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Namaste Technologies Inc. (V:N)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 1600-100 King St W, Stn 1st Can Place
PO Box 121
Tel: N/A
IR: See website
Key People
Branden Lee Spikes
Chairman of the Board
Neil Kothari
Chief Legal Officer
Meni Morim
Chief Executive Officer, Director
Kory Zelickson
Co-Founder, Vice President - Business Development and Director of Investor Relations
Annie Holmes
Chief Financial Officer
David Giardino
Chief Operating Officer
Chad Agate
Chief Technology Officer
David Hughes
Chief Marketing Officer
Faraaz Jamal
Vice President, Marketing and Strategy
Peter Simeon
Legal Counsel and Corporate Secretary
Business Overview
Namaste Technologies Inc is a Canada-based company engaged in vaporizer and accessories distribution, social media and e-commerce, product design and manufacturing. It is involved in sales of vaporizers and accessories through e-commerce platforms. The Company offers Guru, which is a vaporizer that provides a solution to vaporize all of dry herbs, concentrates and liquids. The Company distributes its product through its e-commerce platform, as well as distribution agreements with wholesalers. The Company's brands include Namaste Vapes, Green Vapes, Grizzly Originals, Vape Gossip, VaporSeller and Groovy Vapes. The Company has over 30 e-commerce retail stores in approximately 20 countries and offers a range of brand name vaporizer products on the market. The Company markets its products in Australia, Brazil, the United States, the United Kingdom, Sweden, Israel, Mexico, among others.
Financial Overview
For the nine months ended 31 August 2019, Namaste Technologies Inc revenues decreased 33% to C$12.4M. Net loss increased 44% to C$33.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Selling/General/Admin Expense increase of 63% to C$32.5M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.09 to -C$0.10.
Reporting Currency: Canadian Dollars
Enterprise value: $13.98M as of Aug 31, 2019
Annual revenue (TTM): $17.63M as of Aug 31, 2019
EBITDA (TTM): -$46.47M as of Aug 31, 2019
Net annual income (TTM): -$51.91M as of Aug 31, 2019
Free cash flow (TTM): -$36.51M as of Aug 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 323,761,983 as of Aug 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization