Namaste Technologies Inc. (CSE:N)(OTCQB:NXTTF)

A Canadian exploration stage company, Namaste Technologies Inc. is one of the mining outfits that have expanded to the marijuana industry. While the company retains its mineral exploration pursuits, it has become a diversified public company whose focus includes investing in the medical marijuana and industrial hemp sectors.

Namaste Technologies Inc. is known for its GreenRush Financial Conferences, hosted by its wholly owned subsidiary of the same name (GRFC). The GreenRush conferences put together speakers, exhibitors, and attendees to tackle business opportunities in medical marijuana, hemp, and alternative medicine. So far, there have been two of these events in Vancouver and Toronto, and the company intends to host more, including in the US.

Aside from the conference division, Next Gen Metals has two other wholly owned subsidiaries in the cannabis industry. The GreenRush Analytical Laboratories aims to be a leading cannabis testing firm in North America, and the GreenRush Business Brokerage offers business advisory, brokerage, and intermediary services.

Meanwhile, Namaste’s mining division primarily explores gold, silver, and base metals in North America. The company holds interest in an Alaska project called the Silver Chalice, which covers an area of 4,960 acres for epithermal gold/silver. Also with this division, Namaste Technologies Inc. is a member of the International Metals Group of Companies.

Namaste Technologies Inc. was founded and incorporated in 2005, and was known as CB Resources Ltd until 2009. It is now traded in the US OTC markets as NXTTF and in the Canadian Securities Exchange as N. The company’s market cap is pegged at USD 1.05 M. Its management team includes Harry Gordon Barr, Chairman, CEO, and President; Robert Guanzon, CFO; John Oness, COO; Dr. William Edward Stone, Executive VP of Exploration; and Tina Whyte, Corporate Secretary.


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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”).

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

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

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?

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