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Nice summary article from Merida Capital Partners today on Cannabis from the recent election results.
When people wake up on November 7th, 2018, there will have been significant movement on the cannabis front due to tonight's election results.
We wanted to get you some hot takes and highlight things to watch as politics and elections are one of the biggest driving forces behind the march of cannabis legalization, which has a profound effect on both public and private companies and asset values.
There will be a lot of ink spilled on the election over the next week as people ramp up for MJ Biz so we will try and point out a few obvious and some non-obvious results to factor into your individual investment decisions.
Assuming Democrats have taken the House and Republicans strongly retain the Senate, there is one overriding theme for this election. The States Act or some descheduling has never been better positioned. We know the bill will finally make it out its committee conference(see number 2 below) and would seem to be one of the few areas President Trump can work with his new House of Reps in a bipartisan way in an area that he has already admitted he isn't ideologically disposed on. Trump hates losing and he will be looking for opportunities to co-opt Democrats and we could see him getting behind a bill that has strong bipartisan support, if it gets that far.
Here is a top 10 list of what we are paying attention to tomorrow and beyond:
1-Michigan is now our 10th adult-use state. With nearly 10MM people there, it was the biggest opportunity at he ballot box and it won with solid support. Factoring Utah(see below) and Missouri medical bills, nearly 20MM Americans wake up tomorrow with significantly more access to cannabis(medical or adult-use).
2-The Hemp Farming Bill seems like a sure thing-McConnell will push from the Senate and with a Democrat House, it seems like a hemp bill is almost a sure thing in short order since natural opponents(Republicans in the Heartland took a bit of a beating)
3-Pete Sessions, who was going to lose his Chairmanship with a Democratic House anyway lost pretty soundly to a cannabis proponent. As one of the biggest roadblocks to any federal cannabis laws, Sessions removal from Congress could get fence-sitting representatives to soften on cannabis descheduling or a move to throwing it to the States, as the States Act proposes. This was the single most important race in Congress for federal cannabis laws and voters certainly seemed to send a message here.
4-Governors Tom Wolf and Larry Hogan win in PA and MD respectively. Even though they are from different parties, each has pushed strong medical programs forward and been resolute in their support for medical cannabis. With Michigan now in the adult-use camp, expect these states to continue moving towards adult-use legalization, particularly since both governors won in a pretty big way. In PA, the fact that Republicans in the SE struggled or lost outright, seems to set up an adult-use law in 2019.
5-Tim Walz wins in Minnesota and has previously expressed his support for adult-use legalization. Minnesota has the same population as Colorado so adult-use would be significant there.
6-We think people may overreact to the Florida election and Desantis' victory in the gubernatorial race there. Florida has a strong medical program, and Desantis has been solid in his support of that. Gillum would likely been a more certain advocate of adult-use but we think Florida's rampant patient growth and continued limited licensing mitigates the disappointment in losing an opportunity for a Gillum-led push of adult-use forward. If you hold stocks with exposure there, this election shouldn't concern you.
7-Utah, which saw significant opposition for its medical bill from the Mormon Church, now has a medical framework, following Oklahoma as a surprising state to move forward with medical legalization. It's a great bellwether for the will of people and their representatives from deep red states to move forward with some federal reconciliation of cannabis laws.
8-Cuomo's easy victory in NY could give him the confidence to move ahead with adult-use in NY. We think its almost certain that NY moves forward before the next presidential election, particularly with a commission already in place working on such a bill because NY does not have a ballot measure law so this must be passed legislatively, which can often be quicker.
9-Dana Rohrbacher is in a dogfight-as one of the early Republicans to support cannabis law reform, it would be ironic if he lost in a year where cannabis won big in most states.
10-Mexico looks poised to try and push some type of adult-use legalization which would put further pressure on the U.S. to reconcile the State/federal legal dichotomy. Not US election news but it was released today and hey, its still something we are watching tomorrow.
