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Excellent question. Don't have a definitive answer for you on that and have asked several sources and they don't have a firm answer; however, HC did make a pre-mature announcement on Namaste earlier this year on a Friday regarding a license and the stock was temporarily shut down for HC updating their website too early.
So I'm assuming the company is notified late on a Friday (this seemed a little early) but it does make sense for HC to notify a company as a company needs to prepare PR's, make plans, etc.
If I were Sean and this is license...Exactly what I would do.
Halt for rest of day.
Giddy With Excitement. Anyone Else?
Namaste's Push for Nasdaq.
Namaste looks to be pushing for Nasdaq by working to increase share price by increasing stock awareness. They just hired Stonebridge Partners to aid in Namaste PR.
Pursuant to an agreement between StoneBridge Partners LLC and Namaste Technologies Inc. we have been hired for a period of 90 days beginning September 1, 2018 and ending December 1, 2018 to publicly disseminate information about (N) including on the Website and other media including Facebook and Twitter. We are being paid $7,500 per month for a period of 3 months.
Triple Witching Day! Lock Your Shares Up! Make them Pay!
Anticipate an exciting day here today folks. Shorts are highly motivated to drop price otherwise they are in deep sh*t.
Triple witching occurs when the contracts for stock index futures, stock index options and stock options expire on the same day. Triple witching days happen four times a year - on the third Friday of March, June, September and December. Triple witching days, particularly the final hour of trading preceding the closing bell, can result in escalated trading activity and volatility as traders close, roll out or offset their expiring positions.
Your friend is correct regarding the Uplist to Nasdaq.
That was Kory's reply on the Namaste portal.
HUGE NEWS. CEO BUYS 1.138 Million Shares at $2.96 CDN
Seriously don't know of any CEO in the industry dropping that amount of cash into his own company's stock.
This speaks volumes!!!!
Sean Dollinger Buys 1,138,000 Shares!!!!
That's right folks, CEO buys over 1.1 Million Shares.
https://www.canadianinsider.com/node/7?ticker=N
Between Sept 17 and 18, Sean purchased privately 1,138,000 Shares.
What does that tell you?
GLTA
I'm an investor...not a trader.
So don't like his angle.
Shorts are part of the market and are needed (at times)...just as MM's are...but let's go with a "Necessary Evil."
Brilliant PB.
On a different note...believe price of cannabis is going to continue to drop and the rec sales is only going to be a tiny part of the pie for these large LP's.
This is consistent with what Aurora, TGOD, Canopy and Tilray's CEO's have said. Real money is in consumer products where margins are much higher...so as price drops...their margins increase.
Whereas, that leaves Namaste as the leading candidate for sales in Canada.
So that leaves us Golden.
IMHO...GLTA
Completely different share structure with Tilray which makes it prone to such massive movements.
Nobody actually thought that price movement was sustainable.
Yes, Andrew was shorting it and promoting shorting it but as much as I despise him...he was right on this. After all, Tilray did $20 Million last year.
Remember, most of Tilray shares are very tightly held and when so few are available...volatility is inevitable.
Literally spit my drink out when reading your post.
Thank you for the chuckle.
Brilliant
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Last chance to exit this dumpster fire
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PotterBanker is 100% Correct.
This is truly meaningless.
Aphria had to do it as did Tilray. It's one of those things that sounds good to the Quebec powers that be and can be easily added back later. There is no shortage of LP's to get product from.
Left is too busy shorting Tilray at the moment https://www.bloomberg.com/news/articles/2018-09-18/world-s-most-valuable-pot-company-envisions-100-billion-future
Far more money for him and his crew to make there.
GLTA
No, but it's confirmation that it's coming. Health Canada is not going to go to the trouble of this if there was an issue.
This streamlines their buying, testing and brings product to customers faster all while saving a crazy amount of time and energy.
Essentially, it increases margins and efficiency in my opinion.
BAM!
Cannmart Receives Confirmation from Health Canada That It Will Be Allowed to Purchase Pre-Packaged, Labelled and Tested Cannabis Products VANCOUVER, Sept. 18, 2018 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that the Company's wholly-owned subsidiary, Cannmart Inc. ("Cannmart"), has received confirmation from Health Canada that Cannmart will be allowed to buy pre-packaged, labelled and tested cannabis products. This development is very significant for Cannmart in that it will eliminate the need for buying in bulk, testing and packaging which will significantly reduce overhead costs for Cannmart and thus increase gross profit margins. By allowing Cannmart to purchase pre-packaged medical cannabis products, the Company can remain focused on its areas of expertise in e-commerce and technology, and enable the Company to further expand on the products and services that can be provided through Cannmart. The update from Health Canada is extremely positive for the Company and will further support its strategy in establishing Cannmart as Canada's leading medical cannabis online marketplace. The update from Health Canada is a major milestone for Cannmart and the Canadian cannabis industry as a whole. In light of the upcoming regulation changes with the Cannabis Act, this amendment supports Licensed Producers, like Cannmart whose sole focus is on the sale and distribution of cannabis and cannabis products in Canada. Allowing Cannmart to purchase pre-packed products will not only eliminate the bottleneck at the Cannmart facility but more importantly, it will significantly reduce the costs associated with Cannmart and further support its business model. Most importantly, this decision will enable Cannmart to bring more value to patients in offering pre-packed, labelled products sourced directly from its Licensed Producer partners in a diverse online marketplace. Management Commentary Sean Dollinger, President and CEO of Namaste comments: "This is amazing news for Cannmart which will completely eliminate the need to buy bulk cannabis, test, unpack, weight and repack before it hits the shelves. We believe that this will allow us to maximize our output and profitability through Cannmart. We are thrilled to have received this update from Health Canada which only supports our business model and strategy in developing Canada's most innovative e-commerce platform to offer a curated selection medical cannabis products and the best user experience possible." About Namaste Technologies Inc. Namaste Technologies is Your Everything Cannabis Store™. Namaste operates the largest global cannabis e-commerce 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 the company will soon be selling medical cannabis in the Canadian market, subject to approval by Health Canada. Namaste has developed and acquired innovative technology platforms including NamasteMD.com, Canada's first Health Canada compliant telemedicine application, 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.
I see them doing something with TGOD's beverage division before considering LXRP. LXRP is still very very small with limited capabilities compared to TGOD or similar.
Just a different view.
Of course, TGOD is mostly Aurora anyways. They will continue to acquire shares in TGOD until they have a majority.
GLTA
Looking Great For The Week! $3 Soon. Chart Says It All!
GW. Nice Post & Find.
How times are changing. Also liked this interview between "The Street's" Cramer and TGOD's CEO last week in NY.
What Credibility?
LOL
Your Funny.
Stock up 1000% in 10 months. That is a FACT.
Your concern for us is much appreciated but not needed.
Enter TGODF as the symbol.
Thx.
Moderators...Please add Forbes Article to Links at top of page.
Thank You.
From Kory's Facebook Post regarding the SAQ & Nurses:
The article that was published is false and misleading in several respects. The author does not understand regulations and that NamasteMD and our platform is for Medical Cannabis under ACMPR which is federally mandated and is available to anyone across the country. The SAQ will regulate recreational cannabis in the province but the medical platform will remain. We have contacted the publisher and requested for them to remove the article and will also be in touch with SAQ.
Citron is Scammy, Sleezy and known to short.
Enough Said Here: https://www.scmp.com/business/money/investment-products/article/2009448/hong-kong-finds-citron-researchs-andrew-left
Day Traders / Flippers should be gone by the time we hit $2.35.
Then fun starts.
Got my $2.04's and $2.06's.
Officially out of money. GRRRRRRRRRR.
Anyone think this has a chance of finishing under $2.75 today?
lol
Rich is an "Idiot".
Government issues licenses on Friday's after trading.
Rich needs to be careful or "Rich" is going to be in "Trouble."
Google Trends Don't Lie:
This looks amazingly like the stock price.
CANADA: https://trends.google.com/trends/explore?geo=CA&q=namaste
Namaste's Fantastic New Portal: http://forum.namastetechnologies.com/
These guys are very responsive on their new portal. Have a question or suggestion...just ask.
Isn't this how all companies are supposed to be. Upfront, transparent, communicative, polite, respectful, etc.
Keep up the great work.
???? Who is Selling ????
???? Why would anyone sell right now ????
Baffling. This is a heartbeat away from $3.50.
When this is $10...people will be kicking themselves.
When this is $20...people will be very depressed
When this is $30...they will be telling stories of how they once owned this and stupidly sold it.
Reminded of a good friend of mine who's sister was one of the original startup people at Ebay and he got initial stock under the "friends and family." Long story short. He sold his stock for a Porsche. Well, he no longer has the Porsche and more importantly doesn't have the Millions of dollars he could have if he had patience.
Patience my friends. We will be rewarded.
For Nasdaq it is usually $4; however a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Am assuming they have already met the requirements for $3 per their earlier PR's.
Regardless of license tomorrow.
NXTTF will go up tomorrow.
NXTTF will also go up next week.
If License next Friday, it goes up the following week and so on and so on and so on.
Would take substantial capital to drive this down for shorts to cover tomorrow and even then it will re-trace back up as the day goes on. So there is a chance for a dip tomorrow if you want some shares. Otherwise, tie your shares up with sale prices of $7.77 or higher so MM can't use them.
GLTA Namaste Longs!
Noooooooooooooooo. How could you let that happen???
Sorry. Think your safe getting back in. Not sure we are going to see $1.80 ever again.
Mono, your usually spot on. This time I hope (we both hope) that your off.
IMO, license gives them Ontario with little competition till spring and that will convert a lot of people to go medical and they will remain loyal customers long after bricks and mortar go up.
Their valuation should fall more in line with some of the larger LP's...except these guys have lower risk and can scale faster than any other player in the market.
It's a Millennial World and will be for a long time to come. Namaste is primarily a Millennial company. Have learned...never underestimate the power of convenience.
As always, appreciate your insights.
License on Friday = $3.50 Next Week
$4 in October
$5 in December
Been here since $.20 and still accumulating.
This is basically stealing at under $3.
GLTA (Except Shorts...You have big balls and my sympathy).
Hope I'm wrong on the conservative side.
TORONTO, Sept. 04, 2018 (GLOBE NEWSWIRE) -- The Green Organic Dutchman Holdings Ltd. (the "Company" or “TGOD”) (TSX:TGOD) (US:TGODF) announces it has agreed with Aurora Cannabis Inc. (“Aurora”) (TSX:ACB) to extend Aurora’s exercise deadline of its first milestone option (the “Milestone Option”) under the TGOD Aurora Investor Rights Agreement by 6 weeks to October 12, 2018. The first Milestone Option entitles Aurora to acquire an additional 8% of the common shares of the Company.
For more information on the terms of Aurora’s strategic investment in TGOD, please view the press release from January 5th, 2018 here.
Further to the Investor Rights Agreement between TGOD and Aurora, dated January 12, 2018, the first Milestone Option was triggered on August 2, 2018, 90 days after TGOD’s initial public offering which closed on May 2, 2018. Under the Investor Rights Agreement, Aurora had 30 days to exercise the Milestone Option. The parties have agreed to extend the term, such that the Milestone Option will now expire on October 12, 2018.
“The Aurora partnership has been incredibly beneficial for both parties to date,” said Brian Athaide, TGOD’s CEO. “In addition to the organic supply agreement, the value of Aurora’s initial investment has increased nearly five-fold. In turn, the assistance provided by the Aurora team has helped accelerate our progress across all divisions, and we look forward to continuing our strategic partnership as we work towards building the largest organic cannabis brand in the world,” continued Athaide.
Terry Booth, CEO of Aurora, added, “We are pleased with the progress made at TGOD to date, as reflected by the significant appreciation of our investment. We are now working with the TGOD team on finalizing the details of our go forward partnership, and we will continue to support them as they execute on their strategy.”
On Behalf of the Board of Directors,
Agree, license comes when it comes; however, when it comes....enrollment in NamasteMD will grow exponentially.
License is akin to adding gasoline to a fire.
IMHO.
Get license today...Sept 1 Numbers will be stellar.
GLTA
Easier to acquire.
Not saying that it will happen but there will be a substantial amount of consolidation in this industry within the next two years.
The Ease and Simplicity of NamasteMD combined with:
Ontario's delay on Brick and Morter
Fact that Medical is better than recreational product
Simply means that more people are going to opt for the convenience and quality of medical over recreational and then add home delivery same day....Boom!
Namaste will be a force to be reckoned with.
Let's hope for license within 4 weeks. Obviously, the sooner the better.
GLTA