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They are switching from a marathon to a sprint.
It could still take a couple of years for them to get off their buts and change the laws.
Could this sudden push into the US market be a precursor to a US investor coming in.
We all new that they preparing for entrance into the US. Just not this quickly. Or is it just that Vendorlink is performing so well that they feel it is ready for the big times. They may also foresee further expansion in Canada taking a while. Governments never move quickly.
If you did a tax loss sale you need to stay out for 30 days. Right?
Wow. When have we seen Meni allow info out early. You would think that they are trying to actually promote their company.
This will give him something to talk about on the 20th.
Why connect with a Market Maker?
Ignite is no longer on Cannmart. Flower products look as good as ever. More Ogen and Gtec.
Will they give us an update on Choklat. Not on the lawsuit. Just whether the lone was paid or did they get shares.
Averaging down on this pig right now,is like throwing your money in the trash. Why not wait for the bottom. Where ever that is. Someone said they would short this to 0. Waybe so!
I wonder how many shares they will add to raise money at 0?
I hope Meni is pinching pennies for once because a cash raise will kill us. Especially those with 300,000 shares . LOL
It won't matter what you paid for them. They will be worthless. I will not sell but this company dosen't get one more cent from me until Meni FINALLY SHOWS US.
Canopy has a facility in Smith falls making chokolate. Are they going to want to promote someone else product?
I noticed that the name change is on the back burner. That is for the best as changes like that cost. That means Meni is very focused on cash reserves.
No mention on how Vendorlink is doing. Other than expanding into Manatoba. It will be interesting to see what kind on revenue it generates.
I was disappointed that they didn't tell us how medical sales are going. B2C sales was one of my questions. Are medical sales still only around 300,000 per Q.
Townhall.
Meni is saying the right things. He reinforced the point that they are focused on reducing cash burn and pushing towards profitability. 2021 is their goal. I am not concerned about profits but want to see revenue neutral and continued growth.
It sounds like , if they need some of the cash from the prospective it won't be much. (For day to day operations)
He reinforced the idea that the prospective is more about investment opportunities that may arise.
Solid interview. I think we will see a lot more of these.
Thanks
Dose anyone have a link to a tape of the townhall.
IR said that the town hall would be recorded. I do not see it on their website yet. Hopefully they follow through with their promise.
Quality versus quantity. Aurora has realized their folly. They have shuttered the Sun facility and cut Sky back to 25% capacity. It looks like they are going to focus on growing smaller batch high THC ,high quality products. It is what the market wants.
Meni and company have always focused on top quality and refuse to sell anything but. No Choklat because of issues with the product. No Kief yet because ?
They are right to focus on high quality and strive to build a loyal base of customers. The only catch is whether they can build their sales quick enough to reach profitability without diluting their shareholders out of our investments
It could still become a solid company. We are all hoping.
Oh, it is tax loss sales. I love the continual excuses.
Or maybe there is just no confidence in the company.
Maybe investors want to see sales go up Q over Q. Maybe investors want to see margins above 30%. Maybe they are expecting a substantial dilution coming as the company needs more cash to burn through. Maybe they are waiting to see if Vendorlink was a waste of time and money, someones pipe dream.
No, its tax loss. Lol
Spikes invested over $20,000. I think he put $50,000 in a while back.
It is very nice to see people in the know putting their own cash in.
A good sign.
PE is doing 2.3 mil per Q with a 30% margin. So it is more profitable than Cannmart.
I think it is more than likely the endless bad news. I feel that it began its steady decline right after they bailed on Choklat. ( the last straw)
You can't continue to have a steady run of failures and expect people to invest in you. I see their problem as self inflicted. If they start bringing good news. Show steady growth and promote what they are doing then the money will return.
The license could be their rebirth, as it were. Show us a path to profitability. Give more details on Vendorlink so investors can understand why they invested so much into it over the last two years.
They are going to do a town hall. Plus another Q&A. Their last Q&A was a mess. No one seem to know that you needed to log on with a password. Plus they didn't send out the voting info to some of us so we didn't even get a password.
