Jemand hat sich die Mühe gemacht das Interview zu verschriftlichen:
Record breaking monthly sales in June with 1.34 Million dollars, followed by a year to year sales increase of 300% in July, at 1.19 Million dollars. These dramatic increases represent major accellerations in growth and to me foreshadow exactly how quickly Namaste is going to expand world-fricken-wide.
This is the 9th interview in the last year with Sean, the CEO of Namaste Technologies. That is a clear sign of how astoundingly compelling the story is here, and as pointed out by the interviewer George, most CEO's don't exactly have a lot to say. Definately not the case here. Since introducing the artificial intelligence tech to the domains, Everyonedoesit, which was the first companies transferred to the new platform seen conversion rates jump from 0.5% when they initially purchased the site to a current conversion rates of 2.5%. 500% conversion rate increase right there fellas. They also applied the platform to their newly acquired Australian Vaporizers, which had a conversion rate of 4% over the last 5 years, and now after just after a few months it has already increased 50% to 6%. All based off their own designed platform which uses artificial intelligence to track the users habits and actions online . This is fairly similar to Amazon's reccomended items you see on the bottom of the page when you continually purchase from their site.
Apparently LP's are attempting to develop this technolgy that Namaste has already accomplished in creating, and Sean basically boldly claims that they have no clue what they're doing. In many cases I believe he is absolutely correct, as we have seen plenty of mismanagement within a lot of up and coming LP's in the last year alone. However this isn't just an e-commerce platform that could specifically be utilized for vaporizers...this could be used for ANYTHING sold online. Think about that for a minute. They have been working on this platform over the past 6 months now and it will have more of a marketplace feel to it, as Sean puts it. To me this sounds more like E-Bay, where multiple manufacturers could easily add their own products to have a combined total of thousands of SKU's not only for vaporizers, but for anything related to the sector. Cha-ching!
The Namaste division alone, which represents about 6 million dollars in revenue is currently converting at 2-3%, could be see those numbers double or even triple with the new platform that is about to be introduced in a few weeks by September 15th on all sites. Dollinger doesnt see this slowing down at all any time soon either, especially since the vaping industry is projected to boom immensely over the next several years. He goes on to talk about their new unnamed product the Grizzly Guru 2 coming out soon this Christmas season that can be used for dry herb and waxes. Sounds legit. I might cough up some money for a gift for myself.
Sean speaks of how they were invited by Shopify to present their multi-based platform, the concept that was previously claimed by Shopify to be impossible to create, however Namaste has defied those odds with a system that uses over 30 websites through one portal. For those who aren't familiar with Shopify, it is one of the largest technology companies in the world, also currently trading at $119.12 CAD at the moment. They phoned Shopify up with a few questions about their system and in disbelief that such technology existed, they were invited to show them in person the tech they developed. To me, that is incredibly impressive. It is a reminder to us all that Namaste is more focused on the technology programming and data collection than anything and could branch off into so many different areas of the market. If we somehow seen a joint partnership with Shopify, we could see a huge jump in share price....and I believe this is very possible. He almost hints towards it if you watch closely. * FINGERS CROSSED*
They begin discussing Namaste being grouped together at #6 within the top 6 companies producing the highest sales in the Marijuana sector for the last quarter. This is so exciting to see, and if you havent already seen the chart, I've edited it to add the current stock price of each company and added it below. Sean boasts that he believes we could get to the top 3 or 4 within the next 6 months or so, and I don't doubt that one bit. I should have added each market cap as well to the chart, but ours is around $40,000,000 while others like Canopy are at half a billion dollars+.
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Just as many had suspected all along the plan with the CannMart license was to sell for other major producers through their domain online. This is absolutely perfectly positioned because that is exactly how the marijuana business will be conducted when legalized, as it already done that way! Think about having all Canadian producer's strains on one website, giving customers hundreds of types of dry herb and potentailly oils and concentrates too perhaps one day. This is what the team has been working on guys! A one stop shop, similar to Tweed Mainstreet, but a much more vast selection of anything related to Cannabis, with potentially thousands of SKU's. Sean and his team are so far advanced with their technology that they could easily be approached with many partnership deals in the future, as competition would likely rather not go toe to toe.
Namaste Technologies is the only global comapny in the sector. It sounds like they may have a deal in Israel in the works, if I do hear correctly. As marijuana is legalized in countries worldwide, I can forsee N having the ability to grasp many solid opportunities on every continent.
Finally some clarification on the TSX-V uplisting! It really was due to their operations being in over 20 countries that would require $400,000 in lawyer fees with a note from every country they operate in. That is the only thing Sean hasn't accomplished that he previously mentioned in other interviews, which shows a lot about their track record. This wasn't their fault, and is in my opinion a good thing, as it gives us all an opportunity to continue buying at these levels! Sean seems to be the guys favorite CEO to interview, as well as the busiest. This was a nice reminder as to why I invested to heavily into this company, I just cant wait for it to be seen for what it truly is. 3-5 year hold easy. Cant wait to see what's next!
Read more at http://www.stockhouse.com/companies/...d=26600432#OldGZYzC27QppvXd.99 |
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