Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
pxdeliver/namaste
In the situation nam owns half px. Does the value make its way back to nam investors and how? Nam's portion of px earnings doesn't find it's way to nams income statement right? so... I'm a noob. Serious question.
so lets brainstorm:
how do you attract customers if you can't advertise?
- word of mouth (is this the only way?)
Honestly I'm skeptical at this point.
Dear Fellow Shareholder,
On behalf of the board of directors (the “Board”) of Namaste Technologies Inc. (the “Company”
or “Namaste”), I would like to invite you to participate in the annual general meeting of the
shareholders (the “Meeting”) to be held at Hall 104 A, North Building, Metro Toronto Convention
Centre, 255 Front Street West, Toronto, ON M5V 2W6 on Tuesday June 25, 2019, at 11 a.m.
(Toronto time).
The purpose of the Meeting is to receive the audited financial statements and auditor’s report;
appoint the Company’s auditors; elect the directors of the Company; and approve the continued
use of the Company’s stock option plan.
I would also like to use this opportunity to thank all shareholders for their continued support over
the past few months as the Company has gone through a period of transition.
This is a fantastic company with great people, products and prospects. We have a strong,
talented management team in place, and we all believe in the future of the Company.
Namaste Technologies is on the Right Track
Over the last few months, we have been focused on making changes internally while delivering
results externally. The changes we have made impact the short, medium and long-term outlook
of the Company. Specifically, Namaste:
x Completed the acquisition of 49% of Pineapple Express Delivery Inc., a premier delivery
company when it comes to cannabis in Canada. The acquisition of Pineapple Express is
an important component in Namaste’ growth strategy and customer service platform.
x Entered the edibles market with the 49% acquisition of Choklat, a premium chocolate
manufacturer with existing sales through its online eCommerce site and through a
network of distributors across Canada. Choklat has a vast offering of existing products
that can be easily infused with THC or CBD and sold as edibles, at such time that it is
legally permitted to do so.
x Continues to invest in technology and infrastructure spending to position the Company 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.
x Improved the customer experience for customers who visit the Company’s properties to
purchase cannabis products and acquire medical prescriptions for cannabis. In
particular, the Company has made advancements to Namaste MD, improved its focus
on operational execution at CannMart and further advanced its business plan for
CannMart Labz.
As you can see, we have remained focused on executing our strategic plan, growing the
business and creating shareholder value for you, Namaste’s owners.
Strengthened Board Leadership
As announced in March 2019, the Board set a goal of adding up to two additional independent
directors. I am pleased to report that we have made good on that promise.
Directors Laurens Feenstra, Kenneth Ngo, and Branden Spikes have been joined by Kenneth
Jones, who was appointed to the Board in April of this year and the more recent addition of
Andy Wylczynski. Each of these two new independent directors bring a unique skillset to
complement the existing Board.
Kenneth Jones is a highly experienced senior business leader with deep knowledge of private
and public sector operations, gained over a 30-year career. His experience includes partner at
PwC as well as progressive roles with a Fortune 500 company.
In addition, for the past 38 years, Andy has worked with a wide range of organizations, including
start-ups, and multinational corporations to raise capital and to advise on national, international
and cross border restructuring initiatives and was also a partner at PwC.
In addition to augmenting the Board, the Company has established an Advisory Board to help
provide additional expertise and strength to the Company.
Woops, meant q1.
I agree it's setting up nicely but structure means nothing if they don't have the business.
I think disappointment stems more from Pitiful sales in Q2. Would have been really nice to see some results.
That about sums it up ya
ah yeah, i was wondering if it maybe had something to do with that.
So that's a terrible first quarter, pretty much the same as 2018 q1 wtf
Oh wait, I was thinking that 15 months was including first quarter but I'm guessing that's just for their extended year end
Did it say how much the first quarter was?
Knowing we'll get the first quarter as well makes the wait less annoying. Kinda excited to see these first q numbers.
Is there some sort of company strategy that applies when deciding to file your late financials at the very last minute of your extension deadline? Like, there is no f'ing way they were late and they just happened to need exactly 1 month to complete them. Why wouldn't they get that shit done and post asap. It seems they're doing the latter and just wondering why they might do that besides the possibility it's actually that tight.
