RE:Perspective from the cheap seatskjamax1 wrote: Of funds dedicated to the market, a very high portion is committed to Namaste. I am long the stock and with each passing announcement become increasingly comfortable with my investment in what will continue to be a volatile sector.
Namaste has great downside protection with each announcment which has allowed it to consolidate while the sector searches for a bottom. The run up in these stocks was massive so giving a little back is only to be expected. Green days are better than red, I get it, but play the long game here.
Step back and look at what is happening globally with MJ, and recognize that the US will be the largest market in time, and is likely three years from now before they go full swing. This sector is just getting going, and Namaste has already positioned itself to reap huge rewards.
Once they have the license completed with Cannmart, how can they not be compared a peer to some of the other LP's. With current revenue alone they stack up much better than most. They don't have crop risk, or anywhere near the cost of operation, and with the NamasteMD will attract massive client base.
Sean said in one of the early videos that it was all about the traffic, people visiting their website, and for those that have not thought hard about what that means going forward, you are missing the biggest piece of the puzzle.
Don't worry about what the share price will do tomorrow or this week, know that the value of this company will grow dramatically once the license and NamasteMD are let loose.
We are in the Early innings of a sector that will be explosive as lots of announcments to come from major companies looking to come into the space. Why have so many companies that grew produce shifted from years making modest money to grow MJ for this sector. It's all about the money and Constellation started the last big run......Many more to come.
Very well said!