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I think it will pullback december sell off for sector tax write off time then Jan ramp up
Yes I'm loving these numbers been averaging down since 15 months ago I've had a limit order in for .25 u.s for over a month I'm hoping hit that tomorrow I still think the stock will go down because of a sell-off in December for the end-of-year tax write-off I can average down more in December.
That's a good point also nxttf might appeal for a buyout from larger company to add to their portfolio
Sounds great on paper but wouldn't that mean other players with deeper pockets in u.s. will pretty much clone what Namaste is doing right now selling MJ online? Just wanting feedback from other people on this
I think you're exactly right mostly sideways the rest of the year. I don't think the bottom is in yet because there's going to be a sell-off near the end of the year for tax purposes. I still have a limit order for .25 u.s now for about month I may have to adjust it up slightly but I think we're definitely near bottom
That would be very nice
No cry babies.....Every MJ stock in the sectors having the same exact issue so what you're saying doesn't even faze me if anybody's following MJ Market they will know the same thing look at hexo look at Aurora canopy, Med Men all of them are down instead of being pessimistic and the glass is half empty and a glass not half-full why don't you look at this opportunity and average down or just buy low that way you can reap the rewards when it's time down the line to Sell
Lol you don't sound very educated in this industry if you were you would know it's buy time now things will take off starting in the next year.
Exactly! And each one of our tech board members are already behind futurescape
Very interesting that our existing board members are already behind futurescape looks like they're just bring in the rest of the troops from futurescape to get Namaste back on track they must believe in the concept and the future of Namaste otherwise it would never entertain coming over with us.
Yes either way get in now
For sure two or three quarters from now going to be looking real nice people better get in now on this dirt cheap while it lasts
Almost dead on what I predicted revenue 3rd quarter will be 3.5mil
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This is the classic Gold Rush scenario from 1850s of California.
Everybody was mining for gold(producers growing weed) but the people who got rich were the ones selling the picks and shovels(Namaste)
Exactly and in addition all these producers that want to push their product so desperately will start approaching NXTTF to sell their product for them.
Yes I read that article previously it's pretty clear that some of the issues are Canada is very slow in approving sales licenses for retail sales everybody wants to be a grower it's basically a commodity now that puts Namaste Technologies in a great position until govt. start rolling out and approving more license in retail outlets because we are not a producer we can sell everybody's product which makes us more attractive for sellers to approach NXTTF to push product.
Of course it will show a crater just like every marijuana stock in the sector and I'll be right there to pick up more shares cuz it's going to take off in 2020
Well Vape sales was a majority of our income last quarter of about 4 million plus Vape sales have been declining in general pretty rapidly you add that on top of the rough start cannabis had in Canada just like all th LP's out there numbers were discouraging. The lackluster Vape sales maybe offset by some revenue from Pineapple Express.
My guess will be 3,500,000 anybody else? What is your estimate?
I believe so and I have a limit order in at .25 U.S.
I believe after earnings report just like all the other cannabis earnings aren't going to be pretty and the price per share is going to dip and I'm going to snatch up some more.
However I believe this last quarter will be the end and the start of a new beginning and moving forward all quarters I think we'll have incrementally increasing numbers.
Yes I think Namaste will dump Vapes in my opinion it won't be very soon because that was pretty much the sole source of revenue 4 million dollars worth last year.... they need to get other parts of the business and partnerships revenue moving like Choklates, pineapple Express, roll out edibles, etc before they cut Vapes off that'll take a little bit of time.
Yup exact same thing just happened HEXO just before earnings... I think this is relevant in the case for NXTTF.
Read the article lot of great information in there which is hard to come by but I thought Mani Morin was the CEO of Namaste technology which includes cannmart I didn't know there is a separate CEO for Cannmart
Prolly hooked up with Sean
I think most of us are thinking the same thing I wish they would give us updates on what they've achieved in accomplishment throughout the course of a quarter
Darrin Gill resigns today... one day before Edibles are legal.... Chief strategy officer
https://www.prnewswire.com/news-releases/namaste-provides-leadership-update-300939252.html
Do you think possibly it's because edibles may have a higher propensity for children and pets to have access to that they limit the amount of THC? IDK seems pretty risky if it's higher amounts
Yes it got obliterated today and pretty much setting the tone for the future for at least a couple of quarters and quite frankly it's starting to tick me off because these companys seem to start having a pattern of over inflating projected numbers and then the news/media and financial experts tells you what seems to be fact and just seems like some of these companies are misleading on their earnings until the last minute same thing happened with Aurora now it's happening with hexo.. I think a lot of people are starting to rethink this sector I'm still in on the sector but I think it's going to take a lot longer to be profitable in these companies than we anticipated maybe even another year or so.... nxttf is not immune to the sector
You just showed up reposting old stagnant information so I don't really think you're following NXTTF very closely
That would be great! more exposure
Anybody know What the 3rd quarter earnings deadline date for nxttf?
good then that shud qualify us for a major exchange?? or is i $4?
NXTTF numbers from last quarter wont be very good agreed its this quarter and the next 2 quarter is ramps up time so buy now be rewarded starting in a couple quarters. we are getting well diversified
for sure it will take a intermittant hit and i will buy more on the dip but it will be temporarily hit like all consumer scares
bout time this is great news! things are moving forward for u.s Markets matter of time now patience
Seeking Alpha just a bunch of stratesizers to take advantage of Short Selling I always laugh at their crap. however I think there's a couple of valid points in the vaping hoping that our new deals will offset the recent vaping issues in the public recently since most of our revenue previously came from vaping.
yea im thinking we are at new bottom rn either way im in long and will continue to average down
Fur sure I'm down to grab some more at .30 u.s or les
biggest volume in a loooong time over 1,000,000
regarding oils isnt it set by Canada government that oils cant sell any sooner than Dec 15th?