RE:Namaste - Why Im Holding Long TermDSeng89 wrote: Just need to wait this out for a few more months...
I held 5000 shares of Canopy back when it was $3.95 but sold early and had instant regret. I decided to change my mindset on my next weedstock, so when I bought ACB at $2.25 at the beginning of last summer, I told myself I wouldn't sell and held until $14+. Despite the pull backs ACB had from $8 to $ and $5 - $3, I held and ended up making a ton of money.
Even with Bombardier, I had to hold onto that stock for 3+ years before I finally broke even and turned profit.
If we give Namaste another year or so, they will definetely reward us with gains. Their business plan is sound and they are operating in a global emerging growth industry. We are literally 27 business days away from MJ being legalized and probably another few weeks out from obtaining our sales license. Once we finally get that license, I'm sure they have a roll out plan to market their app to the masses and we'll begin to see larger patient growth going forward. My honest opinion is they won't reach anywhere near the 50,000 patients Sean has mentioned in a previous video; however, I do think 10-15,000 is achievable. Whether or not that has a negative impact on the stock, will be up to the market, but as long as they can continue showing patient growth and increased revenue numbers, fundamentals will eventually catch up to the SP.
Great perspective DSeng