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Is this company still in business? Haven’t checked in on it for a year, has anything happened/changed? Has anyone heard anything from management? Thnx
https://thedeepdive.ca/dionymed-brands-to-be-taken-to-court-by-flow-capital/
They have to settle their current situation though, financing tied to assets so unless they can do some negotiating to keep creditors happy they will have to issue shares or get bought. I’m really surprised that a business this large and what looked to be very successful in the not too distant future got themselves in this situation instead of just issuing shares when pps was higher just like all the other mj companies in the sector? They only have I think like 58 million shares out there.
Anyone buying now down here?
I th8nk I read somewhere that once Gotham green lent them the last financing they instantly started shorting the stock to kill conversions. Gotham are some greedy fockers. I want to buy more to average way down but there is something about this company that isn’t right. Nobody giving them any respect and on fintwit they act like death spiral financing will bankrupt them? They service largest market in the world and if you believe their accounting this should be a homerun. Not sure why the coo resigned either? Is anyone buying at this level...
I don’t get it, I know they got some shitty financing but business model should be great. Distribution, delivery service in worlds largest market, branding, expansion? What am I not seeing here? Not a ton of shares out there, not too different from all the other mj companies? I don’t understand.
Yeah very sad. A lot of people and gonna get burned by this and gives the sector another black eye!
Awesome list of recognitions, only problem is most of info has been known besides recent q’s numbers for many months and yet the share price continues to get hammered and decline....
Looks like major buying opportunity incoming...Management sucks balls! This might get cheap enough to just get bought out. Just awful news, not extracting, not reselling flower, another 6-8 months for glasshouse. So sad what was such a promising company.
Have any of you guys checked out $CNTMF...looks to have some potential..
Be sure to add this stealthy mso to watch or buy list. Rapid expansion in Florida and one of very few license holders in Texas just to name a few of their bright spots. I have recently started a healthy position...
Uplifting has not happened for only one reason, same one since inception. Cannabis federally illegal so US companies that touch the plant cannot be on US exchanges. Grey area for us since technically hemp legalized recently but.....If the hopes of investors tied to uplist, might as well forget it because the fda is glacial. So all Cv can do is continue rapid expansion and we need to see better sales numbers going forward cuz old numbers ain’t gonna cut it anymore and we have been stuck in neutral for over a year! Something has to give soon, drug candidate needs to be somewhere by now, let’s go management...
So much for that huh? They have taken way too long to execute anything of merit which killed any momentum they would of had, this may just become another dead fish....
Have you tried contacting company to inquire?
Obviously we are all at of patience at this point, but we cannot live in the past we have to treat this with a fresh perspective and new eyes. Investors need to make all future decisions on what Namaste does going forward from today. That being said if they don’t execute some pretty aggressive initiatives then this company is dead in the water. No more management mumbo jumbo or veil of silence leaving investors to form their own conclusions. The company needs to pick a path and walk it. But it’s definitely time for them to let investors know what they he’ll is going on behind the numbers...
People need to trust the process and give it time, if they indeed produce a whole new marketplace concept...all bets are off and this thing blows up, we have real tech people in place now and excited to see the evolution to namazon!
Corporate Strategy Update
In relation to its strategy, the Company continues to invest in technology and infrastructure spending to position it to cater to domestic and international licensed producers, cultivators, micro-growers and ancillary device producers who may wish to distribute products through the Company’s proposed marketplace which is currently under development. The Company believes that as its end-to-end business proposition develops, it will be in a position to migrate the benefits of the user interface, user experience flows and integration between CannMart and the Company’s other properties to the new marketplace business model. This is expected to position the Company to provide sellers on the marketplace with a unique customer acquisition, conversion and distribution model that utilizes technology, business and artificial intelligence across the entire platform.
Let’s hope they start opening communications quick like after this super long cone of silence. It will be critical for the share price and co to convey new paths and how we are going to accelerate sales and growth..
Yeah numbers weren’t great and I didn’t expect them to be, overall sigh of relief. I hope the first thing they do with their treasure chest is hire a professional ass kicking ceo to compliment the systems they have in place and then just friggin execute, nothing more nothing less.
I do hope karma catches up with beavis and butthead aka Sean and Corey(and don’t think this little rat didn’t know what was going on) for fooking with our investment money.
Ready to move forward..let’s go $$
Well neither is their share price...It truly is funny how fkd up this industry is, print endless shares to go out and buy whatever and then turn around and reward selves(management) with shares and very big compensation acting like you cured cancer...thanks shareholders!
Do you think they will ever tell us current patient numbers??
Well they were a little busy saving the titanic from sinking. Now that all this crap out of the way they can get back to business and spreading the word, making deals, start selling all the killer craft bud, etc. etc.
Just be happy with what we got and now there is a little light at the end of the tunnel..
Nonsense. You are more then welcome to your opinions and thoughts here. This board has been awesome with nothing but positive vibes and good banter. Pay no attention to the new poster who I guess will have to be kept on a short lease. No need to act like a know it all or be condescending to other posters, everyone has their angle and end game so lets all keep it clean and positive or kick rocks!!
Man it’s like we’re starting over..pitching to investors never even heard of the other companies? Oh well gotta start to rebuild the empire somewhere..
Not till lifted by exchange.
“During the period in which the MCTO is effective, the general investing public, who are not insiders of the Company, will continue to be able to trade in the Company's listed common shares. However, the Company's CEO and CFO will not be able to trade the Company's shares until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted”
Horseshite..labs gonna be dropping positive pr bombs all summer..Wouldn’t be surprised if the name changes to Merck or Phizer by the fall... ??
Twitter probably your best bet for canna chatter and technicals. Gl
Thought on effect on share price going forward? I guess it’s better it’s done now so no surprises going into fall runs??
Seriously did you read anything before you invested in that dumpster fire of a c9mpany. Management of medmen is beyond horrendous...run don’t walk away from that pos!
This company is great at not impressing anyone! Cannot believe it’s 15 months later and they are still basically doing nothing while the whole industry has passed them by and left them in the dust. The industry party will be over by the time these deuschbags show up..yuk
You are good to go my friend. Red days in the market are not to be feared when you know what you own. Pretty certain most here aren’t selling until $10-15 with all we have going for us. Sleep easy knowing you own best in show!
A lot of people on fintwit thought it was no big deal since he was mainly to to with Canada operations and since they cancelled Canadian campus and selling off nhs no need for him??
Head to https://t.co/x4vybtaMtJ to sign up. pic.twitter.com/cqSl2XJ991
— CannMart (@cannmartca) May 22, 2019
No friggin doubt..hard to believe we aren’t trading a lot higher. Revs killing it, international expansion underway....let’s go market...$10/share believe it and achieve it!
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVIVO-2762126&symbol=VIVO®ion=C
This damn quiet period is killing Namaste, we should be issuing pr’s almost daily with new partners on the platform and instead giving up market share. These stupid fockers better not wait till the 12th hour to release, they need to get this shitshow on the road ASAP!
Yeah this is getting ridiculous I cannot believe we are trading down here when we should be $8-10 range by now. Friggin corrupt stock market manipulation! Lol :(