This should be an open Q&A that allows anyone who is interested to log on and ask questions. Large investment firms will attend these forums to get answers.
As we all seen on the annual meeting no one asked a thing. It wasn't from a lack of trying.
The cyber week sales PR is nicely done. Lets hope their approach to PR is changing for the better.
Unfortunately I have a substantial investment.
That doesn't blind me to the endless failures from this board.
Let's see if they announce the results from the big sale. There is no excuses if it was a big flop.
Vendorlink. Will it be another big flop for Meni? Two years developing and a ton of shareholder cash. On paper it sounds great but is it something they can sell.
Most companies sell their medical on line by themselves. Why add a middle man?
The only province that allows e-commerce for rec is Sask. BC allows you to reserve your order on line but you must pick it up.
All of the other provinces control the on line sales and most of those already use Shopify.
So far the record of this board getting anything profitable over the finish line is dismal.
I get why they didn't want to deal with Brad also. I don't get why they just walked away. They are responsible for shareholders value. When they walked away from Choklat the SP started to decline. Now we will see a cash raise at a very low SP.
Meni should have swallowed his pride. They should have got Choklat's product to the market and then set up an exit plan. (sell their shares to someone) You don't just trash an investment that could have benefitted Nam and it's shareholders.
If the product has been passed by HC then there was nothing wrong with it in the first place.
People who have a lot of investments don't talk about what they have.
Namaste uses Amazon to sell accessories.
Their new IR guy is starting to reach out to us. It will be interesting to see how he spins things.
Edward is doing a feadback study. Be honest with him. He has my feadback.
Lol
Sorry, but I have been patient for a long time and I am done with that. I will be calling and emailing every time they make another stupid decision. All the investors should be pushing for accountability.
Their not going to listen but I will get my money's worth in fun.
I still think they are building Vendorlink with Shopify. Just a gut feeling.
I got that from IR.
Totally relaxed. It is time we call it like it is. It is time the board has real pressure put on them. They promised to be transparent but it is worse then ever. Every decision that they have made lately has gone sideways.
Meni is in WAY over his head and needs to step back to a lesser role. Except they can't afford a real CEO.
Last Q was a step backwards in a time when the industry is posting new highs monthly. No explanation WHY. They just stuck their head in the sand.
Lots of hidden details in the Labs deal.Give us the real COST Meni. 15 mil plus is my guess. Devil is in the details.
Will they give us an update on this big sale they have been preparing for????
Is Vendorlink making money or is it costing more to run then it makes, like every other division of this company?
Things can't be called a new revenue stream if they cost more to operate then they produce.
They keep saying it is a marathon not a sprint. They will be sprinting real soon. Straight to more dilution at around .10 cents Canadian. That is if they can even raise money.
Hopefully the two years and 30 mil spent on Vendorlink is the savior. Hopefully they know what their doing when it comes to software. Findify is not exactly pouring tons of cash into the coffers either. LOL
Once they get their license they need to submit their products. That takes 8 weeks. Rev from Labs is 6 months away once they get their license.
He thinks there is 49 mil in cash. That is not fact that is being delusional.
I wonder if Meni and this board realize how badly they have trashed this company.
That is what the old man said.
Hopefully management isn't stupid enough to announce the increased investment without being 100% sure that Labs had their license.
License needs to be today.
Well, I was told an update was coming but That is not what I was expecting. Lol
It will do. Nice to see them taking 100% ownership of this. I would guess that means they think it is close to being licensed.
Management has made this stock impotent a long time ago. Some of the decisions are that of a very green CEO.
We all new they needed to raise cash over a year ago. Why didn't Meni put up with Brad. Help him get his product to market and use that hype to push the SP up. Then they could have done a cash raise at a much higher SP. Setting the company up for years to come.
They could have cut bait with choklat latter. Maybe even sold their interest at a high price. Now we have a law suite and we will be raising cash at 15 cents.
The only thing I can hope is that they have a deal in place with a large investor to join in on Vendorlink. Nothing else matters but Vendorlink.
Other wise your investments right now will soon be worth 8 cents once they finish dilution.