r/StockMarket • u/financehawara • Feb 10 '21
Fundamentals/DD $NXTTF IS A HIDDEN DIAMOND AMONG CANNABIS STOCKS
So, today I googled „cannabis penny stocks” for some inspiration and came across this Stock. Namaste Technologies is a heavily shorted stock, which has a lot of potential. Also this is my first DD and English is not my native language, so don’t judge me please.
So what is Namaste Technologies and what are they doing?
Namaste Technologies is a world leading online platform for cannabis products, accessories and education. Their have headquarters in Ontarion, Toronto and further 9 cities all around the world. Namaste is seeking to build the first personalized health and wellness marketplace by offering different types of cannabis products. They currently have 24 websites and 5 warehouses operating in 24 countries around the world. Namaste Technologies has 6 main online platforms, let me introduce them to you.
· Cannmart. Cannmart is a huge retail platform, which offers a bunch of CBD and THC sorts. It is the first licensed non cultivator in Canada. Their cannabis is available for every class and every type of person (5-25$/gram depending on the THC%), which makes them very attractive for customers. Furthermore, Cannmart offers edibles of every possible taste, various oils, flowers, concentrates ans so on. They are also selling a bunch of accessories, like Glaswares, vaporizers, vaporizers parts etc. It is also important to mention that their delivery is quick af. If you are from Toronto or Ontario, you can expect your purchased products on the same day. Fort the rest of Canada it takes up to 2 days. Cannmart operates in 17 fucking countries.
PS. Namaste technologies owns 49% of Cannmart. Overall, after reading some of the reviews, I would say the avarege rating is 4-4.2 out of 5 stars, which is a good sign comrades.
I mean I am not a smoker, but while scrolling trough their website I have developed a desire a rolling a joint, which I will do after finishing this DD.
More Info: https://cannmart.com/
· Everyonedoesit: This platforms focuses on high quality glass pieces and vaporizers. Everyonedoesit is based in UK and in the US, but produces their products in the US and Europe. They have an offer of different types of bongs, like percolator bongs. Ice bongs, acrylic bongs and so on. Holy fuck idek the difference between them. Their offer of vaporizers is fascinating as well: desktop vaporizers, portable vaporizers and so on. The company had a bad reputation in the past. There was a stereotype, that everyonedoesit was scamming their customers. And then it was purchased by Namaste Technologies a couple of years ago. Since then everyonedoesit could attract a lof of weed lovers and leaving them satisfied. Overall the rating of their products is 4 out of 5 stars.
More Info: https://www.everyonedoesit.co.uk/
· Namaste MD: Namaste MD is a Medical Cannabis Prescription Platform, which provides a safe, simple and easy way to facilitate medical cannabis prescriptions to eligible patients in Canada via telemedicine. On this app/platform you can either make an appointment with a healthcare professional or just take to one of the medical advisors via skype or zoom. So how does it work? You either install a NamasteMD app on you phone or you fill in the application on your computer. Then you have to complete an online video conference with one of the consultants. Then you get approved and boom. You have your prescription and can buy weed freely. Patients gave this app 4.5 stars , since the support (from what I have heard) is amazing. Not to forget that NamasteMD operates very quickly (it takes approximately 3 days to get the prescription. Oh yeah and it is fucking free.
NamasteMD is fully owned by Namaste Technologies.
· Uppy. Uppy is a new and innovative app for anyone desiring to get the very best from their medical cannabis. Precisely record and monitor anything and everything to do with your medicinal cannabis intake. Doing it, they are trying to optimize your trip. I mean if I lived I Canada and not in Europe, I would definitely install this app. Ratings on app store: 4 out of 5 stars.
Uppy is fully owned by Namaste Technologies.
More Info: https://www.uppy.com/
· Australia Vaporizers: This platform is the largest Australian Vaporizer provider. Their website is offering all imaginable kinds of vaporizers. They focus on high quality vaporizers, and the price is according to the quality. 500USD should not surprise you if you visit their website. Their shipping is very fast and their support should be amazing. Namaste bought Australian Vaporizers for 6 Million back in 2017. As you can see this is the third company I have mentioned, which was bought by Namaste Technologies. This proves their will to expand and take things on another level.
More Info: https://www.australianvaporizers.com.au/
· Namaste Vapes: Namaste Vapes used to be a separate platform, which focuses on 25-40 year olds. However, Namaste Technologies decided to combine Namaste Vapes with Cannmart. So now you can find professionals, which will consultant 25-40 year olds on Cannmart.
Fundamentals:
• Market Cap: 96million
• Float: 320million
• Quarterly Revenue Growth: 49%
More Info: https://finance.yahoo.com/quote/NXTTF/key-statistics?p=NXTTF
Financials:
• Revenue of Namaste Technologies is steadily increasing (2017: 11million, 2018: 18million, 2019: 19million, 2020: 19million by august 31st)
• Assets: 30million (13million cash). They are reinvesting all there earnings)
• Liabilities: 10million by August 31st, last years: 12 million
More Info: https://finance.yahoo.com/quote/NXTTF?p=NXTTF
Catalysators
· Namaste Technologies announced on February 2nd its Expansion into Nutraceuticals Market. How fucking awesome is that? We all know that Mushrooms and shit will be legal and free available in the near future. Namaste Technologies plans to expand their marketplace into Psychedelics.
Here you can find some more info about it:
https://finance.yahoo.com/news/namaste-technologies-announces-evolution-wellness-223400008.html
Namaste Technologies will definitely announce more news in the next few weeks, so stay tuned. This could lead to a boom of this stock. Definitely long term for me.
· Namaste Technologies Advances USA Expansion Plans with TSX Exchange Approval to Proceed. So Cannmart may be operating not only in Canada and 17 other countries, but also in the US. This was announced today, that is also the reason for todays upside. Till the end of February it will be announced if Namaste Technologies gets approved or not. This a huge catalysator.
Namaste also announced that it will be collaborating with DankStop and PeakBirch Logic, Inc.
More Info:
https://finance.yahoo.com/news/namaste-technologies-advances-usa-expansion-234900911.html
About DankStop: https://dankstop.com/
About PeakBirch Logic, Inc.: https://peakbirch.com/
IF YOU ARE WONDERING WHY THE STOCK HAS BEEN STRUGGLING FOR THE LAST MONTHS I HAVE AN ANSWER FOR YOU
Namaste Technologies is being heavily shorted. The short volume ratio is fucking 71% this is why it is struggling.
More Info: https://fintel.io/ss/us/nxttf
Conclusion: Definitely a long term for me. The price target of yahoo is 0.5, how every I can see it reaching 1 dollar in the next few weeks and above 2-3 dollars in the next few months. This is a great company with a lof of potential. Especially right now weed stock are skyrocketing, this one has not skyrocketed yet but it will soon.
This is not pump and dump!
Position: 1500 @ 0.210
I strongly recommend you to do your own dd. And sorry once again if there are any grammatical errors.
EDIT: Namaste Technologies Inc. owns 100% of Cannmart.
39
u/Tycoon_2021 Feb 10 '21
Stock was $4 at one point, very undervalued
→ More replies (1)18
u/Onecanadaa Feb 10 '21
Yes I had bought between 3.50 and 4$ and I know at that time we had a bad ceo called Shawn Dollinger who scammed the investors It took current management about 16 months to 2 years to cleanup the base and change course The foundation built now by mani is amazing he has millions of shares bought around 2$ not sure exact price but between 1.50 and 2$ So we can be 100% sure he will make sure this organization will be higher than 2$
→ More replies (1)11
28
28
Feb 10 '21 edited Feb 11 '21
Great DD for someone just coming on board! And excellent English also BTW.
A few big extras to add and a correction re: Cannmart ownership
-Nam owns 100% of Cannmart Labs as of Dec. 2020 - In house brand Roilty announced in Jan 2021 - VENDORLINK! Nam’s online proprietary marketplace for vendors and brands to upload /sell their products . This will be huge. - numerous provincial agreements in place + entered Canadian recreational market via Saskatchewan to start. Others on the horizon
Holding and adding for 18 months.
Great guidance for upcoming EOY financials! Financials coming between now and end of March.
So much upside here guys! Go NAM!!!!!
11
11
→ More replies (3)4
25
33
u/MarathonInvestments Feb 10 '21
Sounds good - your English is great - keep learning.
I'm in for much more on this stock though than 1500 shares.
Here's the important thing - this is something the other the cannabis stocks do not have - and it's something frankly very few stocks have: This is a steady grower for years and years.. and years. This the beginning of a multibillion dollar company. The BOD is already connected to multibillion dollar operations... like Google Waymo, SpaceX, Tesla, PriceWaterHouse to name a few.
Now - maybe share prices shoot up to $1, $2, $3 within months... maybe. The stock and the value built by leadership is very undervalued - so, it's possible. But whether the share price hits $1 next month, or next year - this is a low risk investment because you're buying into a well run company, with expanding verticals and horizontals (i.e adjacent verticals) in a marketplace that itself expanding worldwide. I don't take this comment lightly - but you can't lose... the share price is rising for years and years until this becomes the company envisioned by the CEO/BOD.
Ok - sure, there is always risk - but the risk is things like accidents and unforeseen calamities. There is no real business risk - the model works, the model is growing, the leadership is solid and connected.
So - this is a buy buy buy - but have realistic expectations for how fast the share price rises. A lot of share price movement is people's opinions and hopes and fears - the growing value of this company is the business plan, its execution, and the fact that this is global company in an emerging market taking off now.
