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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: 100 King St W #1600
Tel: N/A
IR: See website
Key People
Meni Morim
Chief Executive Officer, Director
Slava Klems
Interim Chief Financial Officer
Faraaz Jamal
Chief Operating Officer
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 2020, NamasteTechnologies Inc revenues increased 45% to C$17.9M. Netloss decreased 40% to C$20M. Revenues reflect CannMartsegment increase from C$432K to C$6M, Australian Vaporizerssegment increase of 19% to C$4.2M, Australia segmentincrease of 17% to C$4.3M. Lower net loss reflectsImpairment loss on goodwill decrease from C$3.6M (expense)to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $48.01M as of Aug 31, 2020
Annual revenue (TTM): $21.87M as of Aug 31, 2020
EBITDA (TTM): -$8.50M as of Aug 31, 2020
Net annual income (TTM): -$49.63M as of Aug 31, 2020
Free cash flow (TTM): -$34.56M as of Aug 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 323,954,483 as of Aug 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization