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Anticipating news tonight or pre-market per notification by company.
More details on the company’s rapidly expanding cannabis beverage business to include further details on the spinoff transaction will be included in an online presentation this Thursday, October 11th, 2018
Huge market to jump back into! Medical MJ in all 50 states.
That is a lot of volume!!!
I get peeling away a little to cover your investment, but the opportunity to change your financial life could be available to those that hold. Good luck to all!
If people would hold those shares the float will get eaten up pretty fast, and this thing will really fly!!
They all hold for 3 days until funds clear. Some won't allow you to sell then buy with those funds for 3 days either. TD does
Namaste does have the advantage of a "world supply" of MJ. Part of me was worried about them being able to keep the shelves stocked if there is a growing shortage, but having that world supply will help. Having a hard time keeping the shelves stocked would be a nice problem to have!
Also saw this affiliation piece between Aurora and Namaste.
Aurora is distinguished by its reputation as a partner and employer of choice in the global cannabis sector, having invested in and established strategic partnerships with a range of leading innovators, including: The Green Organic Dutchman Holdings Ltd. (TGOD.TO), Radient Technologies Inc. (RTI.V), Hempco Food and Fiber Inc. (HEMP.V), Cann Group Ltd. (CAN.AX), Micron Waste Technologies Inc. (CSE:MWM), Choom Holdings Inc. (CSE:CHOO), Namaste Technologies Inc. (TSXV:N.V), Evio Beauty Group (private), Wagner Dimas (private), CTT Pharmaceuticals (CTTH), and Alcanna Inc. (CLIQ.TO).
I registered with Cannmart (although I am from U.S.)and this is their response and hopefully this will answer a few marketing questions.
Thank you for registering with CannMart, Canada’s first ACMPR licensed distributor! We are hard at work fine tuning the ordering experience to be able to serve you better and are adding new products daily - including CBD dominant strains - to ensure a robust selection is available however at this time oils are not yet a part of our product offering though will be available soon!
Cannabis edibles and concentrates are not yet authorized for sale. Pending legislative amendments sale of these types of cannabis products will commence at some point in 2019.
If you are in the market for a vaporizers and accessories please check out Namaste Vapes Canada.
We are grateful you decided to register with us, and assure you we are hard at work fine tuning the ordering experience to be able to serve you better!
We appreciate your patience and look forward to delivering an amazing service to you.
The CannMart Team
Speaking of which, when is "quiet period" over?
The Utube video posted yesterday stated that Left has a group of lawyers he works with as a second prong in his short attacks. Short article by Citron didn't work very well so out come the paid advertisements to solicit shareholders to sue, and create doubt. I bet they don't even contact Namaste, and nothing comes of it. I know we are all getting tired of this crap though. I would like to see those he has affected retaliate with a class action against him. What a worthless puke of a human being.
I am hoping it is the issuance of a "master license" that will allow them to sell at stores and on-line. Or perhaps Aurora has made them an offer they can't refuse on a buyout. We shall find out on the 17th I guess.
Feel your pain Potter. Love my edibles too. In time.
It seems I recall edibles would be phased in later by the government so not a Cannmart issue, but regulatory. Any imput?
Apparently I was wrong. Lot of anger for a pot board. Think I will stay away and let the venom flow. See ya in a couple weeks!
Tinkered around with Cannmart website, and they did some improvements. Each strain of MJ has a thorough description of the "high" it gives you, what ailments each strain treats, flavor, odor, and guidance on how much too use. Now if they get all the other accessories, cbd, etc. so it looks like you are shopping Amazon we are onto something. Making headway!
The investigation is on behalf of shareholders. You probably have a few cry babies that reacted to the Citron piece, and went and got a lawyer because their share values dropped because of it. And of course the lawyer wants us to all jump on board. This is all being done during the "quiet period" so rebuttals are limited. The bullies of the world get their way when you can't or won't say or do anything back.
I know they were experiencing last minute regulatory issues from government, but should have held off putting Cannmart out there for all to see until it was worth seeing. They have a few thousand arm chair quarterbacks calling shots on what they should do and shouldn't do so bound to get it wrong once in a while. They said it was being fixed while we talk so shall see.
Nice to have a quiet chill board to post on. Lots of toxicity on the other ones. Its been an interesting summer. Most were expecting big run ups by now. I guess revenues will talk, and we are getting close to the time that will be happening. I am now hearing concerns that supply will run out fairly quickly industry wide. Hard to imagine after press releases of a glut, but it will be fun and interesting to see how it all plays out. GLTA all.
I have a feeling all pot stocks will be pretty volatile for the next two weeks so "Look Away" and save yourself from severe mood swings. Things will be all right after the 17th as there will be a lot of big time buying at that time.
Good find LivH. Emphasis on;
Namaste Technologies (NXTTF) (N)
Namaste operates the largest global cannabis e-commerce platform with over 30 websites throughout more than 20 countries under various brands. Through its subsidiaries, Namaste offers products such as vaporizers, glassware, accessories, CBD products, and medicinal marijuana.
