NXTTF - Namaste Technologies Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.3962
-0.0085 (-2.10%)
At close: 3:52PM EDT
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Previous Close0.4047
Open0.3960
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.3900 - 0.4188
52 Week Range0.3620 - 3.0490
Volume162,300
Avg. Volume673,257
Market Cap129.158M
Beta (3Y Monthly)3.08
PE Ratio (TTM)N/A
EPS (TTM)-0.0700
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • CannMart Provides Update on New Products and Licensed Producers
    PR Newswire2 days ago

    CannMart Provides Update on New Products and Licensed Producers

    TORONTO, July 19, 2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced the signing of three new agreements with Canadian licensed producers ("LP"), further expanding the breadth of products offered within its online cannabis marketplace. Included in the list of new LPs is Agro-Greens Natural Products Ltd. ("Agro-Greens"), of Macklin, SK and PureSinse Inc. ("PureSinse") of Brampton, ON. The Agro-Greens and Puresinse agreements help solidify Namaste's, and its online platform CannMart's, new fee-based model based on consignment versus traditional buy and sell.

  • CNW Group2 days ago

    Pure Global Announces New Distribution Agreement Expanding Access to CannMart's Extensive Client Base

    Pure Global Announces New Distribution Agreement Expanding Access to CannMart's Extensive Client Base

  • Namaste Technologies Reports Second Quarter 2019 Financial Results
    CNW Group3 days ago

    Namaste Technologies Reports Second Quarter 2019 Financial Results

    TORONTO , July 18, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced its interim financial results for the second quarter ended May 31, 2019 .

  • Namaste Technologies Expands Patient Referral Network with ARBR Agreement
    CNW Group10 days ago

    Namaste Technologies Expands Patient Referral Network with ARBR Agreement

    TORONTO , July 11, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it has signed an agreement with 2103486 Alberta Ltd. operating as "ARBR" to incorporate NamasteMD into the ARBR clinical referral platform. ARBR is a web-based tool developed to help pharmacists and clinicians guide patients through their cannabis journey and support patients with questions or concerns, allowing them to select the right strain for their individual needs.  The Edmonton, AB -based company has an agreement with one of Canada's largest generic pharmaceutical manufacturers whose customers include over 11,000 pharmacies across Canada .

  • Namaste Technologies Announces Results from 2019 Annual Shareholder Meeting
    CNW Group25 days ago

    Namaste Technologies Announces Results from 2019 Annual Shareholder Meeting

    Namaste Technologies Announces Results from 2019 Annual Shareholder Meeting

  • GlobeNewswire27 days ago

    True Leaf Expands Online Direct-to-Consumer Distribution Strategy with Namaste Technologies

    True Leaf Brands Inc. (“True Leaf” or the “Company”) (CSE:MJ) (TRLFF) (TLA.F), a leading global cannabis and hemp wellness brand for pets, today announced that on June 21, 2019, it signed a supply and purchase agreement with top online cannabis marketplace Namaste Technologies (“Namaste”) (TSXV:N.V) (M5BQ.F) (NXTTF) to expand its direct-to-consumer distribution network. Namaste, Your Everything Cannabis Store™, is a global cannabis e-commerce platform with multiple websites under various brands.

  • Namaste Technologies Continues Push Towards Becoming World's Leading Cannabis Marketplace Through Agreement With True Leaf
    CNW Group27 days ago

    Namaste Technologies Continues Push Towards Becoming World's Leading Cannabis Marketplace Through Agreement With True Leaf

    TORONTO , June 24, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it has signed a supply and purchase agreement with True Leaf Brands Inc. (TRLFF) (CSE:MJ) (DEUTSCHE BORSE: TLA) to market and distribute a line of hemp-based supplements for pets through its online marketplace, CannMart.com. "We're building a technologically exciting marketplace for the adult-use cannabis market where we can reimagine the experience and product offering available to both our customers and vendors," said Meni Morim , Interim CEO at Namaste Technologies.

