Let's move onI trust that the company has learned a valuable lesson on how to manage publicity about Namaste. This sector is ripe with shorting boiler rooms and management has to be careful what image they present the public. Not everyone is hip on marijuana parties run by SnoopDawg so in future they have to be more selective in what events they sanction.
As for Tilray, they simply didn't want to get involved in any negative exposure that could affect their own sp so they rushed to cut their ties. You'll notice in the PR that the agreement had a 30 day notice clause in which Tilray could end the arrangement. That tells us it was never a binding agreement and in future Tilray could have voided the contract at any time with just 30 days notice. Theoretically, they could have jumped ship simply if a competing online service were to offer a better deal to them after Namaste worked to help them establish brand awareness with the public. As Sean Dollinger states, they have enough supply to meet future demand already so nothing lost in the parties going their separate ways. One thing the industry does not lack is cannabis suppliers as everybody is trying to grow the stuff. Tilray's sp may be bigger than the other major cannabis producers but their products are far from better.
I haven't read all the posts this morning but someone asked if the Quebec government can stop Namaste from selling in the province? Investors should be aware that the sales license to sell medical marijuana Namaste is seeking comes from Health Canada and covers the whole country. They do not need a separate sales permit for each province.
Namaste's platform including NamasteMD and Cannmart apply only to the medical cannabis market under the ACMPR. Upon receipt of its sales license, Namaste will be authorized to sell medical (not recreational) cannabis to qualified patients in every province across Canada in accordance with Health Canada ACMPR regulations.