Chris Parry Is A Tool As I am sure that by now many of you have read the last 2 Chris Parry equity “Guru” articles with took certain jabs at Namaste, claiming it isn’t worth the current evaluation it is sitting at. I thought since he has clearly decided to make it some sort of mission of his to deliberately attack Namaste, that I would specifically break down each section of both of his tabloid-like nonsense rants which he has focused on softly shi!tting on N, for some apparent reason. The first article he wrote at the end of December, and this newer one he did up just yesterday. While I agree with many points that he makes, he is just completely wrong when it comes to Namaste, just as he was with many other companies in the past…..including Canopy, which he took a sh!t on a few years ago. Look at where its at now!
2017 was crazytown, but 2018 will be all ‘hold my beer’
The weed space, right now, is ridiculous. I mean, truly ridiculous. I wake up every day and look at the markets opening and think, nope, that’s too much. A $600m valuation for a company that sells vapes online and does a few million per quarter in revenues? Come on, guys. We’re in cuckoo land.
If we take that vape company mentioned above as a guide, Namaste Technologies (N.C) does real business. It sells vapes online at a variety of well visited ecommerce sites, and they’ll always make money on those.
In fact, I wrote nice things about them a year ago, when they were doing much the same level of revenue, but were valued at what some thought was an exorbitant price of $30m.
In November 2017, just two months ago, they were valued at $43m. Now they’re valued at $600m+.
Come on now.
As many of the long-term investors are aware, the share price was being held down by many different groups in order to obtain the largest gains for when they finally allowed it to take off. My guess is that poor Chris either sold his shares and is totally bitter about it, or he just simply has some sort of hate agenda since they took him off as a paid promoter a year or so ago.
T
alk on the boards tries to explain Namaste’s big move as, “someone big is going to buy them,” which is backed by the recent move by the company to sell off an American asset for pocket change,.
If they were valued at $43m, like they were in November, then sure. Hell, I’d buy that if they were valued at $100m.
But they’re valued at the present share price at a market cap of $690m. Tell me – who’s going to acquire them for a premium at that price?
Nobody. That company is not worth what it’s worth, and I’m pegging it as the first one to crater in the new year. If you owned it in November and you haven’t taken your profits, brother, I don’t know how to help you, but if you think Namaste is worth two Supreme Pharmaceuticals (FIRE.V) or 1.5 Cannimeds (CMED.T), you’re vaping the good stuff.
First one to crater in the new year, hey Chris? Well it looks like you were completely wrong there too, as the share price has held up quite amazingly, despite the incredible gains seen in the last couple months. Even the halt from late financials hardly nudged it. In my opinion, it has consolidated and is ready for the next leg, but I really dont know. What I do know is that Namaste is generating more revenue in one month than Supreme did in their last quarter, so yes perhaps in this unrealistic space of ridiculous evaluations, N is worth double the value of FIRE. Nobody can currently place a legit number on an evaluation of any company at the moment. Within a few months however, we will have some serious figures developing which will give investors a much better impression of exactly just how successful Namastes e-commerce platform will perform in the future. We know Sean has no intentions of selling, and that he divested the US assets for legal purposes and hindering’s. That is just one of many blatantly misleading assumptions he makes throughout these piss poor write-ups he composed. I mean he never even bothered to mention anything other than the fact that they sell vapes online….as if that is ALL they do! What a douche-canoe.
Weed stocks: Time for a dad talk
This article from yesterday is even more ridiculous.
Take this guy, on a Facebook investor group I watch, in defense of Namaste (N.C), which had a $43m market cap six weeks back, and has a $750m market cap now because people think they’ll be selling bud in their online vape stores soon, and because they invested in an ACMPR applicant that hasn’t yet actually built a building, let alone got a license.
They’re expecting their sales license soon so they can sell bud on their sites.
They already sell a large selection of hardware/devices. Adding bud will make them a one-stop-shop.
Everyone makes a huge deal about them not growing but who cares about growing weed if you can’t sell it? The way I see it, smaller cap growers will begin approaching Namaste because of the increased exposure they can get through Namaste sites.
An online store with a large selection of hardware/devices, bud from *multiple growers, and an already established international presence. How is that not a good thing?
It’s not a good thing because under current law, it’s not legal.
Namaste sells vapes online at a variety of websites, and they’re REALLY good at that. But they can’t sell weed on those sites, not even if they get a weed growing license, which they won’t do for at least six months, if they get one at all. And even if they could sell weed on those sites (again, they can’t), the government doesn’t allow online marketing, which is how they get people to their sites.
This guy either has zero clue, or is just throwing random lies out there to be completely pretentious, while also getting paid to do be a delusional scumbag. If under current law it is not legal, how are the other major LP’s already doing it, Chris? Are these other multibillion dollar companies all breaking the law? They are not seeking a growers license, yet could obtain it almost immediately if they choose, with a simple process of what’s called an application. This is the most outright belligerent bullsh!t I ever read by this goof. Anyone who believes this guy needs to seriously do their own due diligence here.
But these guys online are investing in them, even at the current market cap, which is 3x the size of Invictus MD Strategies (IMH.V), which has taken a chunk out of TWO ACMPR licensees, and has money in the bank for more. Supreme Cannabis (FIRE.V)., which has 360k sq. ft greenhouse built out and grows madly and has a vault full of product and cheap a$$ power, they’re cheaper than Namaste.
Namaste’s investment in Cannmart, the aforementioned license applicant, amounts to them currently owning a stake in a pile of paperwork that’s been submitted to Health Canada, and a large hole in the ground on which a building will one day spring forth. And vape websites that earn $2m a month.
That’s $750m?
And even if that cap was justified; let’s be generous and say it is, that vapes are all going to be sold at Namaste and not 7/11 and Loblaws, and that Namaste will be selling weed on Amazon some time soon and every grower will want them to handle their sales (Sweet Jesus, that’s a long bow to draw) and so $750m in value is TOTALLY JUSTIFIED.
Once again performing his own form of pumping of Supreme in this article. The building has already been in the process of being renovated for weeks now, so whatever other lies he is attempting to spread there is clearly more BS. Vaporizers are sold in 7/11 or Loblaws stores? That’s news to me as well….more nonsense.
Let’s be clear: I’m not saying Namaste is cr@p. It’s a nice little earner, and good for them for saying words that made guys on the internet believe in fairies.
Why would we have any reason not to believe in this company when they have accomplished virtually everything that they claimed they would, while setting the bar at an extraordinarily higher level than other companies have?