One thing should be overwhelming clear-cannabis investors wake up tomorrow in much better shape than they were when they went to bed tonight.
Regards,
Yes; however, those warrants have not been accelerated (to my knowledge).
Believe those warrants are not currently trading.
Here is an explanation of the warrants you are inquiring about from TGOD in April of this year.
Dear Shareholders & Friends,
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) is pleased to announce that, due to increased investor demand, the Company has filed an amended and restated final long form prospectus (the “Prospectus”) to increase its previously announced initial public offering of units of the Company (the “Units”). The Final Prospectus of the Company dated March 29, 2018 contemplated an offering of $102,200,000 through the issuance of 28,000,000 Units at a price of $3.65 per Unit. The offering will now consist of a minimum offering of 28,000,000 Units for gross proceeds of $102,200,000 and a maximum offering of 31,510,000 Units for gross proceeds of $115,011,500 (the “Offering”) at a price of $3.65 per Unit.
Aurora Cannabis Inc. (TSX:ACB) has elected to exercise its right to participate in the Offering on a pro-rata basis.
Each Unit consists of one common share of the Company (a “Unit Share”) and one-half of one common share purchase warrant of the Company (each whole warrant being a “Warrant”). Each Warrant is exercisable into one common share of the Company (a “Warrant Share”) at the price of $7.00 per Warrant Share, subject to adjustment, on or prior to 4:00 p.m. (Eastern Time) on the date that is the earlier of (i) 24 months after the Closing Date and (ii) the date specified in any Warrant Acceleration Notice (as hereinafter defined). If, at any time, the volume-weighted average trading price of the common shares of the Company is equal to or greater than $9.00 for any 10 consecutive trading day period, the Company may provide written notice to Computershare Trust Company of Canada as warrant indenture trustee and the registered holders of Warrants (a “Warrant Acceleration Notice”) that the expiry time of the Warrants shall be accelerated to the date which is 30 days after the date of such Warrant Acceleration Notice, subject to TSX approval.
No Problem. Warrants came from Round 3 pre-ipo. Those are the ones that are currently being traded.
Here is a snippet explaining them from Sept 2017:
The Green Organic Dutchman Pre-IPO Financing
Dear Investors, as you probably already know, the imminent pre-IPO round of TGOD was announced this morning.
Most of you are fully aware of the TGOD STORY and many of you are already invested. For ourselves, we have invested in every round and we intend to invest in this round as well. Why would we do that you might ask. Well, the simple answer is that we think this round is even more attractive than the last one and we will explain why we think so.
Terms: Unit price C$1.65 includes 1x common share + 0.5x warrant (36 months, C$3)
The shares will have a 6 month hold period from the day of the IPO (planned for January 2018) but here's the beautiful twist that make us so attracted to this financing, the warrants will be listed and tradeable from TGOD's first day of listing.
In theory, this means that if the stock trades at C$4.50, the warrant should trade at C$1.50 ($4.50 - $3 = $1.50). And that doesn't take into account the time value of the warrant, three years is a long time and could potentially add to the price.
In this kind of scenario, one could pay C$1.65 for the units but get back the equivalent of 75 cents/share which would give us a purchase price of C$0.90 per share. Last financing was done at $1.15 just as a reminder.
Sorry for delay in responding
We had around 105 Million shares unlocked Nov 2nd. Dec 2nd is the unlock for the shares associated with the warrants in the 2nd round pre-IPO for those that took advantage.
Example: If you bought 40K shares in round 2, you also received 40K warrants that you had to exercise due to those warrants being accelerated several months ago. So not all would have taken advantage IMO. In my case, had to pony up around $65K to exercise those warrants.
Those shares (no longer warrants) are locked up till Dec 2nd 2018.
So technically there were say 100 Million shares that could unlock Dec 2nd. This is NOT going to be as big an influence on price and here is why:
1. Not all took advantage of those warrants
2. Many sold part or all of their Nov 2nd shares to cover the cost of their initial investment and the cost of exercising the associated warrants and will let the shares that unlock Dec 2nd ride as free shares.
