Namaste - Undervalued playI must admit…I was a bit skeptical at first when I first bought into Namaste a few months ago. An online vape store with tiny margins operating at a loss did not seem too enticing to me; however, when I begun to consider their strategy and what Sean was trying to accomplish, I quickly realized how undervalued this stock was. Supply agreement after supply agreement shows the confidence these LPs have in Namaste’s platform and their potential to be a leading supplier in the entire market. You don’t need to do DD when all the big players have already done it for you. The sole reason for these supply agreements is so Namaste can ensure they remain profitable when they sell products from the LPs. The LPs are most likely giving up profit per gram to ensure their product is marketed on a larger scale, so for those who think they’d be saving more by going directly to the LP, think again. Whether you purchase the product directly from the LP or Namaste, the price per gram will be relatively the same, so why not go through Namaste when they can offer you a wider range of selection. I still can’t believe this stock is hovering between $2.90-$3 with all the potential catalysts on the way.
On a side note, would anyone be able to elaborate on the process of how to obtain your medicinal card in Germany? Do they operate the same way as Canada because I can definitely see the NamasteMD app blowing up over there…I must admit…I was a bit skeptical at first when I first bought into Namaste a few months ago. An online vape store with tiny margins operating at a loss did not seem too enticing to me; however, when I begun to consider their strategy and what Sean was trying to accomplish, I quickly realized how undervalued this stock was. Supply agreement after supply agreement shows the confidence these LPs have in Namaste’s platform and their potential to be a leading supplier in the entire market. You don’t need to do DD when all the big players have already done it for you. The sole reason for these supply agreements is so Namaste can ensure they remain profitable when they sell products from the LPs. The LPs are most likely giving up profit per gram to ensure their product is marketed on a larger scale, so for those who think they’d be saving more by going directly to the LP, think again. Whether you purchase the product directly from the LP or Namaste, the price per gram will be relatively the same, so why not go through Namaste when they can offer you a wider range of selection. I still can’t believe this stock is hovering between $2.90-$3 with all the potential catalysts on the way.
On a side note, would anyone be able to elaborate on the process of how to obtain your medicinal card in Germany? Do they operate the same way as Canada because I can definitely see the NamasteMD app blowing up over there…