Good afternoon everyone, or evening depending on where you are. The markets staged one of their biggest days all year today. As a matter of fact, the S&P 500 had its biggest day in well over a year. Hard to believe, right? I can't emphasize enough just how unprecedented the markets' behavior has truly been lately.
What I'm saying here is even though stocks across the board continue to run higher and higher, they're still finding more and more strength. This isn't normal - even if you go back through the last several months of activity. It's starting to look more and more like the late stages of the Internet Bubble, but we'll save that for another day.
All things aren't created equal too. However, despite a bit of lagging today, the Russell 2000 Small Cap Index still managed to make another new all-time high, so it appears the markets are in for even more upside now that the small cap sector has broken new ground.
We're going to keep today's edition real short, as we still have something very exciting to bring you in the next couple of days. Make sure to check your inbox this week, because what we've got could potentially be one of the best opportunities you'll come across in quite some time.
For those investors in Namaste Technologies, Inc. (OTCBB: NXTTF) (CNSX: N.CN), or for those looking to participate in what we believe to be a cannabis stock with true potential, the company made what we believe to be one of its biggest announcements to date.
Just this morning, Namaste Technologies, Inc. (OTCBB: NXTTF) (CNSX: N.CN) announced Health Canada's Office of Medical Cannabis has provided the Company with a Confirmation of Readiness ("COR") for a license under Canada's Access to Cannabis for Medical Purposes Regulations ("ACMPR") for the Company's wholly owned subsidiary, Cannmart Inc. ("Cannmart"). Cannmart is a late-stage applicant under the ACMPR for a medical cannabis "sales-only" license. Namaste plans to leverage its growing site traffic and existing consumer databases along with the Company's revolutionary patient acquisition tool, NamasteMD.com, to become Canada's leading e-commerce retailer for medical cannabis products.
You can read the entire press release by just going here: https://finance.yahoo.com/news/namaste-receives-health-canada-confirmation-123000433.html.
This is exciting news no doubt, as it's the final proverbial feather in the cap that should allow everything the company has done to date be realized over the next several years and beyond.
In our opinion, the fundamental developments in the cannabis sector up in Canada are so much further along than they are here in the US that it almost makes comparing any sort of US based public company in the cannabis space almost incomparable to those Canadian based companies - and even better many of those Canadian based companies with US listings, like Namaste.
The chart of Namaste tells the entire story. Having ran from the $.20 cent level to over $2 bucks a share in just over a year, it's one of the biggest winners we've had in quite some time. However, when you consider the cannabis space up in Canada appears to be just getting started, there are going to be even more returns had in the space over the next several years - assuming of course Trudeau legalizes it at the National level this year.