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Yes. I know. It is a good thing.
I would have done the same thing. If anything, its going to piss Sean off because the bad press put him over a barrel. Regardless, its a great deal!! Bottom line
Exactly. Its like no one can be happy about anything anymore on this board. They renegotiated the deal because of all the bad press BFD! Its called business.
Totally agree. When patient counts and earnings come, hold on. I am sure there are plenty of things that we dont know about. Good times ahead
Bulk sale of stock to a bank or financial institution at a set price.
In this case, approximately $45,000,000 dollars worth
Certainty is perceived to be the advantage of the bought deal: an issuer (Namaste) knows that once the deal is signed, it will receive the agreed upon net proceeds, because the risk is transferred to the underwriters.
No reason to be concerned IMO. With all the BS going on, 8 Capital saw an opportunity to sweeten the deal. I would have done the same thing.
Agreed! I assume that means the audit was successful as well as part of the process. Great news!
Namaste Announces Filing of Final Prospectus and Enters Into Amended and Restated Underwriting Agreement
10/19/18, 2:25 PM
NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, British Columbia, Oct. 19, 2018 (GLOBE NEWSWIRE) -- Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that it has filed a final short form prospectus in connection with its bought deal offering of 15,000,000 units of the Company at $3.00 per unit (the “Offering”) previously announced on September 26, 2018. The prospectus has been filed in each of the Provinces of Canada, other than Québec.
The Company and the underwriters have also entered into an amended and restated underwriting agreement amending the terms of the warrants issuable in connection with the units, and pursuant to the exercise of the underwriters’ compensation options, such that:
the units will be comprised of three-quarters of one common share purchase warrant (from one-half);
each whole warrant will be exercisable at $3.15 per common share (from $3.50); and
each warrant will be exercisable for a period of 60 months (from 48 months).
Closing of the Offering is scheduled on or about October 25, 2018. The Offering is subject to the issuance of a final receipt by the applicable securities regulatory authorities, and TSXV Venture Exchange (“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™. 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
Forward-looking Information
This news release may contain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements regarding the anticipated closing of the Offering, the issuance of a final receipt, and the final acceptance of the TSXV, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Nam-tech-logo.jpg
Source: Namast
I think it all happens tomorrow. In a big way!
Going out on a limb and saying this thing gets halted for news tomorrow. They might even let it soak in over the weekend. Wouldn’t be the first time. JMHO
Going out on a limb and saying this thing gets halted for news tomorrow. They might even let it soak in over the weekend. Wouldn’t be the first time. JMHO
Agreed. Good times ahead indeed! Enjoy it Bud!
I am locked and loaded. VERY happy with my position
You and me both.
Set up for a run into the close IMO
Well said.
Funny part about it is by the time it is over, Namaste will most likely be above $2.90. IMO LOL
He is one of those guys that will argue a point he knows isn’t true just to argue. I usually don’t entertain his foolery but I am bored waiting for my burgers on the grill.
Namaste’s reach is global and basing a purchase of a stock based on one experience with a company with limited reach shows how inept he is.
I actually think he might be smart but I wouldn’t bet on that only meeting him once like he did in Vegas. I doubt he was even in the store.
I think I will choose the company in 20 countries
Exactly
You know what doesn’t take 2 hours because of crowds and can do way more business? The internet. Ecommerce, etc
I’ve been to the one in Vegas also. Took 2 hrs to get anything
That's Awesome!!!!!
I bet he has been going crazy not being able to fix the stuff/attacks on his/our company.
I bet when he gets the chance to fight back, it is going to be full blown man bun smash!
Fun in the sun with the Man-Bun? DONE!
See what I did there?
DANG!!!! Shots Fired!! ;)
Hope you both are doing well! Nice to see some friendly banter. :)
Exciting times G-Dub
Exactly! They are pulling out all the stops because the "quiet period" ends tomorrow. They took advantage of the 3 weeks they knew the company was VERY limited to how they could respond. For those of you that are new, the quiet period was/is necessary to finalize a 45 million dollar bought deal.
Be ready. It may not be exactly tomorrow, but when the man bun returns, it is go time on SO many levels!!
NXTTF
Really goes to show how strong this company is. When left alone, she runs like a boss. Getting manipulated so that people can get the shares is the highest form of flattery. It pisses me off sometimes but always remember: People don't target the companies with no potential. They are trying to shake the sugar tree because they know holding N shares is going to be like gold!
NXTTF LONG!
Yep. My basis rose off of $1.08 only because I bought the He11 out of this last dip.
NXTTF LONG!!!
Couldn't agree more.
Hard saying. So many catalysts here. Patient acquisition, sales, up-listing, supply agreements (alot of them that will be announced this week IMO) new emerging markets. Namaste has positioned themselves very well. Now it is time to continue execution of the plan which I do not think will be an issue.
NXTTF LONG
This week (and after) is going to be epic. We are going to hear alot about catalysts Wednesday, Thursday and Friday and beyond.
Agreed! Nice to see the true Namaste without all the outside manipulation. Rest the RSI for a few minutes and then run hard into the close!!!!
I’ll be right here too. This company will make me a millionaire.
“In time”
I have to do that from time to time also. Its good to do every once in a while. See ya when you get back!
"Pound sand" haven't heard that since my military days!
See Roger- Logical. If I had to "guess" (based on already posted info) the website is being redesigned based on newly enacted guidelines recently (last week) added by Health Canada