  • Namaste Technologies Provides Statement on Email List Distribution
    CNW Grouplast month

    Namaste Technologies Provides Statement on Email List Distribution

    TORONTO , June 21, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or "the Company") (TSXV:N.V) (M5BQ.F) (NXTTF) has determined that an email list of users registered with Namaste MD was uploaded by an employee to a third-party email solicitation provider for the purposes of soliciting unauthorized cannabis sales. It is believed that the emails were first uploaded to the third-party solicitation provider on May 4, 2019 following which affected Namaste MD users were sent emails over a period of 5 days and the situation was contained following Namaste's detection and handling of the incident. Namaste has now completed its investigation of the facts and circumstances leading up to the incident and has taken appropriate action.

  • GlobeNewswirelast month

    REPEAT - AgraFlora Organics Reviews Vertically Integrated Asset Portfolio

    VANCOUVER, British Columbia, June 18, 2019 -- AgraFlora Organics International Inc. (“AgraFlora” or the “Company”) (CSE: AGRA) (Frankfurt: PU31) (OTCPK: PUFXF), a growth.

  • GlobeNewswirelast month

    REPEAT - AgraFlora Closes Acquisition of Organic Flower’s Downstream and Product Formulation Asset Portfolio

    Organic Flower Investments Group Inc. (CSE:SOW)(2K6.F)(QILFF) ("Organic Flower" or “OFIG” or the “Company”) is pleased to announce that the Company has completed a transaction relating to the sale of its downstream and product formulation portfolio (the “Assets”) to AgraFlora Organics International Inc. (CSE: AGRA) (PU31.F) (PUFXF)  (“AgraFlora”). Pursuant to the terms of an executed Asset Purchase and Sale Agreement (the “Agreement”), this transaction reunites 70 per cent of Agraflora’s joint venture entity, Propagation Services Canada’s (“PSC”) 2,200,000 square foot Delta Greenhouse Complex under a consolidated corporate umbrella. Under the terms of the executed Agreement, AgraFlora will issue 1.15 common shares in the capital of AgraFlora for each one (1) issued and outstanding share of Organic Flower (the “Consideration Shares”).

  • /R E P E A T -- AgraFlora Closes Acquisition of Organic Flower's Downstream and Product Formulation Asset Portfolio/
    CNW Grouplast month

    /R E P E A T -- AgraFlora Closes Acquisition of Organic Flower's Downstream and Product Formulation Asset Portfolio/

    /R E P E A T -- AgraFlora Closes Acquisition of Organic Flower's Downstream and Product Formulation Asset Portfolio/

  • CNW Grouplast month

    AgraFlora Closes Acquisition of Organic Flower's Downstream and Product Formulation Asset Portfolio

    AgraFlora Closes Acquisition of Organic Flower's Downstream and Product Formulation Asset Portfolio

  • GlobeNewswirelast month

    AgraFlora Closes Acquisition of Organic Flower’s Downstream and Product Formulation Asset Portfolio

    Organic Flower Investments Group Inc. (CSE:SOW)(2K6.F)(QILFF) ("Organic Flower" or “OFIG” or the “Company”) is pleased to announce that the Company has completed a transaction relating to the sale of its downstream and product formulation portfolio (the “Assets”) to AgraFlora Organics International Inc. (CSE: AGRA) (PU31.F) (PUFXF)  (“AgraFlora”). Pursuant to the terms of an executed Asset Purchase and Sale Agreement (the “Agreement”), this transaction reunites 70 per cent of Agraflora’s joint venture entity, Propagation Services Canada’s (“PSC”) 2,200,000 square foot Delta Greenhouse Complex under a consolidated corporate umbrella. Under the terms of the executed Agreement, AgraFlora will issue 1.15 common shares in the capital of AgraFlora for each one (1) issued and outstanding share of Organic Flower (the “Consideration Shares”).

  • Namaste Provides Update on Management Cease Trade Order
    CNW Grouplast month

    Namaste Provides Update on Management Cease Trade Order

    VANCOUVER , June 6, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that the Management Cease Trade Order ("MCTO") imposed by the British Columbia Securities Commission ("BCSC") and the Ontario Securities Commission ("OSC") on April 2, 2019 and April 4, 2019 has been lifted. With the revocation of the MCTO, directors, officers and other insiders of the Namaste are no longer precluded from trading the Company's common shares.

