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The Canadian securities is beginning research the impact of the negative campaigns that shorters use to con people out of their money.
Hippd; I would be ok with these prices holding until the new year. I am in Canada and I only invest through my TSFA and it is tapped out. I get an increase of $6000 on Jan 1st. I wouldn't mind $1 canadian. :)
This is a long term for me. None of the noise in the back ground bothers me. Even the pending lawsuits. I think it is all noise.
It is a risk that I am willing to take.
Will the next big announcement be this Friday or next. We all know what happens on Fridays.
Some of the income numbers being thrown around are getting ridiculous. If they break 5 mil in Dec it will be fantastic. Keep in mind that their forecast was a 4 mil month.
If they hit that then it is another forecast that the company has made.
They just keep executing on what they say time after time. All of the hate that was directed at this management yet they are out managing some of the big boys in this sector.
Gary608; They only make money when you sell. People need to do their research and then stick with it.
Back in May they applied for their oil license. Production, sales and they also put in for rec. This was done through Infinite Labz. They have production and the sales is expected soon.
Will their Rec license come soon.
Those who wait a few years could be very pleased.
It is always a crapshoot though.
Scout72; You have low expectations. I see world dominance as the end goal. They will subdue the entire planet with some of the best weed known to man.
Then boom, just take over control of the world.
If the US goes legal will they join the two buds2go.
Buds2go.ca
Buds2go.club
Eatable by the end of 2019. By then we might have the US market to look at.
They have sent me emails saying that they will be licensed to sell oils very soon. This suggestion that they will be importing oils from outside the country is interesting. If oils then why not flower products. The big Canadian companies are struggling to supply good products. Canopy is the cream of the crop with what some people say is the best CEO. Yet they can't grow good pot.
The Government will not want people going to their black market suppliers. Namaste has a golden opportunity to corner a piece of the pie and help the Government.
Scoreoneortwo; I do the same thing, I buy and hold. Things almost always comes back. It is actually nice to see that some people are panicking and helping the shorts cover. They won't stop pushing this down until they cover.
Shortdata.ca
Nov 16/18
15123965 mil
I think this is just for the TSX
It looks like there is still 24 million shorts that need to cover. On some of the other sites the bashing has gone through the roof. That means that they are scared.
Will their be investors willing to sell for pennies? This week will be interesting to watch.
All of those class action lawsuits are still looking for lead plaintiffs. LOL
There is some rumors out that Canopy had to destroy 16000kg because of poor quality. Big is not always better. Small back water producers have been supplying this country with high end products for years. These same small producers can continue to do so through the craft licensing. Y
I was going through the 2017 financials and I believe that the vaporizer income for 2017 was 2.2 mil. If I have those numbers right Oct 17/18 broke 2.2 mil in one day.
It sounds like buds2go is just waiting for the final go from the government. Should be some time next week but you never know when it comes to the government.
It is not an unbelievable scenario to see this company doing 10 mil per month starting in January. $4 to $7 stock price.
Don't get caught with your shorts down. :)
I hope everyone in the US has a good and safe holiday weekend.
Now is the time to buy everything you can at these prices. Plus set your asks at $5.00.
Infinite Labz intent was to apply for a oil production license and sales for both medical and rec. The oil production license is already in place. I would imagine the sales license is not far away.
This was started back in May.As I have said before I received an email from Namaste saying that they were building inventory for oil and it should on Cannmart over the next few weeks.
No one can rush the government.
Scout72;
I see your point. I still think they will ship more product out then they sell to walk in traffic. Any way it is their doorway into rec.
I am not sure people have been paying attention to Infinite Labz. They applied for a license to sell oil and to sell Rec through a store front. There is no reason that they can't sell all the products within the store on line. It is one K from the airport. Why would you locate a store front close to the airport.
If you think that people who are heading through security need to buy pot then you might a bit confused. Wouldn't that location be great to ship from. Their web site could have a link that takes you to the store. Order and ship.
I think there is still around twenty mil shorts against this. I could be wrong. We are seeing a couple of mil a day moved so it will take them a while to cover. I will sell mine for .......:)
We all must have seen this coming. Hopefully they have been working to keep their supply chain. The ones who are licensed. I was told that they would be adding oils over the next 2 too 3 weeks.
jgiles; Very true. This is where they thin people out and grab the shares from the nervous Nancy's. I got an interesting email back from Namaste. I was inquiring about when they would be able to sell oils.
I was told that oils would be moved through Infinite Labz. They already have stock and would be rolling it out over the next few weeks.
Meiema1955; What the big boys want is our shares for peanuts. They will drive the pot market down as low as possible. How many people will hand them a Christmas gift .
So it kind of looks like Buds2go and Cannmart are combining. As far as I can find Buds2go dose not have a sales license.
What else could it be?
As of this morning I think there was still 25 mil shorts that will need to be covered. I don't think you can buy options on this stock to insure yourself.
My knowledge on this stuff is minimal. I have family members who play with this style of investing. I make longer term investments. Some times years. I purchase a stock that I think has growth potential and let it ride. I believe that the big money controls the market. It will go up when they let it and not before.
Axconth; No one will be able to control the entire market. If you look at some of the small deals that Namaste is doing they have guaranties. The Micro producers look like 100% with right to refuse.
CannMart is up to 16 products.
Increased competition will hit producers more then the retail side of things. Retail almost always gets their markup. I don't see much competition on the retail side of things right now. Who knows down the road.
If I was Canopy and Aurora I would be very concerned about seeing all these little producers become legal. These are the ones who have been suppling the market for the last twenty years.
Each micro producer can sell 600kg per year. Namaste hopes to sign 10 in the Kootenays over the few weeks. Then hope to do the same thing in Victoria. These are he same people who have been suppling the black market for years. I know the Kootenays and the production is already there, they will just become licensed. 6000 KG for every ten producers. 60 mil retail at ten per gram.
These small producers know what they doing and have been suppling a high end product for years.
Where is here?
Just chatter from other sites. I was asking a question. I have been researching but have found very little.
Yes it is set up with only 91. It looks like they are all in line with CannMart's licence. No oils that I can see.
The relationship between Buds2go and CannMart is still not fully clear. There is talk on some of the other sites that people are getting emails that say that the products will be accessible in a few days . I signed up for the news letter. If I get a reply I will post it.
Has anyone herd any rumors about Buds2go and Cannmart combining? Probably just a rumor.
I think it will be interesting to see if only the big boys survive. The alcohol industry is a good example. As long as small breweries were not allowed the big companies owned the market but over the last number of years small micro breweries have been allowed and have excelled.
Namaste and many of the small pot producers may be a match made in heaven. Small producers have the ability to make high end products with low over head. Namaste has the ability to market their product on a world wide scale.
This is true. Our price dose not reflect income from CannMart. It also dose not reflect the value of any of the IT that is being developed. If this company was looked at as an Tech company it would be evaluated differently. That is why it has huge potential for price growth.
Canopy doesn't seem to have anything that isn't sold out or coming soon.
Aurora only has 12 products right now. They have another 7 that say coming soon. Some of their products are oils.
Twelve products is actually very good.