NXTTF - Namaste Technologies Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.4900
-0.0155 (-3.07%)
At close: 3:55PM EDT
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Previous Close0.5055
Open0.5320
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.4800 - 0.5320
52 Week Range0.3620 - 3.0490
Volume478,138
Avg. Volume783,603
Market Cap156.76M
Beta (3Y Monthly)4.21
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
  • GlobeNewswire8 days ago

    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 Group8 days ago

    /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 Group8 days ago

    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

  • GlobeNewswire8 days ago

    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 Group9 days ago

    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
    SmarterAnalyst9 days ago

    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: * Village Farms (VFF) Has a Lot Going for It * Hexo Has Difficult Days Ahead, Analyst Says * Square (SQ) Growth Slowing, But Evercore Remains Bullish on the Stock * This Analyst Sticks with His Buy Rating on Aphria (APHA) Stock, But Trims Price Target

  • Is the Worst Over for Namaste Technologies (NXTTF) Stock?
    SmarterAnalyst12 days 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: * Village Farms (VFF) Has a Lot Going for It * Hexo Has Difficult Days Ahead, Analyst Says * Square (SQ) Growth Slowing, But Evercore Remains Bullish on the Stock * This Analyst Sticks with His Buy Rating on Aphria (APHA) Stock, But Trims Price Target

  • Namaste Files Audited 2018 Annual Financial Statements, First Quarter 2019 Interim Financial Statements and Provides an Update on Management Cease Trade Order
    CNW Group15 days 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 Group18 days 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 Group22 days 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 Grouplast month

    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").

  • SmarterAnalystlast month

    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

  • ACCESSWIRElast month

    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.

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

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

    TORONTO , April 30, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) is providing this second bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").

  • Namaste Technologies Provides Corporate Update with Respect to Board of Directors, AGM, Corporate Strategy and Operations
    CNW Group2 months ago

    Namaste Technologies Provides Corporate Update with Respect to Board of Directors, AGM, Corporate Strategy and Operations

    VANCOUVER , April 25, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) is pleased to provide the following corporate update with respect to an appointment to its Board of Directors, Corporate Strategy, and operational updates and web property improvements. Additionally, the Company is providing an update to its Annual General Shareholder Meeting ("AGM") plans. The Company is pleased to announce that Kenneth Jones has been appointed to the board of directors and chair of the Audit Committee today.

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

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

    TORONTO , April 15, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) is providing this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). As previously announced, the Company applied for and was granted management cease trade orders in respect of the delayed Annual Filings (the "MCTO") by the British Columbia Securities Commission and the Ontario Securities Commission which prohibit the chief financial officer and the interim chief executive officer from trading in the Company's securities for so long as there are filings that are outstanding under applicable securities laws.    The MCTO does not affect the ability of the general investing public to trade in the Company's listed common shares.

  • Namaste Technologies Granted Management Cease Trade Order
    CNW Group2 months ago

    Namaste Technologies Granted Management Cease Trade Order

    TORONTO , April 2, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) announces that its principal regulator, the British Columbia Securities Commission, has accepted the Company's application for, and has granted, a management cease trade order (the "MCTO"). As previously announced on March 18, 2019 , the application for the MCTO was made by the Company due to a delay in the filing of its audited annual financial statements for the fiscal year ended November 30, 2018 , the accompanying management's discussions and analysis and the related CEO and CFO certifications (collectively, the "Annual Filings") by the filing deadline of April 1, 2019 .

  • ACCESSWIRE3 months ago

    Four Marijuana Stocks Looking To Kick Off A Strong Week On Monday

    CORAL GABLES, FL / ACCESSWIRE / March 25, 2019 / The marijuana stock market has endured a whirlwind of volatility over the course of the last few years but in the first few months of 2019, companies in the cannabis sector have managed to stay strong through bearish periods of trading. It seems as though a significant portion of the changes taking place in the marijuana industry is directly connected to the recent push from the public who are insisting that lawmakers pass positive cannabis legislation. Whereas in the past cannabis was largely condemned, nowadays, consumers are well-versed in the potential health benefits of cannabis products, and the general feeling towards the cannabis sector is shifting in a positive direction.

  • ACCESSWIRE3 months ago

    Ancillary Cannabis Plays to Watch- THC Therapeutics, Inc. (THCT)

    HENDERSON, NV / ACCESSWIRE / March 25, 2019 / While we all know about cannabis producers and CBD developers, ancillary cannabis plays are sometimes overlooked. That's too bad, because ancillary plays have ...

  • ACCESSWIRE3 months ago

    Watch These Four Marijuana Stocks Set The Pace On Friday

    State legislators and lawmakers have seen the opportunities presented by supporting cannabis economies in their home states, and have advocated for legislation in favor of marijuana legalization. The past year has seen a major boom in terms of individuals who support the regulated cannabis industry, resulting in an exponential increase in persons looking to invest in the sector. Next Green Wave Holdings Inc (NXGWF) (NGW), MedMen Enterprises Inc (MMNFF), Namaste Technologies Inc (NXTTF), and HEXO Corp (NYSE American: HEXO) are 4 pot stocks worth keeping on your radar as we close out this week.

  • Namaste Technologies Announces Appointment of New Auditor and Filing of Application for Management Cease Trade Order
    PR Newswire3 months ago

    Namaste Technologies Announces Appointment of New Auditor and Filing of Application for Management Cease Trade Order

    TORONTO, March 18, 2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) wishes to announce the appointment of Baker Tilly WM LLP ("Baker Tilly") as its auditor.  This follows Namaste's prior announcement on March 5, 2019 announcing the resignation of PricewaterhouseCoopers, LLP as its former auditor.   The Company's audit committee and board have approved the appointment of Baker Tilly effective March 15, 2019. Baker Tilly is a full-service accounting, tax and advisory firm with offices in Vancouver and Toronto. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals.

  • Namaste Completes Share Acquisition of Pineapple Express Delivery
    CNW Group3 months ago

    Namaste Completes Share Acquisition of Pineapple Express Delivery

    TORONTO , March 13, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it has completed the previously announced acquisition of 49% of the common shares of Toronto -based Pineapple Express Delivery Inc. ("Pineapple Express"). In June 2018 , the Company announced that it had entered into a subscription agreement to acquire 15% of the common shares of Pineapple for $1,000,000 which comprised of $850,000 in cash and $150,000 in Namaste common shares (the "Subscription Agreement").