Namaste – Structure & Current State – 03/18

Back in the good ‘ol days of December, the elves did some legwork for me on Namaste. Given that their AGM is today, I thought it timely to have another gander at what I saw then as a drop shipping headshop, and take a more in-depth look at the financials. This outfit is pretty indicative of the valuations that the cannabis space offers. A $400MM market cap on a company that has booked $16MM of losses on some $22MM of sales over the past 2 years. Say that out loud slowly. N has referred to losses over the past three Q’s as being driven…

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