It would be fascinating to gaze into the future and see whether Meni ultimately succeeded or failed with this company.
Haha, owning N right now is like driving down a remote highway with a quarter tank of gas and no gas station in sight.
But lets remember a few things...
Canada has been in different stages of lockdown for the past couple months, with the provinces of Ontario, Manitoba and Alberta being fairly strict. Last time CannMart hit record sales, it was significantly boosted by the various lockdowns across Canada.
With many new items like vape cartridges and edibles added to CannMart on various levels recently, along with the innovations and experience, they should be able to execute a better game plan this time around with higher margins.
CannMart appears to have significant market share in a few of the provinces. I remember about 5 months ago seeing market share pie charts for each province, showing all the major companies. I was pleasantly surprised to see CannMart there and independent from the "Other" category. I'd like to see what our current market share is.
Several of Namaste's investments are doing good business. Israel appears to be moving along with legalization. The investment with Cannbit(10% I believe) should bear some fruit soon. You'd think Meni already has the connections and relationships in place to expand in Israel, right?
Seems like there are new deals in Canada are in the later stages of negotiation. Can't forget that pending license for Labz which seems like a cruel and unusual punishment at this point.
Things are coming together but there also is a very real time limit as well. January should be solid, I have faith, and I will buy more next week! Gonna put another nice dent in the average.
In some ways, it might be good for Namaste that the doors are opening slowly as far as legalization goes internationally. It would be hard to get in on the action with this war chest, that's for sure.
I was pleased to hear that they are at least making a pitch to institutional investors. These investors are the rocket boosters we need to make it through the asteroid belt of shorts.
It could prove instrumental that Namaste honed it's craft while others overextended and faltered.
We will get there people! Merry Christmas one and all!
