Lifeist Wellness Inc V.LFST

RE:Don't Panic, Breath...Let's look at our assets

[Busyzzindahouse]

Love it love it love it........

Icediesel wrote: Firstly, in regards to the recent news release, we must not forget that Namaste is in a solid cash position with around 60-70 million dollars in the bank and has numerous assets globally. 

1. We have strategic supply agreements with a lot of the top tier licensed producers in Canada, as well as having a micro-cultivation agreement with some of the smaller players (a nice competitive niche). 

2. We have a proven business model already in place whereby we sale vaporizers and accessories in over 20 countries and have served millions of customers since inception. On Black Friday alone, they sold 1.5 million dollars worth which will be reported on this quarter. 

3. We received a sales only license from Health Canada. They don't just give these licenses to anyone and it is a grueling and long process to receive one. 

4. Cannmart website has been up and running now since legalization day and only continues to grow and roll out more SKUs each month. Revenues on this entity have yet to be released. 

5. Our 2 applications NamasteMD and Uppy. NamasteMD alone is a great story and a great asset which has over 28,000 registered patients and only continues to grow. Additionally, Meni has said in the past he wants to use the information gathered from the Uppy app and monetize it by selling the user data info to dispensaries so they can take advantage of that information on what to recommend to customers. 

6. We own 10% of Cannbit Cannabis which cultivates marijuana in Isreal and we have a supply agreement with the company to serve customers on Cannmart.  This sets up nicely when we roll out NamasteMD in the UK, Australia, and other Europe markets. 

7. We have a new interim-CEO who is well versed in what we do and is the brains behind Findify and has been steering the ship on their apps: NamasteMD and Uppy. He's a well thought out executive and is proving to do just that by slashing costs with its marketing partnership being terminated and cafe project being shut down. 

With all these assets listed and there's more, this alone will attract us a buyer if that is the course management wants to go. 

On February 4, 2019, the Company announced that following a recent expression

of interest in the Company, relating to a potential corporate transaction, the Board

launched a strategic review process to consider value-maximizing alternatives. This suggests they are already in talks with a company or investors who want to purchase the company. 

Today, they announced they "continue to evaluate all options in connection with its previously announced strategic review" which refers back to the "expression of interest" in the company is still on the table. 

Regardless where Namaste Technologies management decides to do, they are in a very good position for continued growth and they have a vast amount of assets that would attract any cannabis company looking to add to their portfolio. 

P.S. I only find it funny when there are those here who clearly have admitted they are shorters saying that this stock will go to .10 cents. It's easy to smell bullsh*t when you say things like that. Look at Aphria and where they are today, they aren't at ZERO which is what the short report said it should be at. When shorts start to spew this lunacy, it means they are gonna have to cover soon as they are panicing. This is the time to BUY folks when there is perceived panic in the air. IMO

Hope this helps the real folks here that are actually invested in Namaste. It's always good to get a refresher on the positive things that are going on rather than listen to all the noise in the background which has no merit. 

Cheers!!!