So how many of those new unlocks will trade Dec 2nd? I would estimate under 20M.
To answer your other question about future unlocks....I'm not positive but believe either April 2nd or May 2nd comes to mind... Maybe someone else can advise on this. Didn't participate beyond the 3rd round and round 3 didn't have a hold. Round 3 was your got your stock and 50% of that quantity was warrants that could be traded from Day 1.
Gets confusing as you have numerous classes of warrants, only those from Round 3 I believe are currently able to trade.
To summarize, effect of Dec 2nd unlocks will be minimal compared as to what happened Nov 2nd. That said, always good to be ready to pick up some shares on a dip should it occur.
GLTA and look for a nice bounce to today.
Possibly; however very delayed disclosure on insider selling.
Like most shareholders, unhappy with the ability of insiders to sell while investors shares were locked up.
Like the company but like them a lot more if insiders were held to the same rules investors are.
https://www.canadianinsider.com/node/7?menu_tickersearch=tgod Oct 25/18
Sep 21/18 Reider, Csaba Direct Ownership Common Shares 10 - Disposition in the public market -100,000 $8.60 Oct 23/18 Sep 20/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $8.45 Oct 23/18 Sep 20/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $9.09 Oct 23/18 Sep 20/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -1,900 $9.15 Oct 23/18 Sep 20/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $9.09 Oct 23/18 Sep 20/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $9.11 Oct 23/18 Sep 20/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -3,100 $9.09 Oct 18/18 Sep 18/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -100,000 $7.77 Oct 17/18 Sep 18/18 Reider, Csaba Direct Ownership Common Shares 51 - Exercise of options 240,000 $1.15 Oct 17/18 Sep 18/18 Reider, Csaba Direct Ownership Options 51 - Exercise of options -240,000 $1.15 Oct 18/18 Sep 17/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $7.82 Sep 19/18 Sep 17/18 Wilms, Ian Patrick Direct Ownership Common Shares 10 - Disposition in the public market -84,000 $7.61 Oct 19/18 Sep 14/18 Wilms, Ian Patrick Direct Ownership Common Shares 51 - Exercise of options 30,000 $1.15 Oct 19/18 Sep 14/18 Wilms, Ian Patrick Direct Ownership Common Shares 51 - Exercise of options 54,000 $0.500 Oct 19/18 Sep 14/18 Wilms, Ian Patrick Direct Ownership Options 51 - Exercise of options -30,000 $1.15 Oct 19/18 Sep 14/18 Wilms, Ian Patrick Direct Ownership Options 51 - Exercise of options -54,000 $0.500 Oct 18/18 Sep 14/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $7.51 Oct 18/18 Sep 14/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -17,000 $7.51 Oct 18/18 Sep 14/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $7.95 Sep 19/18 Sep 14/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -23,700 $7.52 Sep 19/18 Sep 14/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -100 $7.53 Sep 19/18 Sep 14/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -8,900 $7.72 Sep 19/18 Sep 14/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -1,100 $7.72 Sep 19/18 Sep 14/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $8.00 Sep 19/18 Sep 14/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $7.72 Sep 19/18 Sep 14/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $7.50 Oct 18/18 Sep 13/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $8.15 Sep 20/18 Sep 13/18 Shone, James Robert Alexander Direct Ownership Common Shares 51 - Exercise of options 275,600 $0.500 Sep 20/18 Sep 13/18 Shone, James Robert Alexander Direct Ownership Options 51 - Exercise of options -275,600 $0.500 Sep 19/18 Sep 13/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -100,000 $8.25 Sep 19/18 Sep 