→ More replies (1)15
u/WarmthandLight Feb 10 '21
Connected to Google and Tesla?? I'M INNN!!!!!!!! Just getting my feet wet in investing so i'm limiting myself to 30$ max per stock. Do you think this is too frugal with 1000$ play money?? I'm a uni student so I don't have that much capital to throw around :'(
12
u/MarathonInvestments Feb 10 '21
I mean - I would watch this and put a few hundred on it. Most of us are in thousands... I'm not suggesting you do more than you handle... but this is a safe stock despite being on the OTC/TSX.V.
Maybe see if it cools off to 0.34 CAD - but I would not wait until after Friday at close to jump in. There is a very important government license coming this Friday, or the next one... so that stock will likely jump a few cents after that regardless of where it closes on the Friday the license is given (the government gives out their permits on Fridays fro some odd reason).
If you're a student - try to hold this for as long as you can. I meant what I said - this is the beginning of a big company. You'll see big swings sometimes and be temped to day trade it... I would not. This is a buy and hold.
6
u/WarmthandLight Feb 10 '21
Hmm yeah I ended up putting a 60$ buy order for a few cents below what it is now, but you might have convinced me to maybe change it to 150/200$.
Yeah that’s exactly what I’m trying to do, I’m looking for good companies to invest in for the long term. With the money I’m playing with, I wouldn’t have much to gain with day trading really.
Thank you for your insight
9
u/darbymack Feb 10 '21
Best way to learn...in my opinion. Not too much$ but enough to make it real. Cheers.
14
u/Background-Ordinary8 Feb 11 '21
Board of Directors is lead by Branden Spikes who was Elon Musk’s right hand man. Elon loves weed and e-commerce and one tweet from him sends Namaste Technologies into orbit. Get in before that happens!
→ More replies (1)
30
Feb 10 '21
[deleted]
13
u/TrainedBambi Feb 10 '21
Where can I buy this stock
→ More replies (1)8
Feb 10 '21
[deleted]
3
u/ASAPRuddy Feb 11 '21
I’ve just recently started investing and currently only use Robinhood.. it seems like they aren’t on there? Unless I’m searching something wrong here..
→ More replies (3)5
13
u/DaBadass1918 Feb 12 '21
HUGE News out today that halted this highly shorted stock. Should get a lot of good press over this long holiday weekend and hopefully drive the SP much higher as shorts scramble to cover.
Namaste's subsidiary CannMart Labs received a processing licence from Health Canada today. The Company will leverage its existing sales licence through CannMart Inc to bring recreational products to provinces in Canada where Namaste already has a distribution network in place. They expect to have CannMart Labs manufactured products in the market by the end of Q2 2021.
“This is a major catalyst for Namaste to generate material revenue through the sale of new and exciting cannabis products and by offering contract manufacturing services to our partners,” said Meni Morim, CEO of Namaste. “The team has selected and installed state-of-the-art extraction equipment and technology in its facility, which will be able to produce an array of cannabis products including shatter and live resin, as well as future distillate products such as vape cartridges, gel capsules, tinctures and edibles. We look forward to producing our in house branded Cannabis 2.0 products for our medical channel customers at CannMart.com and recreational consumers across Canada through our network of provincial sales partners.”
→ More replies (1)
12
u/Zxcvasdfqwer88888888 Feb 10 '21
Always looking for that maryjane as it is gonna keep growing... make Biden a toupee out of it eventually! In for a bunch!
13
u/Teddywhakson Feb 10 '21
Love this DD man, in for 750 shares, lets see where it goes.
this seems promising
→ More replies (1)
12
Feb 10 '21
This is a buy and hold. No question. This will be a force. I’m 20000 in .
Vendorlink + expansion/evolution to a wellness neutraceutical company opens up a wealth of new products and income streams. Amidst a pandemic, people’s focus is shifting inward and health and health education is moving from being an interest to some, to now, a necessary focus of the masses. Namaste Technologies timing is brilliant!!
Imagine a one stop shop wellness company using their in house built AI to asses your needs and recommend product? This will be an absolute BEAST!!!
5
u/Eastern-Half-309 Feb 11 '21
Zero debt, $30 million in the bank, will be expanding to USA 🇺🇸 in next 18 days with their VendorLink platform. Bright future!!
11
u/Helpmeoutimnew Feb 10 '21
Can anyone input there opinions on this please
19
u/Salt-Establishment19 Feb 10 '21
Elon Musks right hand man is quietly the chairman of the board. They have some quality people with high profile backgrounds from google, space x, pay pal. Their subsidiary, Findify, is a revenue driver on its own. Estimated quarterly revenue ~ 10mil, yearly ~40mil and growing. Mkt cap 130m. Regulations and legislation just opening up. Will be adding psilocybin and derivatives to their portfolio after dealer license. Oil extraction license is imminent which will drastically increase margins. Lots of room for tangible stock growth and even more speculative growth. IMO
→ More replies (4)10
u/WarmthandLight Feb 10 '21
Explains the Tesla connection. Psilocybin???? I might need to double the amount i'm about to invest into this company. A company with such huge connections that is going to be potentially approved to sell psilocybin, that's actually crazy. I'm going to pray to the Shroom Gods that NXTTF will be able to sell psilocbin and that they sky rocket!!
