We found Namaste’s consultants are actually officers of the company, including the head of its audit committee.
While other companies spin off assets to shareholders, Namaste instead sold an asset to an officer at a loss. He is now taking it public for his gain.
Namaste acquired AF Trading, which appears to be owned by an employee of Namaste, yet another related-party transaction.
Cannmart’s head office is tiny and does not appear to be worthy of the title “Amazon of cannabis.”
Namaste insiders may be profiting at shareholders’ expense.
Read the full report on Seeking Alpha here.