Home > Boards > US OTC > Cannabis > Namaste Technologies Inc. (NXTTF) Namaste Is

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
lithiumjr Member Profile
Followed By 4
Posts 396
Boards Moderated 2
Alias Born 10/11/14
160x600 placeholder
lithiumjr   Wednesday, 03/29/17 01:51:10 PM
Re: None
Post # of 6301 
Namaste Is Staging A Strong Comeback

As Canada continues to lead the global cannabis movement the Canadian cannabis industry presents some of the most attractive investment opportunities.

This growth has benefited hundreds of companies levered to the cannabis industry and we want to highlight a company that so far this year has shown vast improvements.

That company is Namaste Technologies (N.CN) (NXTTF: OTCQB), an emerging leader in the vaporizer and accessories industry. Namaste has 26 e-commerce retail stores in 20 countries and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. Namaste has recently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new international markets.

Namaste started the month of March on a strong note when it significantly improved its standing with United States investors as it was approved to list on the OTCQB with Canaccord Genuity as a market maker.

Continues to Execute on Business Initiatives

Last week, Namaste entered a non-binding letter of intent to purchase all issued and outstanding shares of Cannmart Inc., a late stage applicant under the ACMPR. In 2014, CannMart submitted its application to become a sales only licensed medical cannabis producer

CannMart’s application is currently in the review stage of the licensing process and the company applied to sell (not produce) medical cannabis. Under this model and subject to obtaining a license from Health Canada, CannMart can purchase wholesale product from other licensed producers and sell to individual patients in accordance with the ACMPR.

The deal is a big development for Namaste as it takes place before recreational cannabis legislation is introduced in Canada. The company’s rationale for the deal is:

Upon execution of the letter of intent, Namaste paid $50,000 to CannMart's counsel, to be held in trust and released upon closing of the deal. If Namastedoes not provide CannMart with notice of completion of its due diligence within 30 days of the execution of the letter of intent, the $50,000 becomes non-refundable. The companies expect to sign a definitive agreement in mid-late April.

Increases Market Share In Australia

Earlier this month, Namaste completed the acquisition of Australian Vaporizers with the proceeds from the bought deal that closed on March 9th (completed a financing of CAD $11,338,000).

We expect this acquisition to quickly prove to be accretive as Australian Vaporizers adds a new revenue stream and further solidifies Namaste as one of the largest online vaporizer retailers in the world. Namaste will now control approximately 90% of the vaporizer online retail market in Australia.

Australian Vaporizers significantly improves Namaste’s balance sheet and cash flow statement as it will immediately increase the company’s total revenue by 33%.

Namaste also recently announced a memorandum of understanding with Vinergy Resources (VIN) (VNNYF) to commercialize proprietary CBD extract formulations through Namaste’s retail websites in the United States.

Integrates EveryoneDoesIt and eBay into E-Commerce Activities

Namaste recently released an update on its ecommerce activities including the integration of the EveryoneDoesIt platforms and eBay marketplace regarding optimizing the commercial potential of these platforms. The company reported substantial progress.

Namaste successfully migrated the EveryoneDoesIt portals to its Shopify platform and improved the overall customer experience by revamping the user interface. The company's e-commerce team also created and implemented a platform that will allow them to access and seamlessly update all product listings and website characteristics across multiple Shopify storefronts.

Namaste received approval to list over 100 products for distribution though eBay Inc. The Company plans to list over 1,000 products for sale, including the latest vaporizers and accessories. Due to eBay’s large customer base and the fact Namaste is one of the only companies to be approved for the distribution of vaporizers through eBay, its product sales and revenue generation will increase significantly as it continues to add products for distribution. This is the first full month of having listings live for purchase on eBay.

An Improving Fundamental Outlook

Namaste has been able successfully to execute on its business plan and we expect these developments benefit the shareholder significantly over the next year. Recent changes will have a major impact on the company as it will significantly improve overall fundamentals through the addition of new revenue streams and improved operational efficiencies.

Although the last month has been significant for the company, the shares have been trending lower and we believe this is a stock investors need to watch.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist