Topic: How To Invest

Q: Hi, Pat and company. Thanks for all of your great advice over the years. I wanted to ask you for your view of Namaste Technologies. Thanks!

Article Excerpt

A: Namaste Technologies, $2.68, symbol N on the Toronto Venture Exchange (Shares outstanding: 275.2 million; Market cap: $755.7 million; www.namastetechnologies.com), is a Toronto-based e-commerce business that sells vaporizers and other cannabis accessories. It owns 30 websites, under various brands, in over 20 countries. The company has expanded in the vaporizer business through a number of acquisitions. Vaporizing, also known as vaping, refers to the conversion of a substance from a solid or liquid state into gas by the application of heat. As it relates to medical cannabis, vaping entails the use of convection or conduction heating methods to safely bring dried cannabis to an optimal temperature (not high enough to cause combustion). It then releases cannabis compounds in the form of a vapour. Vaping cannabis is perceived to be a cleaner, safer and less-harmful alternative to smoking marijuana. In July 2016, Namaste Technologies paid $2.9 million for VaporSeller, an e-commerce platform selling vaporizers in the U.S. In October 2016, the company paid…