NXTTF - Namaste Technologies Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.3842
-0.0144 (-3.60%)
As of 3:20PM EDT. Market open.
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Previous Close0.3986
Open0.4014
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.3810 - 0.4020
52 Week Range0.2800 - 3.0490
Volume182,419
Avg. Volume345,882
Market Cap123.635M
Beta (3Y Monthly)3.26
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
  • Namaste's CannMart Secures Order from Province of British Columbia
    CNW Group

    Namaste's CannMart Secures Order from Province of British Columbia

    TORONTO , Sept. 16, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that CannMart has received a purchase order for pre-rolled cannabis products from the BC Liquor Distribution Branch (LDB) to cater to the Province of British Columbia . "This is a major milestone for Namaste as it is the first order that we have received from a government agency," said Meni Morim , CEO of Namaste Technologies Inc. "Our unique positioning with Cannmart which enables us to offer a selection of products from multiple licensed producers, some of which may only have a cultivation license, allows provincial distributors the opportunity to purchase a diversified inventory all in one place.

  • Namaste Technologies Introduces Cultivated Beauty Skin Care Products Through CannMart
    PR Newswire

    Namaste Technologies Introduces Cultivated Beauty Skin Care Products Through CannMart

    TORONTO, Sept. 12, 2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it has signed a distribution and marketing agreement with Cultivated Beauty, a subsidiary of leading skin care retailer Swisspharme Inc and Elizabeth Grant International, to offer a line of its specially formulated hemp-based skin care products through CannMart's online marketplace.

  • Benzinga

    The Week In Cannabis: Moves From The DEA, FDA, USDA; New York Fashion Week; And Quarterly Reports

    A series of earnings reports from big companies including Slang Worldwide Inc (OTC: SLGWF) and TILT Holdings Inc (OTC: SVVTF) provided evidence that “the slow rollout of Massachusetts' recreational licenses has finally hit the earnings of cannabis companies who were slow to recognize the effects,” Green Market Report CEO Debra Borchardt told Benzinga. In other news, we found out that a weed-themed show is hitting the runway at the New York Fashion Week, the product of a collaboration between bold fashion designer Korto Momolu —featured on the show "Project Runway" —and Women Grow, the largest networking organization for women in the cannabis and hemp industries. "To sum it up in one phrase: it's 'for women, by women,'" Momolu told Benzinga.

  • Namaste Technologies Announces Permanent CEO and Appointment to Board of Directors
    PR Newswire

    Namaste Technologies Announces Permanent CEO and Appointment to Board of Directors

    TORONTO, Aug. 26, 2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that its board of directors has named Meni Morim as chief executive officer and appointed him to the Company's board of directors. Meni has served as the Company's interim CEO since February 4, 2019 and the Company's Chief Product Officer since May of 2018.

  • Namaste Technologies Adds Seedo's Products to CannMart & EU Web Properties
    CNW Group

    Namaste Technologies Adds Seedo's Products to CannMart & EU Web Properties

    TORONTO , Aug. 15, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it has signed a distribution and marketing agreement with Seedo Corp (SEDO) subsidiary Eroll Grow Tech Ltd ("Eroll Grow Tech") to market their Seedo home grow ("Seedo") product through the Company's online marketplace. The Seedo products are fully automated home grow devices, providing Namaste's global customer base with the opportunity to enjoy the benefits of growing plants in their own home.

  • Namaste Technologies Announces Changes to Board of Directors
    CNW Group

    Namaste Technologies Announces Changes to Board of Directors

    TORONTO , Aug. 13, 2019 /CNW/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that Kenneth Ngo , the Company's Chief Financial Officer, has stepped down from the Board of Directors effective immediately. "I wish to thank Kenneth for stepping onto the Board of Directors in December 2018 as we reshaped the Company.  With the addition of Ken Jones and Andy Wilczynski , who can provide financial expertise to the board, Kenneth has decided to step down as a board member" said Meni Morim , Interim CEO of Namaste Technologies.

  • PR Newswire

    Namaste Technologies Provides Update on Strategic Investments

    TORONTO, July 26, 2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today provided an update on in its investment portfolio including Choklat Inc. ("Choklat") and Pineapple Express Delivery Inc. ("Pineapple Express"). Choklat, in which Namaste acquired a 49% interest in March of 2019, has now completed and submitted its evidence package to Health Canada.

