RE:RE:RE:RE:I wish Namaste will be low-margin business for sometime I agree with most of what you are saying other than that they are faring well against the competition. Every other publicly traded retailer in Canada (correct me if i'm wrong) has significantly higher revenues and most are 30% with their margins.
HITI had ok financials but watch for FAF Q4, that will tell the story of what a real company is doing.
Oban1kenobi wrote: Whiskey please stop with the insults when addressing people, you might garner more respect from the entire community/board. This is not how you create and sustain healthy dialogue, anyone who comes to this specific board will see Namaste supporters being attacked because they have a difference of opinion with, to be quite frank "you" ? does this really make sense to you ?
have you read any of my previous posts on my stance regarding Namaste ? if not please go back and read them.... if you have go back and re read them.
maybe then you will understand that I have not agreed with Random Nor Stock1829 nor Steve, BUT none of them have insulted me and I have not insulted them.....In fact we have politely agreed to disagree!
have mature and logical discussions it will get you farther, i am sure more people will listen more as well.
Amazon and most ecommerce companies do not sell unprocessed products go have a look
examples of unprocessed products are the following (and these are just simple examples btw)
Bananas, apples, lumber, a barrel of oil..... WHY because there is little profits to be made on these base level product
What these companies DO sell is the processed/manufactured items....why because there is money to be made in processed items. (Higher profit margins for everyone along the line)
Look at the shift in your grocery stores over the years, fresh produce is limited and packaged goods take up more than 90% of the stores ask yourself why.
Dried cannabis is like fresh produce, packaged goods are like processed cannabis products (higher profit margins any way you cut it)
I HAVE ALWAYS STATED THIS ABOUT NAMASTE.
the business will take off when they do the following
a) expand their base
b) start selling processed goods (and not JUST dried cannabis)
c) start processing goods themselves and expand their product availabilties
d) open their market to a larger group of people (ie not just medical)
do you see now ??
I still stand by what I say low profits in dried cannabis, real money in processed/transformed cannabis.
Why do you think most all companies are bleeding in the cannabis sector? the real boom across the board is yet to come
for the record, I know, based on numbers and percentages that NAMASTE is fairing very well compared to the others proportionally speaking.
also for the record whiskey, I will no longer respond to your posts, too time consuming for nothing
GLTA