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Marc-Andre Fontaine:
Choklat you sure no problems at all?
Erik Stelli:
Marc-Andre Fontaine Rob Cesari Josh K Collins calgary herald "One Calgary chocolatier who’s preparing to market cannabis edibles said regulators have told him of THC level errors in such products." https://calgaryherald.com/.../faulty-thc-dosages-turning.... I wonder if its them. Also herd about not paying employees... what's interesting is there is threads on reddit involving brad awhile back about amounts loaned to the business by individuals and not paid back. Namaste had lent Choklat 300k in oct 2019. The loan bears interest at a rate of 12% per year and the principal and all accrued interest are payable up to December 31, 2020. Is it possible that the covid had put choklat in a tight cash position... possibly in a position where they cant pay back the loan and brad losses his majority stake in his own company. Choklat /Brad can you give anymore in site on the fall out between choklat and namaste
Faulty THC dosages turning up in legal cannabis: Health Canada
CALGARYHERALD.COM
Marc-Andre Fontaine:
Erik Stelli thats actually what im thinking and i have a feeling its done on purpose to gain an edge and it was discovered by namaste
Choklat:
There are no problems with our products and if our employees haven't been paid in months why are they still coming to work??
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Erik Stelli:
Choklat I am only stating what is being said online, but thank you brad for answering so quick. And for clarifying that all employees are being paid. Product looks great from what I can see on the video. Can you give me anymore insight on why namaste would reject your product? Or If regulators said anything about thc content. Hard to understand why the product would be rejected and I'm sure that deal has hurt your cash float
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Choklat:
Erik Stelli the simple reason is that Namaste was trying to squeeze me to sign a repressive shareholder agreement that would have seen me give up control of the company. I have text messages and affidavit evidence to support my claims. It was Meni's intent to cause us financial distress and default on our loan, then move to convert the loan to shares and take control of the company. However I showed more resilience. As a result Meni was either going to be removed from the board of Choklat or resign.
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Choklat:
Erik Stelli what's being said online about employees not being paid is by an ex employee named Lloyd Worth who is logging on under an alias and posting shit about not being paid. He was to be fired for incompetence but preemptively quit. Given the tight financial situation Namaste has put us in, I am prioritizing funds to our loyal, hard working team members who continue to see our vision and show dedication to the rest of the team.
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Marc-Andre Fontaine:
Choklat careful brad, if what you are saying is true, first thing your council is going to tell is not to talk about this publicly. Plus the kg at 18000 of distillate, i have difficulty believe that to be the market price at this moment even completely raw without packaging. 35000 does seem a little expensive but it would still be very profitable for you to do it at that price as 10 mg of thc per bar would represent maybe 9-11% of your cost and therefore has little impact on your finished product cost.
Especially considering how much connections namaste has built in the last 9 months. Maintaining a good relation with them would mean millions in revenue in the very short to mid term future.
Good news would have been, the bars are ready for sale.
I get that is not the end of the world but it would have been nice to have and fill that large order of bars. Namaste needs the revenue to survive.
Even if namaste ends up owning chocolat, you still need the knowledge of how to make good chocolate.
why can't there ever be good news haha. gdamnt
Lol's continue.
That'll do.
Tensions are a bit high it seems
No I'm talking about the girl in Dan's email Instagram post
She looks a bit anorexic.
I didn't see photos of either but i didn't dig around on the topic that much.
Someone posted an order number "from today" and it does not align with the latest one were talking about. It would seem one of them is bogus.
I noticed that. That is a significant jump and breaks the previous consistent daily sales records. Maybe they recently got a new component online like the indigenous medical services or service to vets. Or other.
I hope so, I actually took some profit this time. Knowing my luck, this time it will keep going up haha. Hope it dumps so I can get more shares though.
Has anyone else looked into WCE (PUMP) - world class extractions?
It is priced at like 0.025 cents a share. It looks super shady in that it was at like +3$ at one point and fell to where it is now because they were planning on being a third party extraction company and that failed. I watched a few youtube videos i found of management from like a year ago and they did not look confident at all. However, now they've bought majority interest in Pineapple express. It seems to make sense why Namaste would distance themselves from that shit. Seems like a good idea.
That said, regardless if they're amateurs, they may have stumbled into success by purchasing PE if they don't squander the opportunity. What are yer thoughts?
It's somewhat relevant to N because it could be considered an example of N's competence. Also, yes, it's frustrating that N decided to delay twice because of the covid blanket relief, but really...it makes no difference and could totally have real reason's for them taking the relief. Maybe even reasons they can't legally make publicly available. I also follow agraflora and they seem to also have taken advantage of the blanket relief.
On the bright side, Dan Bilzerian's millions of followers should now know about it.
https://www.namastetechnologies.com/namaste-technologies-updates-timing-of-q1-2020-financial-results/
Personally, I'm disappointed.
no, just year end. well, yes they have released q1 but not for 2020.
you sad they're not pumping everyday? maybe sell and buy into whatever company seans working for now.
Touche, me neither, it is really annoying though.
who else is skeptical that they'll even release them today. haha.
Damn that's awesome
If other companies are switching to ecommerce only, that must mean either selling strictly thru the provincial online stores or strictly medical of is their proprietary site right? That's kinda funny.
It's a shitty situation with the virus but it's actually working out for nam for now.
Why buy yet, panic has only just begun with no end in sight. There is gonna be insane deals. I won't lie, I'm tempted but probably gonna keep dry powder for now. Stoked to average down later though.
It's kinda funny because it's literally only the brand name that would be selling. Not some "product" that is only available from the brand. Since the product would be grown in canada and likely be sold under different brand names as well.
Either way, I don't really care, as long as the dude advertises for us on his social media, that's all that matters haha.
I'm sure this is great. Not complaining. Just pointing out that no product is coming from the states. It's purely brand name. The article says namaste is going to source input product from Canada.
I'm not that familiar with a lot of international brands though and apparently this brand is big and will come with some good advertising.
If they were smart, they would have posted earnings without warning to catch the shorts off guard. Just for the fun of it.
interesting how canopy goes up despite posting massive losses. wtf is up with that? at this rate, they're going to make constellation even run out of money. haha
geez. any pause of news and the shorts just go to town eh? I hope they all burn one day
In case you haven't looked recently.
https://shortdata.ca/stock/N.V/
More shorts and their bogus lawsuits?
I'm guessing spending won't look that great, assuming the lawsuit settlements will be on it
Someone on the Yahoo board emailed Eric and he said the last quarter will be released with the year end in March.
Q4
Someone on the Yahoo board had emailed and gotten a response from Eric saying q4 would be released with the year end.
i just meant, based on the numbers you posted. Their rank got worse but it said "increase". As opposed to every other record that "increase"/"decrease" was applicable to whether or not the rank increased or decreased. I think they made a spelling mistake.
tilray would be a decrease. no?
Diddo
Does anyone know how much money they have on hand?
Can you post the article? You need an account to read past the first paragraph