RE:RE:reason why i started position in Namaste....DSeng89 wrote: INVEST4LONG wrote: if someone stayed along with mj run in USA 2014 and 2016 .......we say a huge run up ...in whole sector ....and then there is always a sub sector to the sector ,,,,both runs gave a huge up side to specifically Vaporizer - subsector---
only difference is those times it went to BS and no legalisation happened at fed level......
but now its going to happen in canada .....best vape stock to own is Namaste.......in my opinion ....the potential namaste has outstanding ....i can not imagine ,,,,,, for me saying $1 increase in SP every month is nothing as compared what it really could go up to.........
revenues going to be as compared to acb and aph and will grow faster than their revenues.....if anyone asking will it be $20 stock in 2018 dec ....highly possible .....
and investors just started noticing this stock 10 days ago...........
by feb 28 - you will see what this stock can do ...............mj subsector - VAPE stocks always gave return in 1000%........when on hype.....
As I mentioned before, it's always better if we have smaller incremental increases where we continue to establish a higher support rather than a substantial run up to $20. Will Namaste reach that high? I seriously think there is potential that they do, but to tell everyone on this board that it will reach that number by Dec. 2018 is straight pumping the stock. There is quite a bit of news on the pipeline that will for sure have a positve impact on the share price, which includes their upgrade to the TSX, sales license and additional partnerships. Those three (3) items coupled with Namaste continuing to break monthly sales revenue could potential bring us to $10 by 2018. A $20 share price would put Namaste at a market cap of close to $5b, so they would definetely need to up the revenues in order to sustain that price. I have no doubt in 3-5 years that Namaste can reach that high, but $20 in 12 months is wishful thinking. Hype will definetely continue to carry this stock to higher highs beginning 2018, but if you'd like to avoid the volatility us longs experienced year end, let's pray for steady increases.
Great points you make DSeng.
I hope most shareholders though don't have the expectation of month over month record sales, I think that Nov and Dec drastic increases are a seasonal thing.
In the last couple months we've added new revenue channels, but for Jan, Feb and until 'sales license' I don't expect to see over 2 million a month. 1.5 - 1.75 million is a reasonable expectation and would still represent a 15-30 % increse over the regular months of the year.
Once Cannmart is running for 6 months I don't think it's overly optimistic to say that sales will double and should be in the 3.5 - 4.5 million range. Which smokes every other LP out of the water (Aside from canopy).