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Scout72; The first thing I did was check to see if it was a Friday.
We are a few weeks away from the year end financials and then shortly there after the first quarter. There should also be some news on software and some updates on Cannmart , Infinite Labz and maybe the Government will get the oil license paperwork done.
Be careful with your shorts boys.
Year end is do no latter then 120 days after Nov 30th. Their new year end is what is due next. Bloomberg is wrong.
We would have seen some sort of PR. The year end is supposed to be released late March and then the end of April will be the first quarter that will cover up until the end of Feb.
I asked IR a month back and that was their reply.
24806 ; If I were to guess on the cash at the end of "November" I would say 75 to 80mil.
They were sitting with about 32mil when they did the bought deal and that deal brought in 52,750,000 in late October.
If we are to listen to things Sean said then would have heard him say several times that they had a very low burn rate on the cash. If their numbers on Cannmart and Buds2go are growing then we can hope that the burn rate is getting even better. Just common sense.
If they have spent a bunch of cash then I would look at what they spent it on. Were they buying back shares at under a dollar, great! Did they buy more of Pinapple, great! Did they invest in Israel, nice!
Maybe they have been making a ton of cash selling pot on Buds2go and Cannmart. They might have most of the cash in the bank. NO ONE KNOWS UNTIL THE NUMBERS ARE RELEASED!
Anyone who says they do are lying and trying to scare people.
Hippd ; Their basing it off of hear say. The last audited figure was at the end of Aug and it was 34 mil. Then they added 51 mil. I will wait and see what the audit tells me. All peoples baseless chatter is destructive and if you owned the stock you would stop repeating their lies.
This site is great for chuckle. I hope people don't make decisions based on what some people say. It's your money so do your own research. Take the financials to your accountant and ask him what he thinks.
The articles that are saying that they are hemorrhaging cash are so funny. What are they basing this accusation on?
scoreoneortwo; The November numbers are not going to tell you much about their burn rate on the cash. The December to Feb will be the one's I will be looking for. No rush.
I will wait for the audited numbers. It is nice that you guys think you have such great insight but the truth is you know nothing.
18.3 mil up until Aug. 76% increase for the year. It will be interesting to see what they did for their last quarter.
scoreoneortwo; The only thing that this article got right was the need to remove Sean. The rest of what they say is so wrong that it is laughable.
Hippd; Remember when the guy on Midas said he had some info that would make everyone eat some crow. I don't think it had anything to do with interest in purchasing the company. I think Sean leaked him info on their sales. I am guessing and I repeat, guessing their sales for December to February are going to be phenomenal.
I think some of Canopies medical sales came out way. Great service and high grade product wins every time.
When we invest part of what we do is make education guesses.
Hippd; Canopy is one stock that I refuse to invest long on. People brag about their management but their losses are skyrocketing and they don't seem to understand the industry that their in. ACB is on the right track, all their green houses are GMP and they are focused on producing a high grade product. They will be set up to expand globally. I think Canopy will be in serious trouble in a year or two and could take the bottling company down with them.
Namaste has also done a lot of things right. Focusing on customer service and selling high quality. Low overhead as a sales only platform is putting them in a profitable position very early in this game. Their addition of quality people who can develop the tech side in house could ensure their long term success.
All my opinion of coarse!
The authentication software is nothing new They have been using it for quite a while.
ATT; Someone has tried to short this to .50. Lets see how this turns out. LOL
ATT ; Sean has been silenced and muzzled. Who cares what his skills are he has no say anymore.
Greenwillow; Sean's votes have been given to the board. He has been effectively silenced.
Full steam ahead with a solid management team.
We could see a slow steady run for a bit. There should be news coming on Infinite Labz, there is suppose to be more news about Cannmart changes and then we will get November financial's. License for oils is also not far off.
Att for life must be trying to figure out what to do with his messy SHORTS.
Feenstra and Spikes are staying heavily involved. Top people see the potential in this company.
We have peace in the house. Sean has done the right thing. For the company and for himself.
Thanks to Sean for his energy and enthusiasm. It was what was needed to get this off the ground but this was the right decision going forward. Sean's 20 mil shares will make him a very rich man.
I am looking forward to the November numbers. As we all know Namaste only showed a loss on the last quarter because of stock based compensation. The operation was in the black on the last audit. As long as there has not been a ton of shares handed out we should see the company show a profit. A profit with very little pot sales as of the end of Nov.
That would also mean that the burn rate on their cash reserves will be very low.
Att 24552; Being independent does not mean being without an agenda. Just like obviously you have all of our best interests at heart.
This stock will be $2.00 by the end of the week. :)
They will show a profit before anyone else. Maybe even for upcoming November numbers.
Let's start with that.
Someone has approached Namaste about purchasing them. If they are such a crappy company why would anyone want them?
