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The quarter ends at the end of November this month. So Labs will miss any revenue showing for this quarter. So if Labs license happens it will need to be next quarter and revenue for Labz wont show for an entire full quarter. So we have 3 months to wait for earnings that will show partial for Labz earnings. I'm sure there will be a small bump in SP when Labz license is announced but fall back again until they show increased revenue from Labz. Unless there is some kind of other major announcement.
Labs is cool its gunna take 1-2 quarters to show some returns on Labs tho. in the meantime you can let your money sit stagnant until it turns around or use your money on other trades and come back to NXTTF when it shows some movement.
I dont know about .10 prolly maybe .13 to .15 more realistic U.S for tax selling time
its selling season for tax losses so my guess its gunna drop.
Iim wondering if they are waiting until new year begins like within 1st week to kick off the big news maybe a few weeks before Q4 earnings that should come end of Jan.
If that were to happen a reverse split would be a great thing. investors would take nxttf more seriously with the higher stock price and investors including day Traders would see the stock went from $0.20 a share to probably a few dollars seeing a sudden massuve surge in the stock price through any trading platform a lot of buyers will jump on board pushing the stock higher and will also show fewer share float. Better jump on board before your priced out my friend.
90 million shelf prospectus filed in August of this year 2020
https://m.marketscreener.com/quote/stock/NAMASTE-TECHNOLOGIES-INC-49478428/news/Namaste-Technologies-Files-Preliminary-Base-Shelf-Prospectus-31139961/
NXTTF Financials should post this week.
Yes that's awesome! I think we shook pretty much all the sellers out this year. Mostly buyers remaining so we only have UP,UP to go from here!!!
Volume today 2,810,722 not seen since Jan 2020.....somethings up Meni eluded to this excitement during his last interview couple weeks ago.
Also Earnings should be posted anyday...this is gunna run soon.
Better hop on before bus leaves if your looking for verified entry point
Up 20% and Volume 977K this morning so far
New high since August! All Aboard dont get left behind!!
Namaste terminates agreement with Ignite:
https://www.streetinsider.com/PRNewswire/Namaste+Technologies+Announces+Termination+of+Agreement+with+Ignite/17431244.html
However they are letting licensed retailers to sell Ignite products on Cannmart through Namastes new VEndorlink program. Im not sure if that expires at end of 2020 or will let retailers sell Ignite products on Cannmart beyond that time frame.
"Ignite products, to the extent made available by licensed retailers in Saskatchewan, will also continue to be available on Cannmart.com via it's VendorLink platform."
Thats why theres no money as an LP....anybody can grow weed...its over saturated. Why try to mine for gold in the cut throat fields when you can kick back in town in a nice clean suit and make millions selling the picks and shovels to the disheveled miners feavorishly looking for gold.
yup yup getting close to take off
++ cents after earnings
I think they are branding to Cannmart since they recently trademarked last week a huge amount of of Cannmart terms.
oh yes for sure, Trueleave ringing many more baskets than Namaste right now. Its just nice to know our ROI and customer value is a lot higher so when we scale more bling bling$$ for share holders!
Namaste basket size is higher($135) than Truelieve and will only go higher due to AI.
"The average customer now visits a dispensary 2.9 times per month and the average basket size is $120. Trulieve's average customer, therefore, spends about $4,176 per year on medical marijuana."
This should equate to higher sales for Namaste since phyto has a license agreement with cannmart. Specifically third quarter 2020
"According to Phyto Extractions, sales have doubled over the past three months and sell-through is high, with over 35,000 0.5 gram vaporizing cartridges sold to provincial distributors and licensed retailers in the last 30 days across Canada."
Although I believe there is an uptick of Cannabis consumption during Covid for anxiety and sleep during Covid id like to see a poll from a 3rd party company like a non profit ideally that is non biased because California based Ganja Goddess primary source is selling online. "online shopping, delivery and lifestyle brand that caters to cannabis consumers statewide". Seeing how they submitted their article to Forbes its just a PR article for their company.
If Namaste did a poll of their own from Cannmart what do you think the poll would find?? Rhetorical question...they would find a mirror of what Goddess found.
I would like to see a poll directly from Forbes
From a retail aspect reading about this is definitely a convoluted transaction.
If you look at the sites lifted owns they appear to be the same websites that namaste has claimed all along that they ran for vapes and whatnot they are dropshipping sites that were ran by lifted Peach Peak now owns lifted.
Also in the article they talked about possibly leasing technology I'm assuming they are referring to findifi the core AI software running on cannmart.
Definitely interesting to hear details on the transaction what they want to accomplish.
It's in this article..... the lifted shares converted to PeachPeak 3 million shares.
https://www.streetinsider.com/dr/news.php?id=17344081&gfv=1
The way I understand it is PeakBirch bought out lifted whom Namaste already had a strategic relationship with and lifted has some dropshipping sites. Namaste got 3 million shares of peakbirch. $2.40 share
"Lifted currently operates a drop-shipping platform through five domain names (being "EveryoneDoesIt.com", "NamasteVaporizers.com", "Lifted.com", "liftedcbd.com" and "LeafScience.com")"
Interesting...."Lifted currently operates a drop-shipping platform through five domain names (being "EveryoneDoesIt.com", "NamasteVaporizers.com", "Lifted.com", "liftedcbd.com" and "LeafScience.com") and intends to leverage its market share to expand into additional business segments including a customer review and rating platform for cannabis-related accessories and ancillary products."