Recently, the Namaste’s wholly-owned subsidiary, Cannmart Inc. received its ACMPR medical cannabis “sales-only” license with no cultivation, the first of its kind to be issued by Health Canada. Cannmart will operate as an online marketplace for medical cannabis sourced from multiple Licensed Producers and has secured over 13 domestic and international supply agreements.
This news followed the company’s wholly-owned subsidiary, Namaste Bahamas Inc., signing a distribution agreement with BlueSky Biologicals Inc, whereby Namaste Bahamas will distribute BlueSky’s full-spectrum, hemp-derived CBD products throughout its UK and European marketplace.
Not sure why this was reposted, but do take note of last line.
"Citron has exposed bigger and more sophisticated frauds than this one. Stay
tuned for part 3"
This is what they do for a living. Toss mud around hoping it sticks. They have attacked several MJ companies that recovered and excelled. Namaste will do the same.
Lots of red today in the MJ sector. Last ditch effort for shorts to beat down stocks prior to the 17th, then its off to the races. Still believe there are a lot of institutional buyers that can't buy in until its officially legal, and they are used to the Andrew Left types, and won't be selling into false claims, and biased commentary.
Sounds like the 11th will be the day they announce the deal.
It was definitely nice seeing some green!
I know the CannMart site just opened, but am curious if they are going to expand to include vaporizers, edibles, etc? Looks kind of stark right now!
Article on MJ shortage. Get that grow on in Canada going NOUV!!
Dianne Buckner · CBC News · Posted: Oct 03, 2018 4:00 AM ET | Last Updated: 4 hours ago
Angus Taylor of NewLeaf Cannabis is concerned that the chain's 17 soon-to-be-open locations in Alberta could run short of product. (Colin Hall/CBC News)
Licensed cannabis producers have vaults of marijuana, stocked with thousands upon thousands of kilograms ready for Oct. 17, but industry analysts are already predicting all that pot won't meet demand during the first year of legal recreational use.
"There is not currently enough legal supply of marijuana to actually supply all the recreational demand in Canada," said economist Rosalie Wyonch of the C.D. Howe Institute, a public policy think-tank.
"We didn't have enough producers far enough ahead from legalization that they'll actually be able to deliver enough product to market by the time legalization happens."
Shortage of legal weed would be a gift to black market, research suggests: Don Pittis
Aurora Cannabis 'more than ready' with pot supply
Wyonch has been tallying the inventory numbers licensed producers are required to provide to Health Canada, along with demand forecasts from Statistics Canada and the Parliamentary Budget Officer. She also reviewed the demand patterns in Colorado and Washington after those states legalized recreational cannabis use.
"I don't see empty shelves manifesting on the first day probably, and not the first month," she said. "But as the year progresses, what we'll see is either prices in the legal market will have to rise, or we'll actually see the supply shortage."
Economist Rosalie Wyonch of the C.D. Howe Institute has co-written a report about the size of the market for illegal cannabis. (Rob Krbavac/CBC News)
'Great concern'
In Alberta, Angus Taylor has raced to prepare 17 retail outlets for NewLeaf Cannabis.
One of his downtown Calgary stores is totally ready — display cases are full of accessories like pipes, bongs and rolling papers while a sampling station that will allow consumers to smell various strains of products is fitted with specially designed containers.
As legalization looms, Canada's pot companies about to be tested
Shoppers Drug Mart gets medical pot licence from Health Canada
But Taylor has already heard about the coming shortage from a number of suppliers.
"I recently heard comments from some of the CEOs, saying that they don't expect there to be enough product in the system, and that, of course, is of great concern to us."
Like Wyonch, he thinks the shortage won't happen right away.
"We're concerned about the second or the third orders, when the storage facilities at the licensed producers start to get a bit bare."
How much weed do we need?
Accurate numbers for supply and demand of cannabis are difficult to gauge. On the demand side, there's no way to know for sure exactly how much cannabis Canadians typically consume on an annual basis; black market sales figures are by their nature sketchy at best.
In August, Statistics Canada released a survey of cannabis users that provided information on which analysts could base demand estimates. It's also possible to look at other legal marketplaces and extrapolate based on population. Canaccord Genuity, one of the most active investment firms in the cannabis business, estimates current annual Canadian demand is between 400,000 to 500,000 kilograms. Health Canada's demand forecast is close to twice that at 926,000 kilograms.
As for supply, the industry's most recent official inventory report covers the quarter that ended in June. It shows just 66,404 kilograms of dried cannabis for medical use on hand at that time. There is no data available on what may have been stockpiled for recreational use.
