RE:Namaste is OK with moneyCash used in Q3 was $6.8M. The unrealized loss has no impact on that. At that rate, they are out of money in Q1 of 2021, which is what, 3-4 months away?.
They have declining revenues, a razor thin margin and increasing losses QoQ.
CannMart is not wokring, it's failing miserably and Q3 was just the tip of the iceberg for anyone that thinks there is a "long" strategy. Bottom line, they are running out of money and it's happening faster than anyone thought possible.
whisky11 wrote: $1.7 million is unrealized loss why don't you Canuck include in your math? Next quarter $1.7 may show as a surplus .
40% of expenses in the first 3 Q's was merchandise to be sold in Q4
If you got confuse go back two years to Namaste News and see that that was the plan .Cannmart can be thousand much bigger with the same expenses, what I mean you don't have to spend more money the revenue could be raised and sky is the limit.
Namaste is small company so any improvement /spending money on automatization or packaging shows as a big percentage of losses. The most important for me is that
Cannmart is working ,we have to wait for economy of scale.