials. Just more market manipulation.
How many poor suckers will need to lose their money before the rich are happy.
Nothing has changed with this company over the last few months. They were a solid little start up before and still are. I think we will find out that they are succeeding nicely once the numbers are released.
It is another reason to go long and then just ignore the noise. DO your research though and then be patient.
If you do the numbers on what Gtec could move and think that that is just one of Cannmarts products. Obviously Cannmart is not moving all of their product but they are moving enough to be mentioned in the article. They could sell close to 100 mil this year. 2019