"The Transaction, including the Offer, has now been completed and Namaste has received 3,065,000 common shares of PeakBirch in exchange for the Lifted Shares, constituting approximately an undiluted 3.3% shareholding of PeakBirch"
We still have major hope for NXTTF because............ DOCU (Docusign) IPO in 1999 opened at .50 U.S then dropped to .11 in 2001 tech bubble and now sitting nicely in August 2020 at $215.94!!!
yea like a biz HELOC lol
I think a lot of people on this board can agree it's stagnant money at this point for many, many months. When the investment funds could have been used even towards any other cannabis company that's given and most are giving great ROI this year and yes I have some of those in my basket as well and yes I have personally been averaging down since I bought NXTTF at the peak two years ago for over $3 a share now I'm sitting at $0.49 so yes I am waiting this out but it's very discouraging and discerning the way the company has been running particularly through out this year when we should of had a turnaaround by now. Then being quiet is harming the company it's not even bringing potential new investors on board to keep the share price up it's floating in air pretty much I feel like we bought Air at this point.
NXTTF has been entirely too quiet that is not a good thing even though they think it is. Meni is now overly protective and afraid they may say or do something that will again haunt them forever like the SD issues.
The problem is that it Doesnt matter if revenue increases and losses shrink quarter after quarter if you aren't updating share holders and tooting your horn and engaging the SP will continue to be stagnant because nobody will know the company even exists.
How are investors suppose to know Namaste even exists outside of being a customer if there is no news?
If you are not moving forward then you are moving backwards in the corporate world in regards to growing the business.
Meni is techy guy and techies will hunt down every last minute detail to iron out in the system and processes and then find another one and rinse and repeat. Mean while he is obsessively trying to make the inner workings perfect he is not guiding and growing the company forward. YES Meni you can do both at one time.
I'm really hoping Meni is getting access to 90m for acquisition or SOMETHING that is news worthy to growing the business instead of a cushion for keeping NXTTF above water longer.
LET US KNOW MENI!! come on man we need something here man dont leave the share holders in limbo Namaste has been WAY to stagnant for too long and that is not attracting new share holders and its pushing the loyal ones who are keeping the share price steady away.
LETS GOOOOOOOO MAN!
Seriously. Seems like every other marijuana stock has been gradually increasing since the spring i have a nice bundle of marijuana stocks making and money and Namaste technology is my largest holding but it hasn't gone anywhere...stagnant... the movement is very frustrating when I could be investing those funds somewhere else and making nice returns.
First glance it does appear to be scary and does makes sense why the stock has gradually went down over the summer as short positions increased. However if you look at the days holding to cover it dropped from 9 to 1 holding relatively strong for quite some time. I think investors are playing both sides of stock and is why its very predictable. you can play one penny play on a short side and long side everyday and make money. it's been holding pretty consistently at one day covers which means its stabilizing and reaching a low doesn't really have much farther to drop.
Yes despite my feelings I have been buying ever since 2018 at the peak of $3 now I'm down to .51 bought a couple more small lots over the last week.
I've held NXTTF stock since 2018 like many others here and over that course of time I've seen a lot of posts of "Chart readers" and not one of them ever came true. It's like reading tarot cards. I wish it were different but it's not.
Right now there's nothing to indicate that NXTTF stock is going to go up it's been running sideways if not ticking down for months. There's no news, no updates just mundane tasks and information running along stagnantly. Meanwhile other cannabis companies are starting to take off again.
Other investors including myself have been waiting patiently for this to take off again or even gradually move up over course of few months but hasn't done anything but slightly tick down.
I really wish and hope that what you're saying with the technical charts will come to fruition but at this point I just don't have much faith in Technical charting, only the performance of the business itself and right now it seems like there's no new news other than earnings report at the end of August coming up again I don't see any movement at all.
I thought that was already allowed and we were doing that and we use Pineapple Express for delivery, no?
Unless they have something going on behind the scenes that he can't comment on it seems like Namaste is going to be stagnant for the rest of the year as they focus on "dull" Parts of the business in his words. They are being overly cautious in a highly regulated market causing things to move very slowly. However one thing I did like in that write up is how they're trying to perfect, systemize and modulate proceses so they can deploy to another markets are other countries that does make sense but that does take time however I'm not too sure about the Perfection process.... things don't have to be perfect as long as you have a proven conversion rate you can adjust things as you go along. I know this based on experience I had a successful online business for 14 years before it was acquired.
Namaste stock has been stagnant for far too long I think investors are getting impatient including myself I've been on board for 2 years. Also there's lots of other distractions going on right now a lot of other cannabis plays are happening and improving significantly. I think investors are bailing and going for those quicker opportunities making money while Namaste is stagnant. Plus the tech sector is hot then of course Kodak went nuts the last few days.
Namaste have new online competition? Canopy growth just launched their online CBD store right along with Martha Stewart as a consultant and branded name on new products. Just read an article that said they want to Target their online consumer Behavior. I interpret that as "artificial intelligence". I'm curious to wonder if Findify would grant them a license or bring them on board as a client thus creating competition for Namaste online. Got me thinking even further would Findify bring on new clients that are also in the MJ online World thus creating more competition for Namaste Technologies current online presents since obviously Meni Moran created the artificial intelligence at Findify that Namaste bought out and running on Namaste site.
anyone have any thoughts on this?
The exclusivity agreement with Ignite comes exactly one week after ignite hires a new president.
Good info.... the bottom line is Brad knew going into the loan agreement that Namaste could have a controlling interest in Choklate if the loan was not paid back in time..... I wondered if that huge order of 2 million bars had faulty THC levels which curbed the order.... if Brad's chocolate bars are so great and in high demand for Edibles I don't see why he cannot fill any additional orders after fixing THC levels with other companies to pay the loan back to Namaste.
What happened with choklates 2 million orders for their bars? Maybe they're trying to go their own Direction?