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Namaste Technologies Stock (CVE:N)(OTCMKTS:NXTTF) Is A Comeback Play And Here’s Why

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Namaste Technologies stock

It is a New Year and now is a great time to pick up pot stocks that can put good money in your pocket. There is no doubt 2019 was a disappointing year for cannabis investors, with many cannabis stocks crashing to multiyear lows. But there are cannabis stocks that look primed for a powerful comeback in the New Year and Namaste Technologies Stock (CVE:N)(OTCMKTS:NXTTF) stands out as one of them.

About Namaste Technologies stock

The cannabis stock universe is vast and so there is a good chance some investors may be learning about Namaste Technologies stock for the very first time. Therefore, a brief introduction to this company will be in order.

Namaste Technologies is engaged in the supply and distribution of cannabis products and related accessories. It runs the world’s largest cannabis e-commerce network that consists of more than 30 websites across more than 20 countries, including the United States, Mexico, Brazil, Australia, and the United Kingdom in addition to Canada. Namaste operates through subsidiaries and its product offering includes vape pens and CBD products. The company serves both medical and recreational cannabis markets.

Namaste Technologies stock starts 2020 on a high note

Namaste started the new year on a positive note, with the stock gaining 35% on January 2, the first trading day of 2020. Before that, the stock had a positive close to 2019, gaining 5.0% on December 31. The gains indicate improving investor sentiment on the stock in the new year. But there is more to come as investors learn more about Namaste.

In November, Namaste tapped investment advisory and financial consulting firm Stonebridge Partners to work on its investor awareness campaign. Namaste handed Stonebridge a six-month contract to enhance its investor relations efforts.

The hiring of Stonebridge for the investor awareness campaign comes as Namaste has been expanding and diversifying its business to both boost sales and create more shareholder value. Now Namaste is investing in making prospective investors aware of the investment opportunity in it. Increased investor awareness should increase demand for the stock and contribute to the bounce back.

Major recent developments at Namaste Technologies

There have been a number of notable developments at Namaste in recent months that could benefit Namaste Technologies stock. Here is a highlight of some of those key developments:

Namaste expands its product offering with distribution agreements with Phyto and Trec

Namaste’s home country Canada last month expanded its cannabis market with the legalization of a range of new cannabis products for adult-use. These include cannabis edibles, drinks, and smoking devices or vape pens. With the newly legalized cannabis products, Canada’s adult-use cannabis market is on course to double in size this year to C$2.4 billion.  

In December, Namaste added a range of products from leading cannabis brand Phyto to its offering. Namaste said it would carry Phyto on its CannMart online marketplace. Phyto is an established cannabis brand, so Namaste counts on its strong product recognition to fuel its sales in the expanded Canadian adult-use marijuana market.

Before the Phyto deal, Namaste partnered with Trec Brands to distribute its premium cannabis products in Ontario and Saskatchewan provinces. Namaste will sell Trec products under the WINK cannabis brand and it said the arrangement will boost its sales. The Namaste-Trec partnership also targets the expanded adult-use cannabis market in Canada.

Namaste secures cannabis supply contracts with Ontario and Saskatchewan provincial governments

Namaste not only does business with private entities but government agencies as well. In November, the company secured wholesale cannabis supply contracts from Ontario and Saskatchewan provincial government agencies, adding to its existing business with the British Columbia provincial government.

“Working directly with the provincial governments represents a significant market opportunity for us,” commented Meni Morim, CEO of Namaste.

Namaste invests in chocolate maker Choklat

The expanded adult-use cannabis market in Canada has opened the door for makers of edibles and beverages to enter the scene with cannabis-infused versions of their products. To maximize its opportunity in Canada’s expanded adult-use cannabis market, Namaste recently invested in chocolate maker Choklat, which is considering making cannabis-infused chocolates.

Namaste already owns 49% of equity interest in Choklat and is now on course to tighten its grip on the business following the October financing transaction.

Bottom line

Namaste Technologies stock expanded product offerings, contracts with government agencies, and investment in businesses like Choklat that want to tap into Canada’s recreational cannabis market, position it well to capitalize on the cannabis boom. The stock currently trades at $0.30 currently but has potential to return more than 1,200% on its way back to its all-time high of about $4.0 a share.

We will be updating our subscribers as soon as we know more. For the latest updates on Namaste, sign up below!

Disclosure: We have no position in Namaste Technologies stock and have not been compensated for this article.

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Is Neptune Wellness Solutions Inc (TSE:NEPT)(NASDAQ:NEPT) A Good Bet Right Now?

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Neptune Wellness Solutions

There is no doubt 2019 was a tough year for the hemp/cannabis businesses. However, there are a few hemp/cannabis stocks that still managed to make their investors proud. Neptune Wellness Solutions Inc (TSE:NEPT)(NASDAQ:NEPT) is one of those stocks. Investors who put their bet on Neptune at a time like this saw their investment increase 130% by July of last year.

Neptune Wellness Solutions is already off to a strong start in 2020. The stock has gained more than 15% in the past week alone. Looking at how Neptune has positioned itself in the hemp/cannabis market, you cannot dispute 2020 is shaping up to be a great year for the stock. Then you notice that Neptune insiders are deeply invested in the stock. Insiders own more than 17% of all shares in the company. The company’s market cap of $280 million shows that insiders alone have sunk $48 million in the stock.

You are about to find out more reasons why Neptune Wellness Solutions looks to be a good pick right now. But first, here’s what you should know about the company we’re discussing.

About Neptune Wellness Solutions

Neptune Wellness Solutions has been around since 1998 and is headquartered in Laval, Canada. It is engaged in the extraction, formulation, and packaging of value-added cannabis products for both Canadian and global markets.

This is shaping up to be Neptune’s year for a number of…

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Is Tetra Bio-Pharma (CVE:TBP) (OTCMKTS:TBPMF) A Smart Pick?

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Tetra Bio-Pharma

Investors will remember that 2019 wasn’t a great year for cannabis stocks, especially Canadian stocks. Issues from uncertainty over Canada’s national elections to shortage of cannabis retail stores in Ontario greatly weighed on Canadian cannabis stocks last year. These problems are largely out of the way and investors can now spot cannabis stocks with a promising outlook in 2020. Tetra Bio-Pharma (CVE:TBP) (OTCMKTS:TBPMF) is one play poised for a big breakout in 2020 as its drug products go on sale.

Tetra Bio-Pharma is one of the most promising cannabis stocks in 2020 and investors have really warmed up to the stock. At $0.50, Tetra stock has already gained more than 60% year-to-date. But that is just the beginning and we feel there is a great story to tell here. First, however, it is important for investors to understand the company we’re discussing.

About Tetra Bio-Pharma

For investors who may have just come across Tetra Bio-Pharma for the very first time, this is a Canadian cannabis company. It is focused on developing cannabis-based drugs for a variety of conditions, including cancer.

Tetra Bio-Pharma about to begin commercializing its drug products

As a drug company, Tetra Bio-Pharma is insulated from many challenges that face conventional cannabis companies. For example, companies that make adult-use cannabis products must cope with cutthroat competition in the market. Moreover, Canadian cannabis companies have Continue Reading

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Why Investors Are Warming Up To Fire & Flower Holdings Corp (TSE:FAF) (OTCMKTS:FFLWF)

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Fire & Flower Holdings

The disastrous 2019 taught investors the importance of carefully screening cannabis stocks for great picks that can withstand industrywide shocks. That explains why investors are warming up to Fire & Flower Holdings Corp (TSE:FAF) (OTCMKTS:FFLWF) in 2020.

Fire & Flower Holdings has positioned itself to take full advantage of the recently expanded cannabis market under Cannabis 2.0. Investors are realizing that FFLWF is one pick that can make a huge difference in their cannabis portfolio. Fire & Flower Holdings has already gained more than 25% year-to-date, a testament to the strong investor interest in the stock in 2020.

About Fire & Flower Holdings

Fire & Flower Holdings is a Canadian cannabis company. It operates as a cannabis product retail chain. It operates a network of dozens of cannabis retail outlets in Canada. FFLWF currently has licenses to operate cannabis retail stores in Alberta and Saskatchewan provinces. In addition, it runs a cannabis distributor business in Saskatchewan.

Investors will no doubt remember that 2019 was a tough year for the cannabis sector, with a widespread collapse of many cannabis stocks big and small. That shows why in 2020 investors are looking for cannabis stocks that can deliver excellent returns and make them forget the pain of the past year. FFLWF has emerged as one of the favorite cannabis stock picks for investors early on in 2020. There are several reasons behind that and here are…

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