Late last year, we issued an update on Namaste Technologies (N.V) (NXTTF) and consider it to be one of the most significant turnaround stories in 2020.
Following a change in management, Namaste has been working tirelessly on the execution of its multi-faceted growth strategy. Although the story has recorded several major advancements during this time, the shares have been under pressure and we find the risk-reward profile to be attractive.
Heading into 2020, Namaste is well positioned to capitalize on a number of attractive growth verticals within the Canadian (and global) cannabis industry. At current levels, we believe that it is hard to ignore the valuation and are of the opinion that the market does not associate enough value with the entire operation.
When looking at Namaste, there is a lot to be excited about and we believe that the company has an attractive operating structure and could recognize significant synergies between its divisions. Over the next year, we expect Namaste to record substantial revenue growth while executing on strategies that will improve overall operational efficiencies.
Going forward, we believe that Namaste has a visible and attractive growth profile, and this is an opportunity that we are excited about for the following reasons:
- Namaste is comprised of several subsidiaries that have attractive growth prospects
- The management team is comprised of individuals with diverse expertise and we are favorable on the recent additions to the team
- Namaste is highly levered to the Canadian cannabis market and has been executing on a strategy to penetrate international markets
- The company is focused on capitalizing on high-margin verticals within the cannabis industry and represents a differentiated opportunity
- The recent decline has been significant, and we find the valuation to be attractive based on the current business and the potential catalysts for growth
About Namaste Technologies
Namaste Technologies is the world’s leading online platform for cannabis products, accessories, and responsible education. The company is comprised of a number of wholly owned subsidiaries that could present significant upside and we are favorable on value creation that Namaste could deliver through this portfolio.
CannMart represents one of the most important aspects of the Namaste story and we believe that the market does not fully appreciate the value associated with this opportunity.
CannMart provides customers with a diverse selection of hand-picked products from leading Canadian Licensed Producers (LPs) and we will discuss this asset in detail later in the report……..
Pursuant to an agreement between StoneBridge Partners LLC and Namaste Technologies Inc. (N)(NXTTF) we have been hired for a period of 180 days beginning October 1, 2019 and ending April 1, 2020 to publicly disseminate information about (N)(NXTTF) including on the Website and other media including Facebook and Twitter. We are being paid $7,500 per month (N)(NXTTF) for or were paid “0” shares of restricted common shares. We own zero shares of (N)(NXTTF), which we purchased in the open market. We plan to sell the “ZERO” shares of (N)(NXTTF) that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (N)(NXTTF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.