13/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -11,800 $8.07 Sep 19/18 Sep 13/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -31,100 $7.70 Sep 19/18 Sep 13/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -3,900 $7.71 Oct 18/18 Sep 12/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -5,000 $8.22 Oct 18/18 Sep 12/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $7.95 Sep 19/18 Sep 12/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $7.89 Sep 19/18 Sep 12/18 Wilms, Ian Patrick Direct Ownership Common Shares 10 - Disposition in the public market -24,000 $7.96 Sep 19/18 Sep 12/18 Wilms, Ian Patrick Direct Ownership Common Shares 51 - Exercise of options 24,000 $0.500 Sep 19/18 Sep 12/18 Wilms, Ian Patrick Direct Ownership Options 51 - Exercise of options -24,000 $0.500 Oct 18/18 Sep 11/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -15,000 $7.27 Oct 15/18 Sep 11/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -2,000 $7.33 Oct 15/18 Sep 11/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -7,800 $7.32 Oct 15/18 Sep 11/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -3,900 $7.33 Oct 15/18 Sep 11/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -7,700 $7.34 Oct 15/18 Sep 11/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -400 $7.37 Oct 15/18 Sep 11/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -10,200 $7.35 Oct 23/18 Sep 10/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $7.17 Oct 23/18 Sep 10/18 Shone, James Robert Alexander Direct Ownership Common Shares 10 - Disposition in the public market -2,000 $7.16 Oct 18/18 Sep 10/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -15,000 $6.61 Oct 17/18 Sep 10/18 Bertrand, Marc Direct Ownership Warrants 10 - Disposition in the public market -162,272 $2.34 Oct 15/18 Sep 10/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -100,000 $7.11 Sep 14/18 Sep 10/18 Brody, Daniel Direct Ownership Common Shares 10 - Disposition in the public market -30,400 $7.02 Sep 14/18 Sep 10/18 Brody, Daniel Direct Ownership Common Shares 10 - Disposition in the public market -50,000 $6.82 Sep 17/18 Sep 10/18 Brody, Daniel Direct Ownership Common Shares Amended Filing 10 - Disposition in the public market -50,000 $6.66 Sep 14/18 Sep 10/18 Brody, Daniel Direct Ownership Common Shares 51 - Exercise of options 12,000 $1.15 Sep 14/18 Sep 10/18 Brody, Daniel Direct Ownership Common Shares 51 - Exercise of options 118,400 $0.500 Sep 14/18 Sep 10/18 Brody, Daniel Direct Ownership Options 51 - Exercise of options -12,000 $1.15 Sep 14/18 Sep 10/18 Brody, Daniel Direct Ownership Options 51 - Exercise of options -118,400 $0.500 Sep 14/18 Sep 10/18 Brody, Daniel Control or Direction Common Shares 10 - Disposition in the public market -12,500 $6.60 Sep 14/18 Sep 10/18 Brody, Daniel Control or Direction Warrants 10 - Disposition in the public market -28,633 $2.40 Oct 18/18 Sep 7/18 Cernovitch, Marc Direct Ownership Common Shares 10 - Disposition in the public market -40,000 $6.42 Oct 17/18 Sep 7/18 Bertrand, Marc Direct Ownership Warrants 10 - Disposition in the public market -203,700 $2.22 Oct 19/18 Sep 7/18 Bertrand, Marc Direct Ownership Common Shares Amended Filing 51 - Exercise of options 132,000 Oct 19/18 Sep 7/18 Bertrand, Marc Direct Ownership Options Amended Filing 51 - Exercise of options -132,000 Sep 14/18 Sep 7/18 Brody, Daniel Direct Ownership Common Shares 10 - Disposition in the public market -50,000 $6.24 Sep 14/18 Sep 7/18 Brody, Daniel Direct Ownership Common Shares 51 - Exercise of options 50,000 $0.500 Sep 14/18 Sep 7/18 Brody, Daniel Direct Ownership Options 51 - Exercise of options -50,000 $0.500 Sep 12/18 Sep 7/18 Brody, Daniel Direct Ownership Common Shares 10 - Disposition in the public market -47,400 $6.50 Sep 12/18 Sep 7/18 Brody, Daniel Direct Ownership Common Shares 51 - Exercise of