  • Namaste Technologies Announces Settlement Agreement in Class Action Lawsuit
    PR Newswire

    Namaste Technologies Announces Settlement Agreement in Class Action Lawsuit

    TORONTO, July 25, 2019 /PRNewswire/ - Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV:N.V) (M5BQ.F) (NXTTF) today announced that it has reached settlements, in principle, of the securities class actions that were commenced against it in Canada and the US in 2018. Namaste's contribution to the settlement amounts, which are principally being funded by Namaste's insurance, will be less than $500,000 US.

  • Should You Pull the Trigger on Namaste (NXTTF) Stock? Probably Not
    TipRanks

    Should You Pull the Trigger on Namaste (NXTTF) Stock? Probably Not

    At one point, Namaste Technologies (NXTTF) offered the promises of an online cannabis platform to serve the massive industry. Due to internal management issues and a market that hasn’t shifted online or away from illegal sources, the stock doesn’t offer investors any reason to play here. Weak FQ2 For FQ2 ended May 31, Namaste Tech actually managed to report a revenue decline from last year. The company only generated C$4.0 million in revenues, down from C$4.1 million last FQ2. Revenues peaked back in the February 2018 quarter at C$5.6 million despite a cannabis market that has grown substantially in the last year The company has reportedly updated the online platform and added equity positions in a delivery service along with a company focused on edibles. Neither move is enough of a catalyst to become interested in a money losing operation with an interim CEO. The main revenue drivers are Namaste Vapes and Australian Vaporizers that are in decline due to business shifts. The highly promoted CannMart and Namaste MD platforms combined to only generate quarterly revenues of C$0.23 million. For the quarter, gross margins remained flat at only 21% and the losses continued to mount. Namaste Tech reported a substantial C$8.6 million loss, or more than double the revenue total. Adjusted EBITDA was equally weak at a C$6.1 million loss and nearly doubled the loss from last year as the company spent far more cash on SG&A. Namaste Tech spent C$9.8 million on those expenses in the quarter and over C$8.7 million when excluding share-based compensation that doesn’t have a cash cost. The path to profitability seems highly questionable with far-flung operations around the globe in countries like Australia, U.K., Canada, Germany and others besides the U.S. Lack Of Leadership For a company in the position of Namaste Tech, a strong management team is needed to complete a turnaround. The company currently has an interim CEO after a nasty split earlier this year with the CEO. A new CEO might need to restructure their global operations in order for the small company to focus on the domestic online CannMart platform. The stock would likely struggle in such a scenario until the business returns to growth. The one positive is that Namaste Tech has a cash balance of C$55.9 million and a market cap of only $133 million with 322 million shares outstanding. The company burned $C22 million in the last six months of operating so the impressive cash balance will disappear quickly without a substantial cut in operating losses. Takeaway The key investor takeaway is that Namaste Tech still has more questions about the future of the company than solutions. The business promoted the most by the company is almost nonexistent and the wide global operations aren’t justified by the very weak revenue totals and high expenses. Investors should look elsewhere to find cannabis stocks with strong revenue growth and reasonable paths to profitability. Once the company hires a full-time CEO that completes a restructuring, the stock might be worth another look. Until then, investors should watch from the sidelines. See NXTTF's price targets and analyst ratings on TipRanks Disclosure: No position.

  • CNW Group

    /R E P E A T -- Pure Global Announces New Distribution Agreement Expanding Access to CannMart's Extensive Client Base/

    /R E P E A T -- Pure Global Announces New Distribution Agreement Expanding Access to CannMart's Extensive Client Base/

  • CannMart Provides Update on New Products and Licensed Producers
    CNW Group

    CannMart Provides Update on New Products and Licensed Producers

    TORONTO , July 19, 2019 /CNW/ - 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 Group

    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 Group

    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 Group

    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 Group

    Namaste Technologies Announces Results from 2019 Annual Shareholder Meeting

    Namaste Technologies Announces Results from 2019 Annual Shareholder Meeting

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

    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.