It is interesting that Forbes has dropped their evaluation from $7 to $2. Based on what? Are they saying that they were wrong before..
Nothing has changed with the company. They increased their Pineapple %,signed more supply agreements and now have two sites selling pot. The vape buisness has grown.....
So what has changed?
They have removed their CEO, is that a negative?
Something smells bad and it is not Namaste.
This comment will be removed because it does not fit today's agenda. :)
Sunblazer; We won't get an accurate idea of what the Cannmart and Buds2go are doing until the end of April. You do realize that?
Canopy is up over 280%. I guess there is no money on pot. If you have a steady sream of product right now you are selling it. With the traffic hitting buds2go and Cannmart the chances are pretty high that their sales are strong.
They have their processing license in place. Just not their oil sales.
I am not an authority on the government rules but I asked Kory a few months back and his reply was that they could sell oils.
If you look into the rules on the government license regs you will see that there is a pre sales inspection that needs to take place before the final license is handed out. There is a pre inspection for each of the license levels. Dried/Fresh/Plants/seeds/Oils.
They have all theirs in place except for Oils. I think they would need to have a supply and all other paper work before they get the final go. I do not think it is any more then going through the final inspections. They first need to have the product and an avenue to sell it.
I have done a fair amount of research on this but would love to here from others. It is confusing but what government system isn't.
Lets look at the accusation that Sean lied to the share holders.
Sean liked to share as much info with you as possible. Was he trying to pump the stock or did he really think you deserved to get the info, who knows? There is a huge problem with what he was trying to do. You need to have something to talk about on a weekly basis. Most companies don't announce things until it is old news or actually happened. Sean was trying to keep us up to date with daily activities. We all know that just because we plan on doing something tomorrow does not always mean it is for sure. Murphy's law 101.
1) Sean said that they were hoping to list on the Nasdaq? They were heading in that direction until LEFT came along. And the sp crashed. He spoke too soon.
2) The last big one was that they would have oil imported from Australia by the end of 218. The imports would have pushed their product line toward the 50 mark. Again they had most of their ducks in a row. The product was lined up and as far as we know the government was on board. Then Shopify threw them a curve and told them that their rules were that the products must come from a Canadian licensed producer. They thought that their license was good enough being that the government was allowing them to import it and sell it. Again his desire to share all with everyone got him in deep trouble.
Did Sean lie or was he just not cut out to run a public company?
scoreoneortwo; You are correct that only numbers will change the direction of this SP. The November numbers will be out before the end of march and have very little pot sale. December to Feb will be the one to watch. The end of April. We all know that and so the continual rehash of what has gone wrong has only one agenda.
What is accomplished by rehashing every negative thing. Invest or don't it is as simple as that.
www.pro.similarweb.com
This was posted on Yahoo. Buds2go has had 1.5 mil hits since Nov. 47% bounce back rate.
We may find that pot sales are considerably higher then what all of the basher want to here
Hippd; LOL
Why do you think Shopify wanted Findify.
Because they new how capable Meni and his staff are. If anyone can pull this together it is them.
The best 12 mil that we spent.
I think it is pretty obvious who wants to buy Namate. Shopify has been trying to strong arm us. They stopped us from importing products and selling them on their site.
It is great to announce that you are going to start selling pot but you need product. We already have a shortage of products coming from Canadian lisence producers and shopify have set the ground rules for selling only Canadian licensed producers products in Canada. Unless they are going to relax the website rules and allow imports then they will be like everyone else. They will have a very limited supply of products.
No doubt that they want Namaste. We have supply agreements already in place and many more that are just coming on line. If imported products were allowed it would double.
This is a tech company but it is more about retail sales. The tech is just the engine that keeps it running. That's what is important for now. That does not mean that they will not develop products that will be marketable in the future. Their mainly focussed on developing what they need as a company to set them selves up for continued expansion. Getting their own platform and allowing them to separate from shopify would be massive and I believe that it is in the works.
If they did not have the tech side then they would be relying on someone else to develop what they need. At a much greater cost. I have said it before. I think that the purchase of Findify is what will help to succeed.
ACB has 13, some gels and some oils.
Where would we or will we be once we are selling oils and gels?
So there is a major shortage and will be for the next 5 years. ACB is up 86% for this quarter. I think the chance of cannmart and buds2go not selling everything they have is very low. The supply agreements they have will pay big time.
On top of this I continually read that the product sold by Namaste is high quality. Quality sells and especially in the pot industry. No one wants crappie weed. "Canopy" :)
Cannmart actually has 24 products listed.
Rockhall: Exactly, a news outlet posted something they shouldn't have. Not Namaste.
People on other sites are saying that they are preparing for a fire sale which is also wrong. They said someone inquired and so they were looking into true value. They also said that this does not mean that a sale will take place.
People spin thins for their own benefit and this is why Meni said to be careful of the noise.