Like many other licensed producers, Canopy Growth has a vault full of cannabis ready for Oct. 17 and beyond. (Keith Whelan/CBC News)
Speeding up production
Health Canada says production has been ramped up in a big way. Since July 2017, it has licensed 73 additional producers and more than 160 expansions of existing facilities have been approved. There are now at least 117 licensed producers, coast to coast.
In an email to CBC News, a spokesperson for Health Canada wrote: "Based on current inventory levels and growth in production capacity, the industry is well positioned to supply product as consumers transition to the legal market."
But Wyonch of the C.D. Howe Institute insists there are bound to be shortfalls along the way.
Shoppers Drug Mart get medical pot license
Canadian cannabis companies invest millions in Pablo Escobar's home turf in Colombia
"At the end of the day, this is an agricultural product. It takes time to plant, grow, harvest and process, even after you've done all the regulatory requirements," she pointed out.
She also said that the black market will be ready to fill any supply gaps.
"As a country, we don't have a shortage of marijuana; we have a shortage of legal marijuana."
Black market to stay in business
The federal government has said one of the key reasons for the legalization of recreational cannabis use is to get rid of the black market. But it seems officials are aware that will take time.
In its statement to CBC, Health Canada acknowledged that "based on the experience in U.S. states … the displacement of the illegal market will follow a similar pattern of incremental growth over the first few years."
Angus Taylor shows off the empty shelves in the backroom of one of NewLeaf Cannabis's new stores. (Colin Hall/CBC News)
Wyonch estimates Canadian producers will be able to supply one-third of what consumers will want in the first year: about 200,000 kilograms. That means local black market drug dealers aren't going to see business dry up altogether overnight.
"Canada has a very prolific and highly functional black market," Wyonch said.
ABOUT THE AUTHOR
Dianne Buckner
Nice strong close today. It will be interesting to see if we break through the $1.82 mark tomorrow, or bounce around for a while
Management is an extremely hard working bunch. We just need to see if the business model lives up to expectations. I really have high hopes for Namaste, but honestly it will be revenues from that model that will drive the stock price up to double digits. That will take time. If dips are illogical like this one add on. If its a result of disappointing revenues maybe not. IMHO
NYSal,
I was adding on as it went down figuring each time was the bottom so don't feel alone. Quite a freefall! Nature of the beast. Hopefully it will go up at same pace, but at any rate in a years time your entry point will be just fine.
Welcome ronieye,
There are others that have been here longer then myself, but yeah IMHO I would be surprised if Namaste doesn't exceed $5 by end of year with all the catalysts it has going forward. Forbes has them at $7 valuation now. I mean you own shares of a worldwide company in the hottest industry to come around in a long time. Feel good about what you have, take a little off the table to cover your investment at next runup then the rest is "house money" as they say. Good luck to you
Interesting reading from Strategic Investor;
Dear Reader,
A lot of really smart people think that pot stocks are just another bubble.
They're wrong...
And it's costing them hundreds of millions of dollars.
In fact, in the last 60 days, investors shorting cannabis stocks have lost a total of $626 million.
According to S3 partners - one of the leading companies tracking investor behavior - the folks betting against this marijuana market are losing another $2.4 million every day.
And everything we've seen so far looks really bad for those short sellers.
• Smart companies like Constellation Brands are dumping billions of dollars into the marijuana market...
• Cannabis stocks like New Age Beverage Corp. are up more than 38% since last Friday...
• And President Trump's administration just gave permission for organizations in California to import marijuana from certain Canadian cannabis companies.
The futures so bright I gotta wear shades!
MJ stocks will continue to get shorted until revenues prove otherwise. License was apparently priced into stock price already. I have bought this stock at over $2.00 on a couple of occasions, averaged down to where $1.40 is my breakeven. The difference is I am not whining about the drop because this is what the stock market does. It goes up, it goes down. Buy when its down, sell when its up. Not rocket science my friend.
That was directed at ATT Greenwillow.
Now that these investors of Namaste have took the time to answer your questions, could you answer ours. Are you an investor of Namaste?
My first investment in Namaste was at $2.40 during its run up at the beginning of year. I too wondered what I had gotten myself into. Along the way the conviction of Sean and Kory and the tangible growth in the company that I was seeing got me to keep adding. I added a great deal at $.80 to $1.20 so the drop was a blessing. I would look at this as a blessing. Add on to dollar cost average down, and you will be very happy in 3 years. In regards to the Nasdaq, yes it would be great. We will have institutional buyers and fund managers that know about ebb and flows of the market and don't panic when shares drop from time to time. By the way I am retiring next year as well so have a 3-5 year horizon. Best of luck to all.
I agree that it will probably bounce back and forth between $1.80 and $2 for a bit, then start its run up to new heights.
And their latest masterpiece is a "healing cream" that will add another $500 to their revenue. I was in on this early on when they were building up their platform. It showed a lot of potential, but have pulled a lot of money out since. I can't believe they aren't being sued by people who financed this mess.
Oh good. We have a new troll to play with!
And the irony is we can't even use Namaste services!