Opinions
Genevieve Roch-Decter
Namaste Technologies Inc.
N-X
TOP PICK
Jun 19, 2018
N/A
Stock price when the opinion was issued
0
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This is positioning itself to become the Amazon and the Uber of the cannabis world, with 20 ecommerce sites across 20 countries. The stock had a huge runup because everyone was excited by the model, but it pulled back. This is a good time to get in. The company has $30 million in cash and will be doing further acquisitions. They have two unique platforms: One is for Namaste MD where patients can get prescriptions. The other, Cannmart, allows patients to buy cannabis online. Namaste will be one of the few licensees that sells cannabis but does not cultivate it. They are awaiting for Health Canada approval (Analyst’s price target is not provided)