options 47,400 $0.500 Sep 12/18 Sep 7/18 Brody, Daniel Direct Ownership Options 51 - Exercise of options -47,400 $0.500 Sep 12/18 Sep 7/18 Brody, Daniel Control or Direction Warrants 10 - Disposition in the public market -4,700 $2.43 Sep 12/18 Sep 7/18 Brody, Daniel Control or Direction Common Shares 10 - Disposition in the public market -12,500 $6.44 Oct 18/18 Sep 6/18 Cernovitch, Marc Direct Ownership Common Shares 51 - Exercise of options 312,000 $0.500 Oct 18/18 Sep 6/18 Cernovitch, Marc Direct Ownership Options 51 - Exercise of options -312,000 $0.500 Oct 17/18 Sep 6/18 Bertrand, Marc Direct Ownership Warrants 10 - Disposition in the public market -73,400 $2.25 Oct 15/18 Sep 6/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -16,000 $6.20 Oct 15/18 Sep 6/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -43,000 $6.20 Oct 15/18 Sep 6/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -3,000 $6.41 Oct 15/18 Sep 6/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -42,900 $6.36 Oct 15/18 Sep 6/18 Bertrand, Marc Direct Ownership Common Shares 10 - Disposition in the public market -4,100 $6.41 Sep 19/18 Sep 6/18 Wilms, Ian Patrick Direct Ownership Common Shares 10 - Disposition in the public market -14,500 $6.17
Here's your dip.
Don't think it will last long.
Sal, honestly no concerns on it hitting $7.
FYI, I participated in 2nd and 3rd pre-IPO rounds and hold a little over 105K shares.
Company just needs to execute it's global plan (Canada is nice but isn't enough) and the company knows this. Like to see entry into the US markets because that's where all the big money is starting to flow.
See this hitting over $5 later this year and over $10 next year. My plan is to sell 20K around $6 to cover my costs and let the rest ride.
My only concern was how bad today was going to be and it proved to be an amazing day. The drop in price going into today was expected for months and the bounce is IMO more than ample evidence as to the long term prospects for this company. So you will be fine.
Remember they have an almost obscene amount of cash and a state of the art facility coming on line in early 2019.
GLTA
If we clear $2.80-$2.82...This has a chance at going over $3 today. Those are two resistance points I never imagined we would even be considering today. BAM!
Get through $3.25 and then it will take off like a rocket.
Agree, just late to the legalization date as nothing to sell.
Just sad to see the insider selling and Aurora not increasing their position; however, Aurora could easily have been buying today what they sold a few weeks ago and more...that's certainly a possibility.
It's what I would have done.
The upside is really looking positive. You will do fine in the long run.
Like most, figured the sky would fall today on this stock (and it did at the open) but WOW...What a bounce. That bounce tells you all you need to know for the long term prospects.
Simply put...a lot of big money was waiting for this morning and it's now pouring in. Don't envision we will see anything close to these prices going forward...and that includes the unlocks on Dec 2nd.
Agree. Simply too much cash and potential for this company to fail. They are just a little late to the party but have a nice pipeline for 2019 and beyond.
NOBO
Thanks for everything. Have been here for a long long time and know that you have been here A LOT longer than me.
Appreciated your patience clarifying everything for our new investors.
KUDOS
How Much Do I Love This Stock?
Just added 1 Mil at $.0046.
Last Sept added 1 Mil and another in Nov for $205 per Mil.
I hated the stock back then at $.0002. Despite it's price
I Love the stock now at $.0046. Even at this price for a Buy
Not one to buy a stock at 2,144% premium unless I LOVE IT!
9 Mil and done. Looking forward to a fun ride
How Impressive Is This!