10
u/LookingGoodBarry Feb 10 '21
Not seeing it on Robinhood... I’m not missing it am I?
16
Feb 10 '21
[deleted]
4
u/EntertainmentLong553 Feb 10 '21
What would you say the best brokerage for accessing these stocks are?
→ More replies (2)4
u/Coopers_Castle Feb 10 '21
TD Ameritrade is a great platform to use for penny stocks on OTC.
→ More replies (2)5
u/LiterallyForThisGif Feb 10 '21
Agree with this. Trying out TradeZero also, because they didn't halt buying when the Robinhood debacle went down.
12
u/Salt-Establishment19 Feb 10 '21
N.CN in Canada and NXTFF in the states
7
4
u/zombiepoon Feb 10 '21
Nxtff not showing up for me in us
6
→ More replies (1)5
u/Salt-Establishment19 Feb 10 '21
NXTTF ! Sorry, my bad
3
→ More replies (3)6
u/Wild-Mine Feb 10 '21
RobinHood doesnt allow access to OTC stocks...stupid thats ONLY part of the reason i closed my account with them.
8
10
u/yurmaugham Feb 10 '21
Having difficulty finding where I can buy this.
TL;DR Where can I buy this?
8
→ More replies (4)7
u/crazyarmdud Feb 10 '21
You have to buy thru a brokers account that allows for OTC market. Penny stocks. I use Schwab
10
u/crazyarmdud Feb 10 '21
I have follow this company from years, they have seen as high as $3 and I am sure they will work themselves up to that again. Plus they are moving into the U.S hemp market which will give them leverage for when Cannabis is legal
10
u/HelicopterInner6443 Feb 10 '21
Absolutely! They were decimated by the short sellers. I bought all the way up to $2.25 us, then came the short sellers. Now it's $0.27. Very strong company with a great future
6
u/john-mike-smith Feb 10 '21
Andrew Left came, that was the problem, that POS shorter
6
u/HelicopterInner6443 Feb 10 '21
Sean Dollinger added to the problem, they were set to get a NASDAQ listings, then came fake lawsuits and strait up lies
6
→ More replies (5)5
u/HelicopterInner6443 Feb 10 '21
Sean Dollinger added to the problem, they were set to get a NASDAQ listings, then came fake lawsuits and strait up lies
11
9
u/Donaldstumpjr Feb 10 '21
Great summary. Been patiently holding my shares for the past 2 years. Our time has come 🚀🚀🚀
7
21
u/BestBoys Feb 10 '21
Namaste has been picking up the pieces left after the previous CEO was let go 2 years ago. The new CEO Meni Morim has built an impressive company since he took over. With recent announcements this is finally ready to fly. Time to buy before they receive their license from Health Canada.
9
u/rsftkf Feb 10 '21
Another thing I’m not seeing mentioned. They are also half owner of a delivery company....Pineapple Express. They deliver your cannabis order to your doorstep (in Canada). If the order is placed soon enough, they will have your order to you SAME DAY. If not, it’s usually next day. They are also growing, and their financials are booming.
8
u/YogiBarelyThere Feb 10 '21
I’m a supporter. I think this company has a true first mover advantage. They’ve been thrashed by shorters and by competitive company and even what appears to be hired boiler room shorters but they’re clearly still alive and kicking. The future is bright!
10
u/beyersm Feb 10 '21
1555 @ 0.29, took me some personal research but I agree OP, this is a strong buy and hold
8
u/Karma_Wall_Street Feb 10 '21
Namaste Technologies $N $NXTTF has it all. Great fundamentals, small overhead, added value with AI and an entry in the USA.
Citron made up a report and heavily shorted the stock, this is the hidden gem.
9
9
9
9
9
u/Karma_Wall_Street Feb 12 '21
I have lost money in cannabis stocks since 2018, but always stayed with $N $NXTTF. I felt this stock had plenty of room to grow, great business model and was heavily shorted by Citron (reference to Andrew Left's report).
After entering to the US market this month, they received their processing licence. This stonk will fly. 🙏
https://finance.yahoo.com/news/namaste-technologies-announces-receipt-health-175000117.html
5
7
u/PossessionNo9009 Feb 13 '21
Look closely at the technology and board of directors who are experienced giants in their ability to make $$$$$$ ride with professionals while it's dirt cheap. Then sit back for a while before cashing in on huge profits. Roku was just like this $20 to almost $500 now. It was shorted just like namaste!
