Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Another Friday comes and goes without a peep about Labz. No license ,no updates. I was told that we would see some updates on Labz. Yet, still nothing.
I don't count on anything and always expect the worst.
I have been watching their relationship with Shopify since they said there was an investor kicking their tires back in 2019.
If they get Vendorlink up and running in a bigger way then you got to think that they would be going after the provincial sites. Shopify would become their dirrect competition.
Why would you spend two years building your own stand alone platform and then utilize software components that belong to your biggest competitor.
They just seem really tight with Shopify. Maybe it is just a great working relationship.
Who knows.
You are getting ready for when Shopify buys in?
I have a new name for Vendorlink.
"Shopify, health and wellness "
Namaste and Shopify seem to have a very cosy relationship.
You would think that Shopify would see Vendorlink as competition.
I finally got an answer.
Vendorlink is a standalone platform. They do leverage a few components from Shopify plus a suite of other accessories. None of which restricts the platform.
The alternative is that it is a few pieces of software designed to work in conjunction with Shopify's platform and outside of that it is worthless.
So I assume that if you don't tell us then there must be something you don't want us to understand. Your hiding something.
I have asked IR at least 5 times to get a simple answer to this question.
Does Vendorlink still require Shopify to function.
Why the big secret?
The market confidence is at zero for this company. Yet the potential is huge.
I see that as a management issue.
We have very little info on anything I have mentioned. We got a brief vague explanation for the Choklat fiasco. It is always like that. Never any facts.
Someone with experience. This company has so much potential.
I see zero accountability. What they do is hide everything.
Choklat, no real info on why they couldn't get it to market.
Ignite, was a mistake from the get go.
No answers on why it was terminated.
Kief??????
Why did sales settle back in Q3?
Vendorlink, why did they not separate medical and rec from the start. Anyone with a brain could see that it was confusing and would cause lots of issues. You can't even legally mix the two.
I have been invested in this for two plus years and it is time for them to be accountable.
This company has no comprehension on how to promote themselves.
Everything they do is always so hush hush. Then we find out that they failed.
I am at the point where I think we need a new CEO. Some fresh blood. Someone who can communicate and guide the company out of the basement.
IR says they have big inventory and it is high margin product.
It is an invisible building. With invisible equipment.
If they go through another Friday without Labz license. Then they should put together a promo video of the site. I have waited so long for this to become a reality I wonder if it is real.
Show us where the money went, Meni.
I think Namastevapes.com is owned by Peakbirch.
The volume is very important. There has been no interest partly because most of the shares have been controlled by longs. Day traders and shorts need volume.
The best thing that could happen is for a ton of longs to finally bail and dump a bunch of shares back on the market.
We used to see 20 mil a day on this thing.
We all know that they will need money to continue the marathon. Raising a ton of cash at $1.00 would be palatable but at .20 cents?
This Q was to start the path back to a $1.00. They are OK for two more Q's so here's hopping. They also don't need to raise it all at once. They are a couple of years away from real growth. They have accomplished a lot but they are still a long way from profitability.
I am sure that Meni knows they need a large event to move the needle in the right direction before they dip into the cash raise. The shelf is enough money fore 3 to fore years at todays burn rate.
They risked a lot to build Vendorlink but I think it was their only way forward. I see Cannmart as their testing ground for the future.
Meni has been dumping huge amounts of company cash into development of Vendorlink. He has basically put the entire future of this company in the hands of his tech team. We all know that they have been spending more on staff then the company's gross rev's were.
So Vendorlink is now up and running. Now is the time for Meni to show us why he risked the entire company to produce software. I think we are going to become a full blown tech company.
He has two Q's of cash to make this work. I feel he will be hard pressed to raise cash.
Lets hope their is a large investor waiting in the wings.
There is a fairly large change. For Sask sales you now chose between rec and med.
Before the two were mixed together.
Namastes client asked them to pause the service to solve some problems. They expect to be back up eventually.
I was wondering if they are monitoring IP addresses. It could be a added security level.
Probably not a thing.
Is there anyone that lives in Saskatchewan posting on here. Have you tried going to vendorlink.
Dose it work from Sask.
Sounds like Vendorlink has crashed. I know it is all new and Meni said it was complicated. That is why they wanted to start in a smaller market. I think it has been down for a few days. Most of this week.
I doubt this is because of a leak over Q3 fins.
I think it is another province coming on line Vendorlink is what will drive this.
Let's hope it is more than just a pump dump.I am tired of those.
We will see how many are willing to be happy with a quick bit of cash. If this is leaks to do with Vendorlink then we could be looking at 2's and 3's just down the road. There could be way more profit then a quick little run.
Lol, they don't allow delivery yet. Client must pick it up Show ID.
It is however a beginning and a lot of people order on line and pick it up. It is the only way I shop at Ikea.
I noticed today that the rules for BC stores change Aug 4th. They can now sell on line.
What they need is a platform to connect them to their clients.
It would be nice if they would discuss it. IR is a dead end.
I wonder if Vendorlink relys on Shopify or if it stands on it's own?
I asked IR and they were no help.
I got an email from Kief. They say that their product should be on Cannmart in a few days.
I think that Nam is cleaning house in prep for a full blown promotion of Vendorlink. The goal for some time has been to move towards a consignment system. They must not be in competition with anyone.
Everything they do will be classed as a service. If you don't have a license we will process and sell it on Vendorlink for you. Even Labs will be used to create products for customer's.
Everything they do will be a service fee with absolutely no risk to Nam.
We are all guessing here but the possibilities are there. There hopefully is more provincial bodies interested in the service but they can't be getting involved in something that could be considered a conflict of interest. If Nam is going to supply an E-commerce sales platform and hope to entice provincial bodies then they must focus on just that.
They will not want to look like competitors. They want to be there to support and supply services to the other LP.
Everything from sales license to processing. Then off to there market place.
"Vendorlink "
Was there any recordings of Meni's talk from the AGM?
The government is so stupid and are most of the problem. The largest market in Canada has the least stores. They handcuff some companies under the medical label. They are trying to control the on line sales.
They need to give legal the same freedom as they seem to be giving the black market.
Get rid of the medical label.
Allow full on line sales.
Then they can focus on cleaning out the black market. Tax money is being missed. Don't put those who sell without a license in jail. Tax and fine the crap out of them.
Hand them over to revenue Canada. Freeze their accounts. Money talks.
This management is executing on their plan daily.
BC site just listed 2 Phyto live Resins. Alberta just restocked and is back up to 19 sku's.
BC site just listed 2 Phyto live Resins. Alberta just restocked and is back up to 19 sku's.
That could be a total of 6 mil over the 9 months.
Q3 sales o well over 10 mil.
AGM showed that the B2B sales have gone from 0 to 6mil in 9 months. Meni said that B2B sales began at the end of 2019. So we had 6mil of B2B sales in Q3. If you add B2C , Vape sales, MD and Findify we should be well over 10 mil.
I think some where around 11.5 mil.
Wow, not one question.