Deal wouldn't happen if just a fraction of Citron's allegations were true. So now we can put that chapter to rest.
Namaste Announces Closing of $51,750,000 Bought Deal Financing Including Full Exercise of Over-Allotment Option
VANCOUVER, British Columbia, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that it has closed today its previously announced "bought deal" short form prospectus offering of units, including the exercise in full of the over-allotment option (the "Offering").
A total of 17,250,000 units of the Company ("Units") were sold at a price of $3.00 per Unit (the "Issue Price") for gross proceeds of $51,750,000. The Offering was completed by a syndicate of underwriters led by Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and joint bookrunners, and including Laurentian Bank Securities Inc. (the "Underwriters"). Each Unit was comprised of one common share in the capital of the Company (a "Common Share") and three-quarters of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $3.15 until October 25, 2023.
It is anticipated that the Warrants will commence trading on the TSXV Venture Exchange ("TSXV") on Monday, October 29, 2018 under the symbol "N.WT.A."
In consideration for their services, the Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering and compensation options (each a "Compensation Option") equal to 6% of the Units sold pursuant to the Offering. Each Compensation Option entitles the holder thereof to purchase one Unit at the Issue Price until October 25, 2023.
The net proceeds of the Offering are expected to be used by the Company for inventory and supplies, capital improvements, personnel and facility operations, integration and expansion of e-commerce platforms and customer bases, and for working capital and general corporate purposes, as more particularly described in the Company's final prospectus.
The Offering is subject to TSXV final acceptance of requisite regulatory filings.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.
About Namaste Technologies Inc.
Namaste Technologies is Your Everything Cannabis Store(tm). Namaste operates the largest global cannabis ecommerce platform with over 30 websites in 20+ countries under various brands. Namaste's product offering through its subsidiaries includes vaporizers, glassware, accessories, CBD products, and medical cannabis through its wholly owned subsidiary CannMart in the Canadian market. Namaste has developed and acquired innovative technology platforms including NamasteMD.com, and in May 2018 the Company acquired a leading e-commerce AI and Machine Learning Company, Findify AB. Findify uses artificial intelligence algorithms to optimize and personalize a consumer's on-site buying experience. Namaste is focused on leveraging its cutting-edge technology to enhance the user experience throughout its platforms. Namaste will continue to develop and acquire innovative technologies which will provide value to the Company and to its shareholders as well as to the broader cannabis market.
On behalf of the Board of Directors
"Sean Dollinger"
Chief Executive Officer
Direct: +1 604-355-6100
Email: info@namastetechnologies.com
Further information on the Company and its products can be accessed through the links below:
NamasteTechnologies.com
NamasteMD.com
NamasteVapes.ca
Everyonedoesit.ca
Other than insurance and the convenience factor along with the stigma that some people may feel in physically going into a store is the simple fact that Medical is in many ways better.
Medical is stronger
Medical is usually cheaper (by strength)
Medical is almost always more consistent (rec is sometimes hit or miss especially on edibles as to their concentration).
Erpy. I think it was an excellent time to buy.
Nice Job and Timed Well!
Nice but it's a different company.
Funniest Post Of The Year!
If that is the case, cannot speak to the status of the ticker. My understanding from RO was that Wang bought it because he wanted one (not that he needed one). What Wang did with it...have no idea. Have not looked in on this stock since late Winter.
Thanks
Not A Scam! Why do people say this? Company has done nothing to bolster price, no pumps, nothing, and certainly no dumps.
Shared this between 9 months and a year ago. RO was approached by Wang to find an OTC ticker.
After looking a few over, Wang went with this one.
Wang wanted a ticker like silly rich people want a G5 or a yacht. Just so he could have one.
What does Wang want to do with the ticker? RO doesn't know, not his job. Ticker just gives Wang options.
IMO, now that the price is under 5% of it's former glory...it may have more of a use to Wang.