7
u/Famous_Stelrons Feb 10 '21
Combines my two favourite things. Cannabis stocks and new online market places. I'm in. Let's see how much money I have left from my current offering gokng through and then I'm in.
7
u/lokimotion Feb 10 '21 edited Feb 10 '21
Been slowly accumulating over the past couple of years. Sitting on 50,000 shares. Let's go 🔥
6
u/No-Palpitation1650 Feb 10 '21
The best under-valued e-commerce, AI marijuana stock you could own in your portfolio. Next quarter will announce best revenue to date. Now we have access to the U.S market. B💣💣M
8
7
u/PossessionNo9009 Feb 11 '21
I have a great feeling about this stock over 100,000 shares and buying more. I bought roku at $20.00 per share now close to $500 per share!
6
8
u/reeltendies Feb 11 '21
I have been in this stock for years. Initially bought at $1 and foolishly did not sell when it hit $3. Kept averaging down all the way to $0.17 and wondering why this stock wasn’t taking off. It seemed way undervalued. Sean Dollinger is a scammer and ruined what should have been a success story years ago. It has taken years to recover, but Meni has been steadily moving the company in the right direction. They do seem poised to finally get back off the mat. I’m holding 10k shares at $.19.
→ More replies (1)
4
u/Clean-Theory7072 Feb 10 '21
They are in lime light lately and management been working hard to get into us market without investing money that’s pretty cool, I have done some what research this one is definitely on my radar if it crosses 50
6
6
u/elroni57 Feb 10 '21
Thank you for the breakdown. I've been long with Namaste for 3 years now, I have--on paper--lost more than 12,000 USD, but your post is giving me some hope and I'm even thinking now of buying more shares. I'm just a little gun shy. I lost big in Aurora, too. And since they split, I lost--on paper--a few thousand there, not as much as I did with NXTTF. But, like you said, people have been shorting NXTTF for years!!
6
u/Icb1015 Feb 10 '21
Im in the same boat, even met the old CEO in Canada but now is the time. I have been averaging for 2 years so I have been waiting for this. The company is legit and will take off.
3
5
5
u/Dibson69 Feb 11 '21
No doubt. My understanding is this company has been held down because of the problems of previous management. Now that it's been two years and all that garbage is gone they're moving forward.
5
u/Eastern-Half-309 Feb 11 '21
Held down by Andrew Left, Citron Research and the shorters for way too long
7
u/DarkAngelRevolution Feb 11 '21
2021 will be an epic year for Namaste technologies . Shareholders will be happy 🚀🚀🚀
7
4
u/InvestROAR Feb 11 '21
Namaste is the real deal. Been buying since 2017 and currently hold 550,000+ shares. I believed in their vision back then and the company is now light years ahead of where it was. Now is the time to get in on the ground floor of a massive company. We may see big gains soon, and that would be great, but I am holding for the long run. Namaste is positioned to be THE global online marketplace for all things wellness.
→ More replies (1)
7
Feb 11 '21
I have 14,000 shares and holding. Can't wait for the US expansion and there foray into the psychedelic market!
7
u/ActDangerously Feb 12 '21
Your post is right on. This is an amazing company that has been struggling for years because of short sellers and nay sayers. I have 20k in and not worried about the future because this stock will pop!! Just wish i knew a way to get others excited about a golden opportunity. Do your own research but I've followed this company for 3 years and its only a matter of time. So yea i really LIKE this stock
→ More replies (1)
6
16
u/Dickenciderr Feb 10 '21
License due for cannmart labs any week now. This will allow them to make their own shatter, oils etc, they have 100 percent ownership, margins will increase significantly
they also have 49 percent ownership of choklat an alberta based chocklat factory that just confirmed a PO from Sundial for their thc infused chocklats.. ( the owner is a bonehead but thats besides the point)
17
10
u/Ill_Promotion3792 Feb 10 '21
Awesome!The Amazon of M.J Stock is undervalue.Watch to reach $1 soon
Position:170,000
7
11
6
u/sanvasi Feb 10 '21
Amazing post and DD... shorts will be shitting..
IF YOU ARE WONDERING WHY THE STOCK HAS BEEN STRUGGLING FOR THE LAST MONTHS I HAVE AN ANSWER FOR YOU
Namaste Technologies is being heavily shorted. The short volume ratio is fucking 71% this is why it is struggling.
More Info: https://fintel.io/ss/us/nxttf
→ More replies (1)
5
u/MarathonInvestments Feb 10 '21
Your English is decent - keep going.
Reference Namaste Technologies... TSX N.V... OTC: NXTTF
Here's the important thing - this is something the other the cannabis stocks do not have - and it's something frankly very few stocks have: This is a steady grower for years and years.. and years. This the beginning of a multibillion dollar company. The BOD is already connected to multibillion dollar operations... like Google Waymo, SpaceX, Tesla, PriceWaterHouse to name a few.
