RE:RE:RE:RE:Repurchase for cancellation up to 25,308,136 common sharesFuturefund, if they choose to, it tells me they don't believe in what they're saying and forcasting to the market. If your 5 months away from signing up 50k patients (3rd most in Canada), 18 months away from selling 80 million dollars worth of vaporizer through out a single calender year, 18 months away from signing up 200k medical patients (THE MOST IN CANADA, link below)... I'm certainly no business expert or stock market guru but to me this screams it's a desperate move, why do a 4-1 reverse split just to list on a new exchange (YES, its the nasdaq i get it). Execute first. If they complete the buy back of 25 million shares, new outstanding share count is 250 million, not so bad, no? Organically grow the price per share back to $4.00 CA and if cash on hand is getting low in 12 18 months then dam another bought deal for 25m shares at $4.00 (100m cash) isn't so bad!
New share count 275m (NOT SO BAD AT ALL) with a 100m cash on hand! F the Nasdaq.
"The Company anticipates that this Agreement will drive further patient growth in Namaste achieving its target of acquiring over 50,000 medical cannabis patients by the end of 2018 and 200,000 by the end of 2019."
https://www.newswire.ca/news-releases/namaste-signs-services-agreement-with-indigenous-canadian-medical-dispensaries-icmd-to-provide-patient-consultations-to-over-15-million-indigenous-community-members-exclusively-through-namastemd-687206401.html