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If your going to bash you need to come up with something that is realistic. Reverse split. LOL
Dismal financials? Maybe.
There are things about this company that can drive you nuts. Some are out of the control of management some aren't.
None of that changes the fact that it is one of the top potential growth stocks in the pot sector.
Cash on hand for at least 2 years, low overhead eCommerce business selling medical and rec. Plus a budding tech side in Findify.
Cannmart Labs and Choklat.
Last year we went close to seven months with no financial updates. This year we will be at least 5 months without seeing any financial numbers.
They would have only 90 days if they were on something other then the Venture.
You can burn a lot of cash in 6 months.
I personally see this delay as poor management. But I have been invested with these guys long enough to have 0 tolerance left for late financials.
Like I said, they used their mulligan.
Why did they even need to use the extra time allotted?
This is a company that has a bad rep for missing financials. Good management would have made sure this didn't happen. They had four months.
I also think they should stop paying for IR. Eric is useless. I personally think they should just start paying " Sweetsweetlove".
He does a better job all around.
Being on the Venture gives them 120 days. Otherwise they would need to do it in 90 days. Not a hope in **ll they could make that deadline.
Q1 is produced internally so there should be no excuse for being late with Q1. We should see year end plus Q1 on the 30th.
As a long term investor in Namaste I am quit pleased with the overall direction of the company. BUT, I can understand why larger investors are not investing here.
Two years in a row now they have not been able to make their fully audited financials. Again this year it will be 5 months . Meni and company should be embarrassed. They spent big bucks restructuring and organizing things to make sure this would not happen again. Yet here we are. 5 months for year end. SOMEONES HEAD SHOULD ROLE. How can an investor make prudent decisions if a company refuses to give you the guidance required by law.
I also feel that part of their job is to protect our investment. To professionally sell the company.
When was the last time you seen or heard anything from them about on going operations.
Updates on Findify and how it is growing. How about a simple release to do with Brazil, a site that seems to have miraculously reopened without any info from our glorious leader.
Will the Q1 be on time or will they use the same 45 day mulligan to cover over mismanagement.
Meni,we want to know where the cash sits. 5 to six months with no reporting is unacceptable.
Giovanni; Future growth is not priced in. That's why you invest in companies like this, potential growth over the years.
Taking this form .30 to $5.00 does nothing for the company. Solid financials will.
Solid financials showing continued growth and balanced books "COMING SOON"!
LOL
Namastevape Brazil.
I emailed them and asked if they were open for business. With in a half hour I got this back.
" We are working normally, dispatching every day."
Best
Mauricio
Giovanni; LOL. You are on and on about Namaste doing a reverse split. This would do nothing to benefit Namaste. ACB is in an entirely different circumstance. ACB is struggling to maintain what they have. Financing agreements and staying on the NASDAQ could all be at risk, I suspect,
investors and some stock exchanges don't like penny stocks. ACB is starting to look like one.
So tell us what this great reverse split you keep preaching is going to do for Namaste.
Most of the large producers were looking at a global market. That market has not come to be yet and is probably many years away. They over spent on infrastructure.
Namaste is not only sitting in a strong cash position but they affiliated themselves with smaller craft producers who are set up to weather the storm. They have low overhead and produce a high grade product. they have made a lot of solid moves.
At the bottom of the site they have personal reviews posted. The dates go back to march 30/2020 and latest for yesterday. It looks active.
Sweetsweetlove ; IF they have reopened the Brazil site why was their not a company release? There was one when it was closed.
For those looking to pick up some shares today you had a choice between .29 or .29.
For those looking to pick up some shares today you had a choice between .29 or .29.
It is a smart move by the company. They have set it up to get there loan money back. Plus turn their shares into profit down the road.
They don't need to be running and "financing" a delivery company.
Not only does WCE have 51% it looks like Nam gave up their voting rights for the rest of the shares.
Namaste has made a decision to move on from PE. They made a deal to turn it into cash over the next two years.
They are stream lining their business and focusing only on what they see as profitable. PE will take a lot of capital to expand and they will be expanding for years to come. If their growth goes well, in two years Namaste will in a position to cash in.
Cannmart is restocking BC stores with Ignite products. Four now in stock.
Maintaining inventory will be a big test through this.
Stock it and it will sell.
C.pump up 14%
Findify will lead the way. You got to wonder where the SP would be if we were just a tech stock. Being in the pot industry could be holding us back.