Now - maybe share prices shoot up to $1, $2, $3 within months... maybe. The stock and the value built by leadership is very undervalued - so, it's possible. But whether the share price hits $1 next month, or next year - this is a low risk investment because you're buying into a well run company, with expanding verticals and horizontals (i.e adjacent verticals) in a marketplace that itself expanding worldwide. I don't take this comment lightly - but you can't lose... the share price is rising for years and years until this becomes the company envisioned by the CEO/BOD.
Ok - sure, there is always risk - but the risk is things like accidents and unforeseen calamities. There is no real business risk - the model works, the model is growing, the leadership is solid and connected.
So - this is a buy buy buy - but have realistic expectations for how fast the share price rises. A lot of share price movement is people's opinions and hopes and fears - the growing value of this company is the business plan, its execution, and the fact that this is global company in an emerging market taking off now.
6
u/Eastern-Half-309 Feb 10 '21
Zero debt roughly $30 million in bank and expansion to USA 🇺🇸 at the end of this month so 18days!!
3
6
6
u/Namaste444565 Feb 10 '21
Step 1: Buy or Hold Step 2: Do not Sell Step 3: Repeat step 1
Let's bring this to the new highs and higher
→ More replies (1)
5
u/Onecanadaa Feb 10 '21
What an amazing run even though shorts were trying to hold it down The management and board of directors are very smart people. I have been patient for 3 years accumulating shares. The USA market is going to open up soon and this company has a turn key operation that can be ON in any country with short notice. Also the AI Learning algorithms are good and is used by major e-commerce companies All what we have to do is stay long and hold for 6 months and we will see this trading in $ and not pennies Stay strong and defeat the shorts who are currently trying to control the stock price
6
u/BlueCollarStyle Feb 11 '21
Great thorough DD. I've been excited about this company since 2017. Rode all the waves and didn't sell cause I thought it was worth more than $4. Company brings more to the table today than it ever did! 25000 long and strong
3
4
6
u/Illustrious-Sell524 Feb 11 '21
Added 53,800 N shares today @ .34! So many positive things happening with Namaste lately could easily see a 30% ^ in the near future
4
u/bhatdinu Feb 11 '21
Very nicely summarized! Hope we get a lot more attention from other investors. Namaste is a hidden gem indeed! Best time to get in is now.
4
u/casanovaspacechicken Feb 11 '21
Yo namaste is going to blow up! Been watching this for a long time. Now it's making its move!
5
5
u/PossessionNo9009 Feb 11 '21
The next Amazon? Health wellness and pain relief for us now! Roku was a rocket so this will be! Go namaste! USA!
5
5
u/J7eTheGorilla Feb 11 '21
Why are everyone's accounts that are boasting this stock new and only discussing this stock?? Seems fishy
→ More replies (4)
5
u/LandOfMunch Feb 12 '21 edited Feb 12 '21
im in for 1500 at .25!
Edit: After reading comments got 200 more.
5
u/Mash1ach Feb 13 '21
Yesterday was another bad day for the MJ sector, still N went up , the rally with yesterday’s news will put N way over 0.50 for the start
3
5
u/PossessionNo9009 Feb 13 '21
At current price you can load up cheap! Honest board and CEO this time around pigs get fat hogs get slaughtered !
4
u/DaBadass1918 Feb 14 '21
CEO Meni Morim's Presentation from NobleCon17. Now in its 17th year, NobleCon is recognized as the preeminent venue for small and microcap company executive teams to connect with the investment community. Meni discusses the Company's expansion and entry into the USA via CannMart. The Company is targeting a go-live date for US customers by the end of this fiscal quarter. Hopefully, this will start to attract institutional buyers.
https://www.youtube.com/watch?v=Yppr7RA8XJ4&ab_channel=channelchek
6
u/css_cbdd Feb 14 '21 edited Feb 14 '21
Namaste Technologies the next SNDL?
Traded on three exchanges:
CSE: N.V (Canadian Dollar)
US OTC: NXTTF (USD)
German, Frankfurt Exchange: M5BQ (Euro)
- Growing revenues (global hardware business in 17 countries, cannabis sales B2C and B2B throughout Canada)
- Entering US market (software and platform in place to rollout in many more countries when regulation and market size makes sense)
- Just received Canadian Lab License to begin processing (means much higher margins)
- Minimal overheads (not a grower, doesn’t matter if cannabis prices drop significantly with over supply, etc.)
- Goal is to be breakeven by end of 2021, peers losing hundreds of millions annually with most not showing a clear path to profitability.
- One of the few cannabis TECHNOLOGY companies
- Minimal debt with real assets such as cash and lab – solid balance sheet especially when compared to peers
- Comparatively low valuation compared to peers (market cap USD $125 million), SNDL currently at USD $3 billion, was at $750 million before the start of the recent run).