See ya later yesterday's gains
Pre financial ramp up seems most likely to me
Since this forum just had regurgitated articles from months ago anyways, should we do a friendly opinion poll on whether these guys will get their financials some by end of month? I'll start and sadly say no.
Wait till end of month. If they aren't done by then, panic.
In the mean time, 3 cents ain't the end of the world, canopy dropped like $4.5 today
are those glass samplers "pipes"?
Besides refinement to their AI, I think they should be putting most of their efforts into customer acquisition and product acquisition.
Hopefully, one day, customers will just want to go to Namaste's service and because of it, companies will just come to sell on the platform.
But that cycle isn't going to just start on it's own. It needs to be kick started. The key to this companies success is getting this cycle started before they run out of money.
To keep those customers, Namaste needs to focus on providing a good service: quick, easy. I think they've been doing this part pretty well.
Although, i think a phone app to quickly re-order your prescription would be ideal.
The AI takes a ton of data to train and is gonna be beneficial long term. It can't be relied on really for helping to keep short term customers.
okay, go away, never come back. k thx
Some folks are making a big deal over the use of Shopify but I don't see how that's a concern because afaik the only reason for that is if they want to use the built-in payment processors for oils. Even so, I think they can use non standard payment processors via shopify for that purpose
This is what i expected the cannmart site to look like out of the gates. Stoked on this update. I'm feeling much better about how things are going, now that meni is in charge.
one of those articles also mentioned that their columbia branch got caught selling tobacco products that they weren't suppose to be selling. Responsible for 8% of namaste's global revenue. I believe it also said they're postponing sales from their columbia branch until they have investigated and sorted it all out.
not to mention the fact that meni is an engineer. He should not be the ceo. Plus, his specialty is AI. He should not be spread among the roles.
As of right now, legality of which products you can have on a single site would be one reason.
Beyond a single site with different language translations, a different design may make sense as well. Different cultures may appreciate different designs just like different languages are constructed in different ways.
Someone shopping for vaporizers may be more inclined to seek out a website specializing in vapes alone instead of one that serves multiple purposes.
I think many sites becoming part of the funnel that have existing user bases would be another example. Users can be stubborn and may want to stick with their routine choice. Instead of being told to start going somewhere else instead.
Plus, sites in different countries are likely maintained by different groups of employees, smaller chunks would perhaps be easier for them to maintain, especially since they're targeting different demographics
Up to 27 Products
Up to 25 products
They need to fake pump this so we can all sell. What a gong show
What exactly did Sean do wrong in regards to selling us assets? Was there a legit reason for this or is this just a response to everyone's sad hatred for his hair cut?
Investors should start some sort of word-of-mouth campaign.
prove how? how is it just a vape store when they are selling weed right now?
Exaggerate much? I hope you aren't that negative about everything else in life. Gonna give yerself cancer dude.
I like that guy. Very up front and honest.
wtf why would shopify not allow them to sell cbd?
nevermind, https://ecommerce.shopify.com/c/bab-general/t/hemp-enriched-skin-care-products-shopify-payments-487382#comment-487815
not only that but, isn't that why they recognize right of first refusal as being so significant? to reduce these losses.
Well, it does mention they plan on selling hardware at these cafes. I think the educational bit is more about navigating customers into the funnel.
November 2017 2.2mm
November 2018 2.6mm
Was kinda hoping they would have done way more considering they're selling cannabis now. The increase is probably a big part due to just growing popularity of hardware. Meaning the cannabis sales were basically pitiful. I realise sales will grow but I'm not sure how big of an impact we'll see for 2018. Granted, I know they have lots in the works and hopefully patient acquisition will continue to grow and impact sales.
But afaik November is one of the best ecommerce months.
Even if we made 2.6*12 is only 31.2mm
I am not a short but during the highs, i think it was a pretty good time to short. Highly over evaluated (not unlike a lot of companies still are). As to why someone would still be shorting at the current price, there may be potential to have it drop some more but really I wouldn't be risking that. Especially at the current support as you say. I think it's really risky. However, I am no expert. It looks to me like a lot of shorts got out. I just use this to see:
https://shortdata.ca/stock/N.V/
Good, but it also would have been nice to hear MJ making up bigger percentage of revenue. From the weekend.
Don't you mean4 million for December. Not 20 million lol