Investor wise.
Findify's numbers should be pushing 3 mil per quarter.
Over 1800 clients and growing.
Nice to see Ignite products back the BC website. They are managing to restock some products.
What they need now is to be able to keep their inventory up. This will not be easy during this covid-19 mess.
Greenwillow; Ya , a bit confusing but at the end of the day Namaste moves on and gets shares back.
What ever happened to a quick clean deal. One that doesn't give you a headache to follow.
The one thing I noticed is that they gave up voting power to WCE.
They have moved on.
I was looking for someone with buisness back ground to explain the PE deal. The lone part makes sense but the sale of Namaste shares to WCE says that the proceeds from this will stay with PE. To further their expansion.
So they would sell their shares and give the proceeds to PE.
I know I am missing something here. They would still own 49%?
If anyone understands this please explain.
2019 Q3 ; Cannmart did $140,000 and Findify was $317.000.
Findify was up from $180,000 in Q3 of 2018.
Their site says they are now trusted by 1800 clients around the world. Minimum monthly charge seems to be $499 per month.
$898,200 per month. $2,694,600 per quarter.
Namaste's common shares of Pineapple Express Delivery, which is exercisable during a 60 day period beginning two years following the closing of the transaction between WCE and Pineapple Express Delivery.
" All funds paid as a result of the transaction, will be received by, and remain in Pineapple Express Delivery to further fuel its growth and ongoing operations".
This transaction allows Namaste's management to increase their focus on Namaste's core business, while adding a new conversion feature to Pineapple Express Delivery's debt thus providing a path to additional liquidity in the future.
It looks like Namaste will get their loan to PE paid back in the form of shares of WCE. WCE has bought out PE.
Namaste has also made an agreement in principal to allow WCE to purchase their PE shares down the road. Roughly two years down the road.
Am I seeing this right.
The money stays with PE?
Findify is becoming a leader in the e-commerce software industry. They are being connected with some very big names. The revenues for Findify will be fascinating to watch over the next few years.
So year end is expected to be released by April 30/2020. No mention of Q1 so they may push that off also. I expect that the 45 day extension will be used for the Q1 report also.
The on going saga with the licence for Labs is getting real old. The Government doesn't seem to want to give them a licence. Good thing that they are finding ways to get their extracts produced elsewhere.
I get the packaging delays. Tons of supplies for all kinds of products are being delayed. It is the problem with a world wide supply chain. Every ones economy is so interlinked.
Greenwillow; Eric says that it is not material news. I don't think they see the need to say anything. They are going to utilize the 45 day extension without any communication at all.
They have basically left the SP exposed to the vultures. All Eric's emails did is create confusion.
I love the direction of this company right now but their lack of care for shareholders is bizarre. I have no interest in selling so for me it is meaningless but some will panic and lose their shirts
Don't expect any company release as they don't see the need to tell us anything. Or to try and protect your investment at all.
"As you can appreciate, these are unprecedented times and limitations on resources are a reality. We are working as diligently and efficiently as possible; however, limiting factors due to the impacts from COVID-19 are inevitable.
This is a blanket order that was announced by the Canadian Securities Administrators on March 18th which could be utilized by any company with filing deadlines for certain periodic filings required to be made on or before June, 1 2020. I have included a link to the CSA announcement for reference. As noted in the third paragraph, issuers relying on the exemption and that are complying with the conditions of the relief will not have to file for management cease trade orders as they will not be noted in default. This is not material news and, as such, there is no requirement to issue a news release.
securities-administrators.ca/aboutcsa.aspx?id=1877
Regards,
Eric
Cannmart has a product that is 30% THC.
Scout72; No link to corporate release just an E-mail from Eric.
The company is currently expecting to utilize the 45 day extension granted by the Ontario Securities Commission due to the potential impacts from COVID-19.
Regards,
Eric
I find it hard to believe that Covid-19 has impacted the November financials. They have had four months to get them done. Meni and crew have been on top of things and made few mistakes to this point. I have to think that they have a reason that benefits the company in the long run.
Time will tell.
It looks like they will use the 45 day grace period. Very disappointing.
I have an email in and will post the response. If I get one. It dose sound bogus.
Is there any solid info on whether they will file year end on time? There is rumors that they will use a 45 day government grace period. Covid-19 related.
This could be a solid revenue stream. Yet no company release.
Neto is owned by Telstra. Neto's software will interface with companies like Amazon.....