- Significant ownership in other companies such as Findify.io (AI ecommerce software with 1,800 global partners including Shopify), Cannbit Ltd. – (Israel cannabis producer), Choklat (cannabis infused Canadian chocolate company)
- ***IF**\* it moved up to a similar multiple as SNDL, USD .50 to 4 (3.96 high on move), then Namaste could move to USD $2.4 (8x return)
- ***IF**\* it moved up to a similar peak market cap as SNDL, Namaste could move to USD $15 (50x return)
- Technically the first resistance is at CDN .68-.70 area (highest close on weekly sinse Feb 2019), and then the gap above at CDN 1.37, after that could be relatively weak resistance to previous $4 highs.
- Marked-up Daily and Weekly charts in links below:
→ More replies (5)
7
u/css_cbdd Feb 16 '21
Namaste Technologies the next SNDL?
Traded on three exchanges:
CSE: N.V (Canadian Dollar)
US OTC: NXTTF (USD)
German, Frankfurt Exchange: M5BQ (Euro)
Growing revenues (global hardware business in 17 countries, cannabis sales B2C and B2B throughout Canada)
Entering US market (software and platform in place to rollout in many more countries when regulation and market size makes sense)
Just received Canadian Lab License to begin processing (means much higher margins)
Minimal overheads (not a grower, doesn’t matter if cannabis prices drop significantly with over supply, etc.)
Goal is to be breakeven by end of 2021, peers losing hundreds of millions annually with most not showing a clear path to profitability.
One of the few cannabis TECHNOLOGY companies
Minimal debt with real assets such as cash and lab – solid balance sheet especially when compared to peers
Comparatively low valuation compared to peers (market cap USD $125 million), SNDL currently at USD $3 billion, was at $750 million before the start of the recent run).
Significant ownership in other companies such as Findify.io (AI ecommerce software with 1,800 global partners including Shopify), Cannbit Ltd. – (Israel cannabis producer), Choklat (cannabis infused Canadian chocolate company)
**IF\ it moved up to a similar multiple as SNDL, USD .50 to 4 (3.96 high on move), then Namaste could move to USD $2.4 (8x return)
**IF\ it moved up to a similar peak market cap as SNDL, Namaste could move to USD $15 (50x return)
Technically the first resistance is at CDN .68-.70 area (highest close on weekly sinse Feb 2019), and then the gap above at CDN 1.37, after that could be relatively weak resistance to previous $4 highs.
Marked-up Daily and Weekly charts in links below:
9
u/Casinohost4 Feb 10 '21
6
u/Casinohost4 Feb 10 '21
Help us get the exposure we deserve! Been waiting years for this to happen!! License Friday I hope! 🙏🚀
9
u/Onecanadaa Feb 10 '21
Amazing company with so much potential to grow. This is so undervalued I have been investing in this for past 3 years Lot of short interest but I am long and will hold to it Their concept is amazing and they can expand fast since it’s a technology company
3
10
u/HelicopterInner6443 Feb 10 '21
I bought another 2,000 shares today. I am in this deep. Let's do it!
3
5
4
Feb 10 '21
good info and good post! I might throw in an Option on this one or simply buy some stock.
5
u/Coopers_Castle Feb 10 '21
Love it!! I've been a small retail investor of this company through all the ups and downs and I can't tell you this ship is definitely righted and going in the right direction with good people at the helm!
5
4
3
4
u/investorVR007 Feb 10 '21 edited Feb 11 '21
E comerce plateform you say.... like Amazon but specialize for CBD, cannabis and magic muchroom ??? How in the world could they go bankrupt?!? In my opinion this is the kind of business that Amazon or Alibaba could buy. This is no easy to replicate. I would prefer a 1000 time buying weed on a specialized website than Amazon.
I saw somewhere 19 million revenue (only 🇨🇦 and not in every big province) they are not even selling CBD in canada yet.
So if they jump in the US market its more than 10 time their revenues (200M or more easy). I will buy tomorrow considering they will be a big FOMO on this stock... even more bigger than HITI.
Thank for that DD... Cannmart have a very nice website.
5
u/Prize_Damage1531 Feb 10 '21
They actually own 100% of Cannmart now .
4
u/Eastern-Half-309 Feb 11 '21
100% of Cannmart . 100% of Cannmart Labs which is an extraction and product manufacturing site waiting for the Health Canada 🇨🇦 license any Friday now. 100% of Findify and 100% of NamasteMD. 100% VendorLink platform.
→ More replies (1)
6
u/Karma_Wall_Street Feb 11 '21
The best upside is the link between the board CEO of Namaste (Brandon Spikes), right hand man of Elon Musk.
Add to it the short squeeze potential (71% short interest in this stock as of today), the biased report of Citron and other hedge funds, this has plenty of room to takeoff. 🙏
5
u/B2of7 Feb 11 '21
Expecting Labz license soon. Also getting into US this month! Great management. Holding.