  • 3 Top Cannabis Stocks for June 2019
    SmarterAnalystlast month

    3 Top Cannabis Stocks for June 2019

    June 2019 might hold some surprises for cannabis stocks. With the recent market downtrend, there are many great cannabis stocks potentially selling at a discount. It's become evident that cannabis is now consolidating and potentially setting up for the next wave of volatility. Whether that wave proves to be bullish or not is yet to be determined. For June 2019, there are a few stocks worth watching.Here is a short list of stocks to look out for June: Charlotte's Web Holdings (CWBHF)Charlotte’s Web, one of the leaders in hemp CBD extract products, is a new listing with incredible potential. It’s business model focuses mostly on hemp CBD products. Non-intoxicating and highly effective at improving health among many other uses, hemp is revolutionizing many industries. Charlotte’s Web is one of those companies leading the hemp revolution with CBD pet products, CBD capsules and extracts, and a wide range of other products. Although not considered technically ‘cannabis’, hemp has become an incredibly powerful movement in American agriculture.Hemp stocks in general are an interesting play. They offer a great alternative to purely cannabis stocks and give opportunity for investors in America to get into the cannabis market in some form. Hemp provides incredible value in the form of textiles, CBD, protein products, general nutrition (hemp seeds) and more. Charlotte’s Web is one of the companies leading the hemp revolution. So look out!In late April, Benchmark analyst Mike Hickey initiated coverage on Charlotte's Web's stock, with a Buy rating and a $25 price target, which is nearly 100% upside from current trading level.Hickey opined, "Our positive view on CWEB is based on the Company’s exposure to meaningful demand drivers that include: 1) Early leadership and brand development in the rapidly emerging domestic CBD market, which could reach $22B in 2022; 2) Recent passage of the 2018 Farm Bill where hemp is removed from the Controlled Substances Act and removed from the jurisdiction of the Drug Enforcement Agency (DEA); 3) A vertically integrated business model with a significant 2018 hemp harvest. CWEB has established manufacturing and distribution capabilities, all of which sets the stage for accelerating near term business growth; 4) Continued rapid expansion of CWEB’s product retail locations including national chains and growth from its ecommerce platform; 5) Ongoing brand development and product innovations that deliver CBD as the active ingredient. Anticipated new product offerings include consumables, pet offerings and differentiated topicals / cosmetics." Canopy Growth (CGC)Canopy Growth is also doing interesting things. Similar to Charlotte’s Web, it sees incredible potential in the current hemp market in the U.S.. It’s one of the first Canadian cannabis producers to enter the hemp CBD market and has large plans to expand that part of its business. Canopy is also highly invested in cannabis products such as edibles and beverages making is a very interesting company to look out for before Canada opens its doors to edibles later this year.GMP analyst Martin Landry recently reiterated a Buy rating on Canopy stock, with a C$72 price target, suggesting the stock can rise 30% from current levels.Landry noted, "The BC greenhouses appear to be running smoothly across all areas of production, trimming and drying. We value Canopy using a sum-of-the-parts with pro-forma share count assuming the Acreage acquisition closes. We value Acreage at 22x consensus 2021 EBITDA of US$292m for a value of $15.00 per pro-forma share. Our valuation of Canopy’s legacy operations is unchanged at $31b (or $56.00 using a pro-forma share count) and derived using a DCF calculation with the following: 1) a 7.5% discount rate, 2) a 28% share of the recreational market, (3) a 28% EBITDA margin, and (4) a 3.2% terminal growth."Overall, Canopy has had 7 bullish analysts in its corner over the last three months, and 4 analysts playing it safe on the sidelines. Importantly, the 12-month average price target of C$80.17 showcases 46% in upside potential for the stock. Namaste Technologies (NXTTF)Namaste stock is a love/hate relationship for many investors. It’s had a ‘journey’ of sorts trying to find its footing in the industry. Slowly consolidating after a bumpy ride from 3.74 in Oct 2018 to 0.88 for the last trading day of May 2019, it’s finally gaining a slight uptrend recently. Steadily trying to find its ground through all the adversity, Namaste may potentially be gearing back up to its former glory. June might see Namaste finally get its grip on the market.Bottom LineHemp stocks might have great potential in the next few months. Especially with the increasing social media hype and trade war. Canada itself is having issues with China and has had to cut exports of canola to China. Many farmers might start to replace those crops with hemp. So keep a look out for companies like Charlotte’s Web and Canopy. Tech might also start to rebound. Namaste has had a rough few months but is really well positioned in the cannabis space as a tech company and not a producer. Diversification is key and these three stocks provide different opportunities in the cannabis sector.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here.Disclosure: The author is Long NXTTF. Read more on the stocks mentioned: * Marijuana Stock Charlotte’s Web Looks Appealing at Current Levels * Cracks Are Forming in Canopy Growth (CGC) Stock * Namaste Technologies Stock Should Enjoy a Bright Future More recent articles from Smarter Analyst: * Curaleaf Helping to Put U.S. Cannabis Sector on the Map * Netflix’s (NFLX) Original Content Strategy Is Failing; The Stock Is Overvalued * Marijuana Stock KushCo (KSHB): Potential Catalysts Vs. Risks * Evercore Continues to Hold a Bullish View on Bank of America (BAC) Stock

