RE:Concerning Namaste's current visual share priceProbably not. In a little over one month's time the final year end 'audited' numbers will be out and it won't be good news for several reasons:
1. Their largest business unit (vaping stuff) was gutted. From 20+ sites to just 5 to save money. Investors don't like to see gross revenues decline - even when it wasn't profitable.
2. The new wiz-bang ecommerce platform for the industry might be ready but it hasn't been announced, and no one has lined up to try it. The industry is in crisis mode - conserving every ounce of cash they have. No one is looking to completely ditch their exisitng retail technologies for something untried from an unknown like Namaste. Shopify isn't going anywhere and they are your main competitor in this space.
3. Cannabis 2.0 is a bust. Everyone was hoping for a huge increase in sales and it just didn't happen. Same as Cannabis 1.0 - grossly oversold.
4. Hopefully Cannmart is making more money but it's such a small business - it may still require more time and cash (which they don't have) to scale it up into something profitable.
5. Choklat is just a little boutique choclate maker. It will probably be as successful with the cannabis crowd as it was with regular retail which means it will be a bust. it has never made money. It's just a one man show with a handful of employees.
6. No one will be lending them any money and there is zero appetite for new issues unless you go straight to the market without underwriters. Good luck with that. They can't keep burning through their cash and their aquisitions like Choklat and Pineapple Express are adding nothing to the bottom line.
7. Look for big writedowns, layoffs and new share issues in the upcoming season. Maybe even a merger with some other struggling cannabis company. Either way - your shares will pretty much be worthless.