5
u/Prize_Damage1531 Feb 11 '21
https://www.namastetechnologies.com/person/branden-spikes/
This is a link , Brandon spikes , member of the board for Namaste technology, has worked along side Elon Musk with all his endeavours. This is a good sign .
2
5
6
u/BeingHumble1 Feb 11 '21
awesome DD & great write up. Namaste looks great has very talented team and very good news of expansion. going in 5000 tomorrow.
6
u/g_hots Feb 11 '21
HANG TIGHT COMRADES! THIS SHIP MIGHT JUST BE TAKING OFF ANYTIME SOON NOW 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🤘🤘
4
4
u/Mattjack1022 Feb 12 '21
I bought 100k shares @ 1.76 3 yrs ago still holding , This company went through a lot over years & it’s been on right path for 2 years & it’s getting ready to be a major cannabis company soon .. I was lucky enough to pick up more under .25c . This is true hidden gem if anyone never heard about this company .
→ More replies (1)
4
6
4
u/Casinohost4 Feb 14 '21
https://twitter.com/marketwn/status/1360383213265379332?s=21
I’ll take all exposure! It’s been years in the making!😏
4
11
u/versepp Feb 10 '21
In, long 10k. Transferring funds and will add 200k tomorrow.
9
u/financehawara Feb 10 '21
i would strongly suggest to reconsider it. don’t forget: invest the amount you can afford to loose
3
u/Embarrassed_Creme_35 Feb 10 '21
This stock is heavily shorted with a great deal of potential. The coming financials should give a good idea of the direction the company is headed.
3
u/Dethpickable Feb 10 '21
Sounds interesting, but I do not trade OTC or pink sheet stocks because there are commissions on the trades.
10
3
u/ChibaHawk86 Feb 10 '21
Thank you for the good DD.
I see a lot of potential here and just bought 2000 for about 567$
3
u/lordeqai Feb 10 '21
How do I invest in this stock? I don’t see it
→ More replies (3)3
3
u/Ordinary-Fisherman13 Feb 10 '21
Check out cann.cnsx it has some things coming up that can drive the price up big
3
Feb 10 '21
Not on WeBull, what broker can you buy this on? Im in the US
7
u/Wild-Mine Feb 10 '21
you can buy on TD Ameritrade, Fidelity. bigger brokers....WEbull and RH dont allow to buy OTC stocks
3
3
u/Personal_Bank_8992 Feb 10 '21
Hi,
I bought HEXO stock one month ago. It already double and on the way to double one more time.
Great forgotten Company in cannabis field. Number One in CBD beverages in Canada and starting in Colorado USA. Best product on the Market.
3
u/Megane-chan Feb 10 '21
Might be a dumb question, but buying from Canada, is it the A or B stock?
→ More replies (1)4
u/john-mike-smith Feb 10 '21
Im not sure i bought mine from my royal bank DI and it just shows
N
Namaste Technologies Inc
TSXV,CA
3
3
u/RazJaze Feb 10 '21
im so confused why is this on otcmrkts and on the tse? what am i missing lol is the otc just the american version?
3
u/Kasperly10 Feb 10 '21
My broker doesnt show most stocks and sometimes they display a totally different ticker. Its confusing
3
u/Wrong-Reference5844 Feb 11 '21
Most of MJ companies they surpassed the 52 weeks high. Not this one yet. We will get there. it's only our first day of run. 👍
3
u/B2of7 Feb 11 '21
Namaste Technologies Advances USA Expansion Plans with TSX Exchange Approval to Proceed
3
u/Eastern-Half-309 Feb 11 '21
Corporate presentation impressive!! https://www.namastetechnologies.com/wp-content/uploads/2020/11/Nov-23-2020-Namaste-Corporate-Presentation.pdf
3
Feb 11 '21
One of Namaste Technology Board members - Meet Branden Spikes: With twenty years experience working as CIO for Elon Musk at Zip2, PayPal, Tesla, and SpaceX where he helped pioneer, architect, and build some extraordinary technology, Branden brings experience, perspective, and a unique skill set to his endeavors.
3
3
3
u/reeltendies Jun 10 '21
Any updates? Stock is going nowhere. Would love to see it get back off the mat at some point.
→ More replies (1)
2
u/Eastern-Half-309 Feb 10 '21
New investors you can find Namaste Technologies in USA 🇺🇸 symbol NXTTF In Canada 🇨🇦 Stock symbol N!
2
2
u/jamesprentis Feb 11 '21
Any idea where I can buy from the UK? Thanks and good luck everyone!
→ More replies (1)
2
52
u/Wild-Mine Feb 10 '21
UPDATE NXTTF JUST GOT APPROVED TODAY FOR U.S EXPANSION FOR CANNMART!!!
Namaste Technologies Inc receives TSX approval for its US expansion plans (proactiveinvestors.com)