Namaste released news yesterday morning that it was divesting of its’ US operations. The move would clear hurdles around major partnerships, financing and uplisting created by the political uncertainty surrounding the legalization of cannabis in the US. Following the company’s conference call this morning, AGORACOM sat down with CEO Sean Dollinger to discuss the major advantages and opportunities that would arise as a result of divesting US operations, including:
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- Partnership discussions with Licensed Producers (LPs)
- Investments by LPs
- Attracting large institutional investors
- Listing on the TSX Venture Exchange
We then switched our focus to current operations and upcoming events, including:
- A 500% increase in Black Friday /Â Cyber Monday sales
- The imminent approval of its’ CannMart Medical Marijuana License
- NamasteMD launch on December 11
- Why Namaste is now the Amazon Of The Marijuana Space
- Why investors need to understand the long-term picture and stop looking at the tape
Tags: #smallcapstocks, $TSXV, CSE, MMJ