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Doh! You posted this right before I did. You do an amazing job as a moderator. Thank you!
Just announced!!! Namaste Technologies Announces its Evolution to a Wellness Company with Expansion into Nutraceuticals Market
Toronto, Ontario, Canada – February 2, 2021 Namaste Technologies Inc. (“Namaste” or the “Company”) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a marketplace platform for cannabis and wellness products, is pleased to announce board approval for its expansion to broaden its total addressable market and to evolve into a pre-eminent wellness company, connecting consumers to their wellness needs of tomorrow via additional pathways beyond cannabis.
Our mission is to leverage technology to build the world’s first personalized wellness marketplace; a platform where consumers can learn about wellness products, interact with a variety of brands, and make easy, informed purchases.
Launch of Nutraceutical Division:
As part of the total addressable market expansion, the Company’s board has today approved the launch of a nutraceutical division in fiscal year 2021 headed by Faraaz Jamal, the Company’s Chief Operating Officer. Mr. Jamal was previously responsible for the strategic reorientation of Bulletproof 360 Inc., a health and wellness trailblazer where he was able to guide development and rapidly scale multiple channels and product categories to successful revenues.
“There are a few common problems impacting the nutraceutical industry right now and they usually fall into at least one of the following categories: (1) products are poorly formulated and contain a lot of filler ingredients; (2) the ingredients are great but poorly absorbed by the body; or (3) the ingredients, and the delivery mechanism is sound, but the cost makes them unreachable for most,” says Faraaz Jamal. “We look forward to launching a new differentiated offering that brings an exciting formulation, combined with an effective, affordable delivery system that substantially increases the bioavailability of our product.”
“Entering into a global market with a distinctive offering is exciting,” said Meni Morim, CEO of Namaste. “I find immense possibilities to combine our new nutraceuticals offering with our cannabis portfolio as the cannabis regulations mature. Having the potential opportunity to expand our nutraceutical business with micro doses of THC and CBD will open up new pathways and innovative products that haven’t been seen before.”
Read the full post on their website!
Agree.
This is a nice start to February 2021 ... we already know that the Labz license is coming, as well as the launch of Namaste’s recreational house brand “Roilty,” and then there is the US expansion ... . Will be an eventful month.
Yes, volume is insane ... nearing its 10-day average in mere hours this morning.
Nice! One thing I am curious about is the identity of the "appropriate affiliate" that was mentioned regarding our expansion into the US.
Oof. This is tough to stomach, but trends dictate this WILL go back up if we can all stomach this temporary drop. I feel beat to sh*t over this stock, but I think most of us here know it is a roller coaster stock, so it will go up just as fast as it goes down.
Yes! Let's hope our patience will be rewarded this year.
Hmmmm. I just see a 9 percent increase.
So my concern here is, will Namaste be able to be purchased by another company if this thing is tied up in court? Now that we know that Sean is trying to fight this, he must know it will stop or at least hinder a sale. Thoughts?
... and here we go. Will be interesting to see how the sp is affected by this in-fighting. Grumble. Maybe NXTTF will go up since it usually does the opposite of what I think it will. Ha ha
With what money? His stock is trading for less than his IPO. Not bagging here, just asking. He is a likeable guy and it’s a likeable company.
You’re right! Wonder what that could mean? I noticed a lot more “Schwag “ than vapes on their updated site too. Hmmm.
Yes, well, even though I saw a possible buyout or merger coming, and even though I quietly believed that Sean would be asked to take a back seat in the company at some point in the near future, I certainly did NOT see NXTTF firing Sean like this. It has me shaken, I must admit. Still holding my shares because the future value of NXTTF is amazing. I am hoping that the likely buyout will reward us Longs.
Yep! They produce “high quality, small batch, hand trimmed craft cannabis.” This is just the beginning!
I have a good feeling about our Cannmart numbers. I need to have more patience, I suppose. Hippd is so right about this behaving in the opposite way that logic would dictate. Addicting to a degree.
You’re right, of course. I guess I need to keep my enthusiasm in check. I’m just surprised that the SP hasn’t responded to the recent wave of positive press.
Down boys, down. Good job.
With all the great press NXTTF has been receiving this week, the stagnant SP tells me that investors are waiting to see the financials before investing more ... . Either that, or some really BIG news!
Fantastic news! Now up, up and away today!
Agreed
Maybe ... but who really knows? Makes this NXTTF ride even more exciting ... Ha ha
I was thinking along those lines, too. Perhaps a merger of some sort. It seems like they are positioning themselves to be purchased by a bigger fish, but still maintain autonomy in their area of expertise while working within that company. All just my opinion, of course. As others have already said: Something is cooking.
There it is! Got our $1 back! Still amazes me it dips below one measly dollar with everything this company has going for it. NXTTF,
Greater ASK volume than BID, so NXTTF is going back up ... Can’t keep a good stock down.
Thanks ... I was trying to post an image but couldn’t do it for whatever reason.
Saw it posted on another board ...
https://ceo.ca/n
Insider trading today! NXTTF Appears to be buying back shares
Good strategy. My Canopy shares are saving my butt today. Canopy and Namaste are my two favorite pot stocks
Agreed. Left is such a blowhard, but he sprinkles just enough truth into his stories to give him a touch of credit. That sprinkling made Sean nervous, as you described. Sean as well as Left are both Avant Garde in their approaches to making money. The difference is, Sean is trying to build a business in uncharted waters, and Left is trying to tear it down (which is much easier to do in unchartered territory, that wuss). I bought at .61, too, but I had so many shares from 2017-2018 that I bought much higher that I am still in the red. But I am hugely optimistic that this company is heading in the right direction. They are young, smart, hardworking and creative. Great combo.
Hmm. Guess I can’t argue that point. Ha ha. At least for 2019.
All this increase on NO news! Just think what some good news will do! They must be sitting on something. This company is doing so much!
Niiiice!
Whoop! Whoop!
Yes, Agreg. That is my point, Longs need to stay long. Thank you
Thank you. We are in this together. I think the majority of us on this board want NXTTF to do well. Knowing what could be coming our way and then fighting back is in all of our best interests.
Of course I don’t know for sure that he has already written it, but if I was a short seller with Left’s clout, that’s exactly what I would do. As a former journalist, I know that we gather all our info and then write our piece, and then we can stretch our story out into two or more parts if we like, but the meat of it is essentially done after our initial research, and then we just wait for one bit of current news, which is then added to our former notes (those that didn’t quite fit in to our last piece), to create a “new” story, which makes everything we are writing about seem timely, or like “breaking news,” essentially creating an”expose” from really only one newly collected bit of information. When I read that Citron Research was going to “revisit” Namaste, I immediately recognized what that meant. I am only sharing my view on this to try to give any newbies a heads-up when the stock price reaches a level where Left deems it to be profitable to release his next hit piece. Longs can relax knowing it will go back up, but to the newbies: Don’t let the next article shake your tree! I am thinking that the next piece won’t be as lucrative for him because NXTTF is only getting stronger. The time will come when he will have to let go of us and move on to an easier and more profitable short target. Hoping that will be this year.
“Citron Research stated it expects to release an additional report on Namaste.”