Namaste Technologies Up More than 70% for the Year-to-Date

Namaste Technologies

When Namaste Technologies (TSXV:N) (OTCQB:NXTTF) CEO Meni Morim told Proactive Investors that his company was prepared to “attack 2020,” he wasn’t kidding.

Since the start of the year, the leading cannabis e-commerce company has received a lot of favorable attention from Wall Street analysts and has made serious progress towards capitalizing on expanded product offerings for Cannabis 2.0.

As pot stock watchers could expect, all this news and attention has driven N shares through the roof.

Namaste Technologies

Namaste Technologies (TSXV:N) (OTCQB:NXTTF) ended 2019 on an upswing, growing from $0.31 to $0.41 between December 30 and January 2. Then, after a mild start to the month, the stock took off on January 13.

Since then, N stock has had a rocket strapped to its back. In the last two weeks, its value has doubled from $0.35 to $0.70, representing 70.7% growth for the Year-to-Date.

And, according to several stock analysis websites, Namaste has a lot of value still to offer.

Namaste Technologies Awarded Multiple “BUY” Ratings

A stock doesn’t perform this well without drawing attention from analysts and experts.

Enter Your E-mail Address To Subscribe

* indicates required’s Technical Analysis is offering investors a “STRONG BUY” recommendation for Namaste Technologies (TSXV:N) (OTCQB:NXTTF). This is based on 12 moving averages and 6 technical indicators pointing to the value of N shares.

No element of the site’s technical analysis points to a selling position.

Namaste Technologies

Likewise, TradingView’s Technical Analysis is recommending a “BUY” position for Namaste Technologies (TSXV:N) (OTCQB:NXTTF).

Of note, 16 moving averages are indicating a “STRONG BUY” for N shares, with no averages pointing to a “Sell” and only one indicating a “Neutral” position.

Both TradingView and’s analysis is based on Namaste’s shares on the TSX Venture Exchange. It’s also worth looking at the company’s stock on the OTCQB for a more thorough understanding of its overall position.

NXTTF shares are currently trading at $0.51, representing an incredible 121.74% jump in value since the start of 2020.

While these kinds of returns would give any investor cause to celebrate, there’s reason to believe Namaste Technologies (TSXV:N) (OTCQB:NXTTF) hasn’t hit its ceiling yet.

Namaste Technologies

Morningstar’s Value Assessment indicates that Namaste is undervalued at its current price.

According to the assessment, a “fair value” for NXTTF is $0.87. This points to a 70% upside from the stock’s current price of $0.51.

Investors who are looking for a strong position in the cannabis e-commerce space should take a close look at Namaste Technologies (TSXV:N) (OTCQB:NXTTF). So far, it has shown incredible gains in 2020, and as the CEO says, it’s got plenty of gas left in the tank.

Featured image: DepositPhotos © gustavofrazao

Please See Disclaimer

If You Liked This Article Click To Share


1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, Namaste Technologies Inc. Market Jar Media Inc. has or expects to receive one hundred and twenty-eight thousand, six hundred Canadian dollars from Namaste Technologies Inc.’s agency of record Native Ads Inc. for 122 days (85 business days).

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here.. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.