This stock is simply a gamble. Will assets be moved into it? If yes, it's a home run, if not it's a loss. Remember, Chinese are not one to do things quickly. I'm 50% out and a holder "Just in Case" on the other 50% and will add more if price becomes silly low. At this point you are at a roulette table betting on red or black.
It Is Just This Simple. How do I know? RO told me. All you have to do is ask him.
All this amazing DD is impressive...but unless he decides to move assets..it means little to shareholders.
Brilliant Find. Left's Ex Shorting Him and Wins!
kudos
Quiet Period?
Been away for a week. What did I miss that warranted a quiet period?
Too many glaring errors in this Seeking Alpha piece to give it any credibility.
It's just one persons view and they missed a lot of key information and misinterpreted much more.
Next.
Clay's here. Makes sense as just heard Andrew Left is working on another short campaign for NXTTF. Fun Times.
And just over 16 Million in Canada
Unsure. Likely T-trades handled during the day and just posting later.
Just a guess.
Just google YouTube Namaste 420.
They do a weekly YouTube show.
NYSAL, you're fine, few pennies aren't going to make a difference
Am into long term gains here (over a year) and up 14x with ZERO plans to sell. You will do great...patience is the key.
Check back in 2-3 months. You will be happy.
Check back in 2-3 years. You will be silly happy.
Remember: Money is made over a lifetime.
GLTA
Give MM's a chance. There will be some strong volatility early today.
Then it should see a more consistent rise.
Patience Grasshopper
Now Trading in US.
Trading in Canada.
Currently up 15% on volume of 3.5 Million shares as of 8:40 am.
I belong to a number of boards and groups and most consider Namaste a joke....hence the view to short.
Several were unaware late Friday of what was going to happen to them on Monday. Were not happy when told.
Most people in the space have a fixed idea of how this industry is going to play out and are highly resistant to what many of us longs looks to be the best business model for the industry.
Many think the massive PR's Namaste issues are nothing more than pumps...instead of transparency.
Shorting has also been highly profitable in the past with Namaste and so most give no thought to what we knew was coming...lets call it complaicency with some ignorance.
Name 1 penny stock that issues as many PR's and video's and actually does what it says....there arent any.
So Namaste stands alone and has been an easy target. Shorts will continue...as thats just part of the market...same as day traders. Longs see the vision and will hold strong for a long long time as this party is just getting started.
Absolutely.
Your in on the ground floor of an industry that will be doing well over 600 Billion in a few years. An industry that will transform beverage , consumer products and pharmaceuticals.
Stock is going to do nothing but go up.
Take whatever profits you need but this is a multi year runner and we have just barely left the starting gate.
Money best served in the stock than out. IMHO.
Aston Martin Vantage or DB11 for me but not till next year. Shares too valuable to sell for a highly depreciating asset.
Waiting for silly money.
It's unlikely but dang... I truly hope you get it
Funny jgiles,
Already mostly retired. However, don't have the $2 Million dollar home in Cabo, wait...make that $4 Million.
So I'm going to have to wait a few years assuming Sean does a good job.
lol
Will help if some big names join TGOD and Aurora like Constellation Brands did with Canopy. Just a matter of time before consolidation happens in that industry and the big guys from Alcohol, Consumer Products and Pharma start hedging their bets.
Getting back to Namaste...aka NAMAZON. Know who has the domain for NAMAZON?
AMAZON
$11.50 for $1 Million in Profit on Namaste.
Retirement account is a little over 100k shares of Namaste and 105k TGOD along with some smaller chunks of Aurora, Aphria, LHSIF, CannaRoyalty, Organigram, Lexaria, Emblem and about a dozen more cannabis stocks.
2018 = Amazing Year
2019 = Much better than 2018
GLTA
Moved all mine from $7.77 to $50.
Nobody is getting my shares for a long long time.
Congrats to all.
Erpy, you have me by 7K shares.
Congrats!
If license, $.20 isn't likely enough to buy on Monday AM.
IMHO.