We seem to be dangerously close to a figure that makes Namaste an attractive purchase for the right LP.
Mention this so many here don't dump below an accurate valuation. Yes, realize we are a long way away from knowing an accurate valuation.
At $.50 we are only a tad above a $200 Million market cap. For a company with existing globaldistribution channels, a global footprint (at least for sales of vapes and accessories) and many partnerships (Pineapple Express, etc) they seem very attractive to the right LP. Especially with $30 million and more likely $40 million in the bank. That takes the net cost down to a mere (haha) $170 million.
Would need to be a global player like Aurora or Canopy or one wanting to catch up.
I had sales in down to $.50 and pulled them. Hate trading on emotion.
Your thoughts?
Pulled a Maxwell Smart two days ago...almost sold out with intention of buying more Aurora. That would have been brilliant. "Missed it by this much".
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