RE:Tilray and NAlim33 wrote: 1) On Sept 7, 8:30 a.m. N announces a deal with Tilray. N SP was $3.05 before market open.
2) On Sept 7, end of day, N price closes at $2.76, down 9.51%
So, who needs Tilray? They had absolutely no upward effect on the SP. I realized that it was down day for MJ that day but still?
The reason the Tilray announcement never affected the sp was because the market understood it was just a supplier/seller arrangement. One that could benefit both parties but it's not as if it was a JV where Tilray would be pumping in cash or offering to make Namaste the exclusive distributor of its products so why the panic that they backed out of the deal? I believe Namaste already has an agreement in place with ACB and if they require more brand variety I'm sure they can work out something with one of the other major cannabis suppliers.
The Tilray deal was fluff to begin with and the market knew it. Once the online store officially opens for business if successful you'll have growers begging to be included in Namaste's product line.
A word of advice for the CEO. Stop looking like some college kid and can the parties. You're trying to legitimize a cannabis company. Put on a suit and tie and start appealing to the bankers, not to SnoopyDawg. This is a young company in an evolving sector. It doesn't need any bad publicity to concern investors.