High Level AnalysisLet's bring some professionalism to the posting here. Avoid speculation / feelings and look at Namaste from an strengths and weaknesses angle:
Strengths: - CEO that is passionate about the company's success and puts his money where his mouth is thru company ownership.
- Lower risk approach to the cannabis market via retailing partner's products instead of growing/producing their own
- Velocity of deals / news is on par with (if not exceeding) competitors in the space
- First Sales Only License of its kind
- Technologically superior to many competitors (AI / predictive analytics for ordering)
- One of the most reasonably priced competitors in a booming industry (sub $1billion market cap)
- Substantial initial client base compared to many competitors
- Improvement in auditors from MNP to one of the most reputable (if not the most reputable) auditors in the world
- Loyal non-institutional following as seen in the namaste pledge
- Large cash position / liquidity relative to the size of the company
Weaknesses: - In a booming industry that is reaching valuations that are optimistic (potential for bubbles)
- Has lost some credibility due to the perception of some activities at the Namaste party (citron)
- The cannabis industry makes it difficult to perform competitor analysis / valuations as it moves extremely quickly and has a short history
- Currently does not have a P/E ratio - risk of negative earnings
- Loyal non-institutional following may make larger institutions wary due to a lack of control
- CEO and founders are less experienced with corporate governance than some competitors
- Currently not qualified to list on the NASDAQ, while other competitors are
- Saturated industry - Due to the hype surrounding cannabis
Overall: A nimble company in a hot market with loyal supporters and many initiatives to showcase the desire for growth. Avoid if you think the cannabis market is a bubble.