RE:Post From Yahoo Finance
Species512 wrote: Not mine but sharing it:
"Wow. that conference was unreal! all the big names were there. CEOs presenting from Canopy, abcann, supreme, canntrust, aurora, inmed, doja, sunniva, maricann, weedmd, organigram, hydropothecary, medreleaf, cannaroyalty, greenlane, cronos, aphria, delta9. The 2 large conference rooms were packed. Half the people in the room had to stand in the back. Terry Booth from ACB went on an hour before Sean did and half way through his presentation, randomly, he calls out for Sean in the audience and goes "Is Sean from Namaste in here?, that guy is persistent, he wouldn't give up, finally got a meeting with us and blew us away, he's a smart guy, check them out, theres more we will be doing with these guys" Terry even had a slide on Namaste later on in his presentation when he spoke about partnerships. Sean had 20 mins to present. Some key points... - NamasteMD first telemedicine portal app thats ever been approved in Canada for cannabis - 2500 people completed the application process in the first 4 days of launching the beta - estimated 50,000 customers by the end of 2018 (taken other company 8 years to do) - Sean explains how LPs are starting to realize how valuable the 'data' collected is - 1.5 million customer database internationally - Cannmart/NamasteMD platform will be duplicated in 20 countries eventually beginning with Australia (350,000 customer database already) - Health Canada does not accept a 'tick the box' age verification. This is where Namaste's authenticating tech comes in. - Rec e-commerce will be pursued in those provinces that allow selling online after legalization (i.e. Manitoba) - can turn switch on overnight to be able to sell Rec vs. Med - When U.S. & U.K. goes legal, N already has a database of 500,000 to reach out to instantly - More Supply agreements coming. some from the big 3 and others - NamasteMD iWatch App beta ready for release within 2 months. will record input of effects/moods/feelings of different strains (A.I./machine learning) - again very valuable data to give back to the respective LP regarding how different strains are perceived. - Putting together a technical advisory team. Sean says, "I promise you, the advisory team that we are putting together has names that this industry has not seen yet from a technology level" - NamasteMD appointments so full, that that is their number one focus to ramp up that side of the business - a recurring customer will be ordering avg $1800/yr cannabis x 1.5M customers internationally = 2.7B/year revenue - referral agreements with LP's; Namaste gets 20% of revenue on cannabis - N is closest LP to the GTA. duration from clicking on NamasteMD application to cannabis door delivery in Toronto is within 4 hours. No other LP can do that the process, it takes weeks with others. At the end of the presentation Sean leaves the audience with the whole AirBnB/Uber reference he always uses. He then almost did a mic drop and walked off stage. Ok almost. I hung out with Sean, Chad, and the boys from Ireland afterwards for a bit. I asked a few questions and they explained... - The technology that they licence to others are things like ID authentication, image scanning software, etc. They keep the real goodstuff to themselves as we will see in the future. - TSXV uplift is still a ways away - they'd go quiet when I'd mention it, so don't count on it any time soon - Chad was frustrated with how little cannabis investors understand tech, I mentioned how the crowd was mostly older males (50+) and how I scanned the room when Sean mentioned the AirBnB/Uber reference and I immediately started to see heads nod like a light bulb had gone off for them. - They have not released any PR on the apps because they are still in Beta and are updating constantly. - The Aurora App had nothing to do with N. It is not allowed on the App Store because any e-commerce app has to use Apple Pay and apple will not get involved in cannabis transactions. They distribute the app from their website instead. - Cannmart will be a web-based mobile skinned site that looks just like an app I'm sure I've missed a few things but thats the gist of it. The amount of questions and interest after his presentation was awesome. It was like they'd just been awoken to something completely new and revolutionary. Which I guess is the case. It was an awesome experience to say the least and I can't wait to run into these guys again in a years time at the next one and see how far we've come."