  • Is the Worst Over for Namaste Technologies (NXTTF) Stock?
    SmarterAnalyst2 months ago

    Is the Worst Over for Namaste Technologies (NXTTF) Stock?

    Namaste Technologies (NXTTF) has endured a lot of self-inflicted pain in the past months, as scandals, firings, loss of an auditor, and a plummeting share price has left investors and shareholders wondering if it can survive over the long term.This is unfortunate because the business model itself, of building an e-commerce platform that sells a variety of accessories into the cannabis market, along with an app that was built to serve medical cannabis patients, had a lot of potential.Now the company has devolved into battling to regain legitimacy and viability, even as it appears to be continue to struggle to find its way.While the market is familiar with the negative events surrounding the company, I think the real issue going forward is the uncertainty associated with not knowing anything about the performance of the company since its last earnings release.Some of its numbers and latest earnings reportIn its earnings release for the fourth fiscal quarter of 2018, Namaste generated net revenue of $3.9 million, essentially flat year-over-year.Revenue in its vaporizer business showed no growth in the reporting period. Its CannMart segment generated $32,000 in sales in the quarter, and its NamasteMD generated sales of $61,000.Gross profit in the quarter was $930,000, with the company losing $8.7 million after its operating expenses were paid.While on the surface these numbers do look abysmal, there are a couple of things that need to be taken into consideration. For example, with its vape business, it divested of its holdings in the U.S., which was a major reason for the low-growth story that unfolded. That's not to say it has been growing strong, only that the numbers weren't as bad as the appear, once adjusting for the loss of U.S. sales.As for CannMart, in the quarter of the earnings report it had only started selling several weeks before, so it didn't have an impact on the quarterly numbers. They should improve in the next report, whenever it is released.Namaste just released its latest earnings after a prolonged delay. It generated $15 million in revenue and earnings per share of -$0.16. Unfortunately for the company, this isn't going to do much to assuage the concerns of investors in the near term.That said, CannMart has a lot of potential, based upon a wide production selection, quality customer service, and same-day delivery. It don't think the market is even pricing in CannMart at this time because of the overwhelmingly bad news associated with its prior management. That has changed, and if current management is able to regain confidence of shareholders through trust and performance, it should be a solid catalyst for the company.ConclusionNamaste management has a monumental task ahead of it. It not only must work on growing revenue and becoming more efficient, but just as importantly, regain the trust of shareholders and the general market, that it isn't simply pumping up the stock without management commitment and the business model to warrant it.My view is the company does have a potentially solid business model, and its decision to build out an e-commerce platform to sell cannabis-related products has a chance to do very well. If it isn't able to deliver, other companies will, as the e-commerce model aligns with consumer demand.Namaste did receive the first no-cultivation ACMPR sales-only license from Canada, and that's positioned it to provide the services it offers. That gives it the right to sell medical cannabis on its CannMart site.I don't believe Namaste is a fraudulent business as some have suggested, as it has a business model that makes sense. But now that its released its  financial statements, it must now show investors it has the ability to leverage its e-commerce platforms efficiently; the latest earnings period didn't do enough to prove it can. Until then, it's going to struggle to attract investors, or gain support for its share price.As the company stands today, it's a toss of the dice which way it'll go.Read more on Namaste Stock: * Namaste Technologies Stock Should Enjoy a Bright Future * There Are Too Many Red Flags for Cannabis Stock Namaste Technologies More recent articles from Smarter Analyst: * Can Curaleaf Stock Keep Going After This Week’s 22% Pop? This Analyst Says Yes * This Analyst Doesn't See a Comeback in Netflix (NFLX) Stock Any Time Soon * There's Light at the End of the Tunnel for Canopy Growth (CGC) Stock, Analyst Says * Aurora Cannabis (ACB) Wins a 'Buy' for Rolling Up the Marijuana Industry

  • Namaste Files Audited 2018 Annual Financial Statements, First Quarter 2019 Interim Financial Statements and Provides an Update on Management Cease Trade Order
    CNW Group2 months ago

    Namaste Files Audited 2018 Annual Financial Statements, First Quarter 2019 Interim Financial Statements and Provides an Update on Management Cease Trade Order

    VANCOUVER , May 31, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it filed its annual consolidated financial statements for the fifteen months ended November 30, 2018 , related management discussion and analysis and applicable officer certificates (the "Annual Filings").  The Company also filed its interim financial statements for the three months ended February 28, 2019 , related management discussion and analysis and applicable officer certificates (the "Interim Filings"). The Annual Filings and Interim Filings can be accessed on the Company's SEDAR profile at www.sedar.com.  The Company is now current on its continuous disclosure. On March 18, 2019 , the Company announced that it would not be in a position to file its Annual Filings by the filing deadline of April 1 , 2019. On April 2, 2019 and April 4, 2019 , at the request of the Company, the British Columbia Securities Commission ("BCSC") and the Ontario Securities Commission ("OSC"), respectively, granted the Company a Management Cease Trade Order ("MCTO").

  • Namaste Technologies Provides Fourth Bi-Weekly Default Status Report Regarding Management Cease Trade Order
    CNW Group2 months ago

    Namaste Technologies Provides Fourth Bi-Weekly Default Status Report Regarding Management Cease Trade Order

    VANCOUVER , May 28, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) is providing this fourth bi-weekly default status report in accordance with National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In its initial default announcement of April 2, 2019 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the fiscal year ended November 30, 2018 (the "2018 Annual Financial Statements"), the accompanying management's discussion and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of April 1 , 2019.  The Company subsequently provided bi-weekly default status reports on April 15, 2019 , April 30, 2019 and May 14, 2019 .

  • Namaste Technologies Provides Corporate Update with Respect to new Board of Director, New Advisory Board Member, Executive Team Addition, and Health Canada Regulations
    CNW Group2 months ago

    Namaste Technologies Provides Corporate Update with Respect to new Board of Director, New Advisory Board Member, Executive Team Addition, and Health Canada Regulations

    Namaste Technologies Provides Corporate Update with Respect to new Board of Director, New Advisory Board Member, Executive Team Addition, and Health Canada Regulations

  • Namaste Technologies Provides Third Bi-Weekly Default Status Report regarding Management Cease Trade Order
    CNW Group2 months ago

    Namaste Technologies Provides Third Bi-Weekly Default Status Report regarding Management Cease Trade Order

    TORONTO , May 14, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) is providing this third bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").

  • SmarterAnalyst3 months ago

    There Are Too Many Red Flags for Namaste Technologies

    While the cannabis sector was extremely hot in the last year, Namaste Technologies (NXTTF) stock has been one of the biggest failures.  The company focused on building an online medical cannabis business and the market has shifted away from medical questioning the need for telemedicine applications. In addition, so many corporate red flags have the stock justifiably down to $0.50 where investors should stay far away. More recent articles from Smarter Analyst: * Top Analyst Sees Amazon's (AMZN) Innovation Powering Stock Higher * The CBD Beverage Market and How this Stock Is Set to Capitalize * Why Cronos’ Entry Into U.S. CBD Market Could Be Overrated Over the Long Term * Analyst Sees Canopy Growth Stock as a Winning Horse

  • ACCESSWIRE3 months ago

    Marijuana Stocks Continue to be a Focus for Investors and These Four Pot Stocks are Taking Center Stage

    Marijuana Stocks continue to take the spotlight and a big reason for this is can be summed up in 3 words, Marijuana Stock Potential, but what does this mean? As Graham Boyd explains, "Within the next two years, a majority of the United States will have adult-use legal cannabis. Boyd is a longtime supporter of legal cannabis and now runs the influential, pot-focused New Approach PAC.