Lifeist Wellness Inc (NXTTF)

[r clarke]

Namaste's Last Quarter Was A Total Disaster

Summary

Namaste reported a disaster quarter with no revenue growth from 2017 which shows that its vaporizer business is stalling.

NamasteMD reported sales of $61k months after launch and CannMart has no clear value proposition against government-run stores.

Investors should focus on investing alongside credible and competent management teams; Namaste management is not one of them.

Namaste Technologies (OTCQB:NXTTF) remains one of the most controversial companies out of all the weed stocks we cover. The management is highly promotional and the recent developments at the company led us to believe that Namaste management lacks competency in key strategic areas.

The company had to give sizeable concessions in order to close its $45 million bought deal recently, only to have decided spending $3 million of that on share repurchases was appropriate. The decision confused us and sent the wrong signal to the market. Furthermore, the vaporizer business has seen zero revenue growth this quarter raising serious concerns.

NamasteMD and CannMart both reported negligible revenue figures so far. In summary, we think investors should clearly recognize the events taking place at Namaste and the risks involved in investing in a highly controversial company like this.


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