Namaste - Trading Side ways before the Next BreakoutWe’re going to see a couple more weeks of sideways trading until this stock really takes off. The recent press releases were nice, but none of them game changing in terms of improving top-line revenue or bottom-line profit. If you understand their business strategy, we expect Namaste to be signing these Supply Agreements left and right because that is what their business model is based on. I’d be more worried if Namaste wasn’t announcing a supply agreement every single week. So, the partnerships they are building is great, but I see the second wave of investors waiting on the sidelines until one of the following occurs:
1. Record breaking January sales figures. Sean announced on his last 420 video that their conversion rate for Namaste Ireland has been outstanding. Also, I’ve seen in a recent post that our site traffic has continued to increase over the last month.
2. Up list to TSX Venture – Hoping this will be around the same time they obtain their sales license
3. Sales License and Initial Revenue Figures
4. Crpyto and blockchain Partnership? Sean mentioned this in his recent weekly video, so I’m interested in seeing how this plays out. I’ve seen quite a few stocks spike to ridiculous levels because they somehow associated themselves with the blockchain space.
I’m curious to know how NamasteMD can be used on a Global scale especially in Europe or Australia as these countries are still in their infant stages of the medicinal market.